Eat This Not That is excited to announce that a recently bankrupt southern-style restaurant chain is back on a path to growth. After filing for bankruptcy in 2020, the chain has been able to restructure its debt and is now looking to expand its operations. The chain is known for its classic southern-style dishes, such as fried chicken, macaroni and cheese, and collard greens. With its new financial footing, the chain is looking to open new locations and expand its menu offerings. This is great news for fans of southern-style cuisine, as the chain is now poised to become a major player in the restaurant industry.
This Recently Bankrupt Southern-Style Restaurant Chain Is Back on a Path to Growth — Eat This Not That
Southern-style restaurant chain, Bojangles’, is back on the rise after filing for bankruptcy in 2020. The chain, which is known for its Cajun-style fried chicken, biscuits, and other Southern-style comfort food, has been struggling for years due to increased competition from other fast-food chains. However, the company has recently announced a new strategy that is helping it to get back on track.
Bojangles’ has been focusing on expanding its menu to include healthier options, such as salads and grilled chicken. The chain has also been investing in technology to make ordering and delivery easier. Additionally, Bojangles’ has been working to improve its customer service and loyalty programs. All of these efforts have been paying off, as the chain has seen an increase in sales and customer satisfaction.
If you’re looking for a delicious Southern-style meal, Bojangles’ is definitely worth a try. The chain offers a variety of menu items, from classic fried chicken to healthier options. Plus, the chain’s customer service and loyalty programs make it a great choice for those looking for a convenient and enjoyable dining experience.
So, if you’re looking for a delicious Southern-style meal, Eat This Not That and head to Bojangles’ for a tasty meal that won’t break the bank.
A beloved seafood chain, which had fallen on hard times during the pandemic, will continue feeding its loyal customers for years to come. After emerging from bankruptcy in December, The Lost Cajun is now ramping up its growth efforts under new ownership.
According to a press release, Executive Decisions Group Inc. (EDGI), a franchise consulting company, has just acquired the Louisiana-inspired seafood chain.
Although the cost of the transaction has not been disclosed, the acquisition includes The Lost Cajun’s 23 franchised restaurants, one corporate-owned Louisiana-based location, and The Lost Cajun Spicy Company—an entity created in 2016 that is responsible for the sale and distribution of goods to the chain’s restaurants.
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This business deal marks EDGI’s first direct acquisition, which was managed by subsidiary Summa Franchise Consulting, an Arizona-based franchise consulting company.
“We recognized something special about The Lost Cajun,” Robert Stidham, founder and CEO of Summa, said in a statement. “We’re excited to commit our time, talent and resources into growing this popular family-friendly restaurant franchise and introducing it to a new and expansive customer base over the next few years.”
Founded in 2010 by Raymond “Griff” Griffin, The Lost Cajun began franchising in 2015 and grew to 26 locations by 2019. However, just over a year ago, pandemic-induced revenue losses and closures pushed the homey chain to file for Chapter 11 bankruptcy. The Colorado-based company reported liabilities of more than $1.4 million and assets of about $338,000.
Despite permanently closing four locations as a result of the bankruptcy, three in Texas and one in Colorado, the Cajun food concept did open five new locations, with the latest taking place in Rancho Cucamonga, Calif. Another restaurant is slated to open in downtown Florence, S.C., according to the chain’s website.
The Lost Cajun currently operates 24 units across sevens states, with a third of them located in the chain’s home state of Colorado. Going forward, the company plans to open six to eight new locations per year.