Overview
- Razzoo’s filed for Chapter 11 on Oct. 1 in the Southern District of Texas in Houston.
- The company is operating about 20 locations across Texas, North Carolina and Oklahoma while it evaluates its footprint.
- Court papers list $10 million to $50 million in liabilities, and long‑term leases total roughly $650,000 in monthly rent with no owned real estate.
- The CEO cited declining sales from shifts toward convenience and affordability, aggressive discounting by larger casual‑dining rivals including Chili’s and Applebee’s, and crawfish supply and pricing pressures.
- Four underperforming restaurants were closed in 2024–2025; further closures are being considered, the attorney says the goal is to preserve jobs and restore stability, and the debtors describe potential for future Southeast expansion.