801 Restaurant Group Files for Bankruptcy: Will 801 Chophouse Locations Close?

Restaurant chains across the U.S. have faced significant financial challenges in recent years, driven by inflation, reduced consumer spending, and rising operational costs. These pressures have led to a wave of bankruptcies across the industry. Now, 801 Restaurant Group, the parent company behind the 801 Chophouse steakhouse chain, has joined that list by filing for Chapter 11 bankruptcy.

What Led to 801 Restaurant Group’s Bankruptcy Filing?

On April 10, 801 Restaurant Group filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Kansas. The company reported $18.7 million in liabilities and $15 million in assets in court documents.

In an emailed statement to Fast Company, the company explained that the bankruptcy stems from financial issues tied to guaranties provided by 801 Restaurant Group LLC for other affiliated companies. The primary driver was the recent closures of two of its concepts: 801 Fish in Denver and 801 on Nicollet in Minneapolis.

Will 801 Chophouse Restaurants Close?

Fans of 801 Chophouse may be concerned about the future of their favorite locations. However, the company has clarified that no additional closures are expected as a result of the bankruptcy. According to 801 Restaurant Group:

“Except for the two closed restaurants, Chapter 11 is not expected to have any impact on the remaining locations.”

The purpose of the bankruptcy filing is to restructure debts, and if successful, the company has indicated that no further locations will close. All remaining 801 Chophouse and other restaurants are currently operating as usual.

Current Open 801 Restaurant Locations

• 801 Fish
  172 Carondelet Plaza, Clayton, MO 63105
• 801 Chophouse
  3000 E 1st Ave., Denver, CO 80206
  3000 E 1st Ave., Denver, CO 80206
  801 Grand Ave., Suite 200, Des Moines, IA 50309
  11616 Ash St., Leawood, KS 66211
  801 Nicollet Mall, Minneapolis, MN 55402
  137 Carondelet Plaza, Clayton, MO 63105
  71 E 14th St., Kansas City, MO 64106
  1403 Farnam St., Omaha, NE 68102

Industry-Wide Challenges in the Restaurant Sector

The restaurant industry, including both sit-down dining and fast food, has struggled since the pandemic. Lockdowns and COVID-19 concerns drastically reduced dining out, and while restrictions have lifted, lingering economic pressures continue to impact revenue. 801 Restaurant Group’s bankruptcy reflects broader trends affecting dining chains nationwide.