A well-known steakhouse group, 801 Restaurant Group, has filed for bankruptcy. The application was made last week.
The Kansas-based company operates eight restaurants under two brands
- 801 Chophouse
- 801 Fish
The steakhouse chain first opened in Des Moines, Iowa in 1993, and experienced massive growth in the years to come, expanding its operations to Denver, Kansas City, Minneapolis, Omaha, St. Louis and Leawood, Kansas.
It recently closed a newer location called 801 on Nicollet in Minneapolis, while the other restaurants owned by the company appear to still be open and operating normally.
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 works out a plan to repay its debts.
Court documents show the company has nearly $15 million in assets. But it owes $18.7 million. Its debt includes over $3 million in lease guarantees and $1.8 million owed to the US Small Business Administration.
The group did not reveal many details about the possible reasons behind the bankruptcy filing.
The latest filing comes amid a wave of restaurant chains that have gone bankrupt in recent years, including some well-known names like Red Lobster and Hooters.
It appears that rising food costs and inflation have hurt the industry badly. Customers spend less, so operating costs for food companies continue to rise.
