A well-known steakhouse group, 801 Restaurant Group, filed for bankruptcy. The presentation took place last week.
The Kansas-based company operates eight restaurants under two brands
- 801 Chophouse
- 801 fish
First opened in Des Moines, Iowa, in 1993, the steakhouse chain experienced massive growth in the years that followed and expanded its business to Denver, Kansas City, Minneapolis, Omaha, St. Louis, and Leawood, Kansas.
A newer location called 801 on Nicollet in Minneapolis recently closed, while the other company-owned restaurants appear to remain open and operating as normal.
The company filed for Chapter 11 bankruptcy on April 10, 2026 in a Kansas court.
For the uninitiated, Chapter 11 allows a business to continue operating while it makes a plan to pay off its debts.
Court documents show the company has nearly $15 million in assets. But he owes $18.7 million. His debts include more than $3 million in lease guarantees and $1.8 million owed to the U.S. Small Business Administration.
The group did not reveal many details about the possible causes behind the bankruptcy filing.
The latest filing comes amid a wave of restaurant chains that have gone out of business in recent years, including some of the biggest names like Red Lobster and Hooters.
It appears that rising food costs and inflation have severely hurt the industry. Customers are spending less, so food businesses’ operating costs continue to rise.
