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Say it isn't so Joe. Joe's Crap Shack chain files for bankruptcy

Posted on 6/7/17 at 11:08 am
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38505 posts
Posted on 6/7/17 at 11:08 am
Full Story - Joe's Crab Shack




quote:



The owner of Joe's Crab Shack casual dining chain filed for Chapter 11 bankruptcy on Tuesday amid falling sales.

Ignite Restaurant Group plans to sell the company for at least $50 million to a private equity firm, according to a court filing.


quote:

Ignite owns 112 Joe's Crab Shack restaurants and 25 Brick House locations, according to court documents. The Crab Shack chain was founded in Houston in 1991 and Brick House was launched in 2008.


quote:

The company has a $30 million revolving credit facility and a $165 million term loan, according to a court filing.


Posted by MSMHater
Houston
Member since Oct 2008
22774 posts
Posted on 6/7/17 at 11:14 am to
I have no idea how it took this long.

The Joe's location on Siegen was my first restaurant job 21+ years ago, and is still the most disgusting kitchen I ever worked in.
This post was edited on 6/7/17 at 11:14 am
Posted by tigers1956
baton rouge
Member since Oct 2008
4760 posts
Posted on 6/7/17 at 11:19 am to
Food is terrible and very high priced
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 6/7/17 at 11:23 am to
Never eaten at one...
Posted by BigPerm30
Member since Aug 2011
25830 posts
Posted on 6/7/17 at 11:23 am to
I'd assume the lease on that New Orleans location was enough to bankrupt them.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 6/7/17 at 11:56 am to
How in the shite did that place stay open in Baton Rouge for 20+ years?
Posted by Twenty 49
Shreveport
Member since Jun 2014
18718 posts
Posted on 6/7/17 at 1:14 pm to
There has been one in the Bossier Boardwalk for about 10 years, but I've never been. I've only had one person ever mention going. They must survive off of outlet-store shoppers who visit that area.
Posted by BingWaterTiger
Member since May 2017
694 posts
Posted on 6/7/17 at 1:49 pm to
Ate at the one in Beaumont out of desperation, it being right next to my hotel and not wanting twin peaks or cheddars.. Huge mistake on my part, disgusting food.
Posted by Tuscaloosa
11x Award Winning SECRant user
Member since Dec 2011
46547 posts
Posted on 6/7/17 at 1:53 pm to
Used to be owned by Landry's, Inc. I believe.
Posted by Notro
Alison Brie's Boobs
Member since Sep 2011
7879 posts
Posted on 6/7/17 at 2:24 pm to
Thanks to snobby millennials....
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29445 posts
Posted on 6/7/17 at 6:36 pm to
Considering they made nothing from scratch like the Pappas restaurant family does, this is not the least bit surprising.
Posted by bigwheel
Lake Charles
Member since Feb 2008
6491 posts
Posted on 6/7/17 at 6:52 pm to
Stopped at the one in Beaumont , turrible. Not at all surprised
Posted by mouton
Savannah,Ga
Member since Aug 2006
28276 posts
Posted on 6/7/17 at 6:55 pm to
quote:

Considering they made nothing from scratch like the Pappas restaurant family does, this is not the least bit surprising.


Did you work at one?
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29445 posts
Posted on 6/7/17 at 6:56 pm to
My neighbor was a GM at the one in Humble, north of Houston. They had tons of stuff from Cisco foods.... tons.
Posted by mouton
Savannah,Ga
Member since Aug 2006
28276 posts
Posted on 6/7/17 at 7:03 pm to
That is odd. Most large chains do not get their food from Sysco.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29445 posts
Posted on 6/7/17 at 7:06 pm to
agree. Joe's was a heavy contributor to Sysco's exciting income statement.

Posted by andouille
A table near a waiter.
Member since Dec 2004
10700 posts
Posted on 6/7/17 at 7:09 pm to
JCS wins my Worst Restaurant in BR - Sit Down Chain Division award every year. I will be taking nominations to replace them, I'm thinking IHOP is a leading candidate.
Posted by jsquardjj
Member since Oct 2009
1317 posts
Posted on 6/8/17 at 4:07 am to
I worked at the b.r. One freshman year of college. Every single item is frozen and it was by far the dirtiest restaurant I have seen. Easily the worst job I have ever had.
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