{"id":104336,"date":"2025-12-30T00:47:01","date_gmt":"2025-12-30T00:47:01","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/104336\/"},"modified":"2025-12-30T00:47:01","modified_gmt":"2025-12-30T00:47:01","slug":"after-bankruptcy-dallas-tex-mex-company-bought-razzoos-restaurants","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/104336\/","title":{"rendered":"After bankruptcy, Dallas Tex-Mex company bought Razzoo\u2019s restaurants"},"content":{"rendered":"<p class=\"body-text-paragraph\">Razzoo\u2019s, the Cajun restaurant chain that started in Dallas in 1991 and filed for bankruptcy in 2025, has been purchased by North Texas company M Crowd.<\/p>\n<p class=\"body-text-paragraph\">M Crowd \u2014 which owns Mi Cocina, The Mercury and <a href=\"https:\/\/www.dallasnews.com\/food\/restaurant-news\/2025\/01\/31\/vaqueros-open-allen-hottest-bbq-texas\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.dallasnews.com\/food\/restaurant-news\/2025\/01\/31\/vaqueros-open-allen-hottest-bbq-texas\/\">Vaqueros Texas Bar-B-Q<\/a> \u2014 bid $18.8 million for Razzoo\u2019s, according to documents from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.<\/p>\n<p class=\"body-text-paragraph\">The deal closed Dec. 29, 2025, after M Crowd purchased the Cajun restaurant chain\u2019s $9.6 million in debt from First Horizon Bank weeks earlier. M Crowd was named the stalking horse bidder for Razzoo\u2019s in December 2025.<\/p>\n<p class=\"body-text-paragraph\">The sale marks the first time Mi Cocina\u2019s parent company has bought a chain like Razzoo\u2019s, confirmed M Crowd president and CEO Edgar Guevara. <\/p>\n<p>Restaurant News<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__3beff secondaryRoman secondaryRoman-20 text-center text-gray-dark\">Get the scoop on the latest openings, closings, and where and what to eat and drink.<\/p>\n<p class=\"dmnc_features-cta-social-article-cta-social-module__8MgJa flex flex-wrap text-gray-dark secondaryRoman secondaryRoman-10 text-center justify-center\">By signing up, you agree to our\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/terms-of-service\/\" rel=\"nofollow noopener\" target=\"_blank\">Terms of Service<\/a>\u00a0and\u00a0<a class=\"dmnc_features-cta-social-article-cta-social-module__lU9-l border-b border-gray-dark hover_border-0 focus_border-0 active_border-0\" href=\"https:\/\/www.dallasnews.com\/help\/privacy-policy\" rel=\"nofollow noopener\" target=\"_blank\">Privacy Policy.<\/a><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" style=\"aspect-ratio:1849 \/ 1221\"   class=\"dmnc_images-modern-image-module__QFaG- max-w-full h-auto text-white dmnc_images-modern-image-module__9Zlll bg-gray-light object-contain\" width=\"1849\" height=\"1221\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/12\/DMFVFMIJUNDKRCM2NW4SPK74WU.JPG\" alt=\"Razzoo's Cajun Cafe has been open in Dallas since 1991. \"\/><\/p>\n<p>Razzoo&#8217;s Cajun Cafe has been open in Dallas since 1991. <\/p>\n<p>JMK_J. Mark Kegans \/ 99765<\/p>\n<p class=\"body-text-paragraph\">M Crowd was not looking to buy an existing restaurant group, Guevara confirmed, but Razzoo\u2019s has \u201ca lot of similarities\u201d to the way Mi Cocina is run, he said.<\/p>\n<p class=\"body-text-paragraph\">\u201cThey have a loyal guest base and a strong brand identity,\u201d Guevara said. Popular Razzoo\u2019s menu items include its fried seafood baskets and stuffed shrimp. Crawfish boils offer a reason for fans to return to the restaurants in the February\/March timeframe.<\/p>\n<p class=\"body-text-paragraph\">Razzoo\u2019s filed for bankruptcy because of a decline in sales as diners shift their habits to \u201cconvenience, delivery and affordability,\u201d said FSR in an <a href=\"https:\/\/www.fsrmagazine.com\/feature\/razzoos-cajun-cafe-declares-bankruptcy\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.fsrmagazine.com\/feature\/razzoos-cajun-cafe-declares-bankruptcy\/\">October 2025 story about Razzoo\u2019s bankruptcy filing<\/a>. FSR noted tough competition from casual-dining competitors like Chili\u2019s and Applebee\u2019s.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" style=\"aspect-ratio:1981 \/ 1321\"   class=\"dmnc_images-modern-image-module__QFaG- max-w-full h-auto text-white dmnc_images-modern-image-module__9Zlll bg-gray-light object-contain\" width=\"1981\" height=\"1321\" src=\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/12\/HV5E56DTWVB4BPGVATPQK4VMUU.JPG\" alt=\"Razzoo's Cajun Cafes crawfish boils \u2014 which usually start in February \u2014 are a significant...\"\/><\/p>\n<p>Razzoo&#8217;s Cajun Cafes crawfish boils \u2014 which usually start in February \u2014 are a significant revenue opportunity for the restaurant every year.<\/p>\n<p>NONE \/ Digital File_UPLOAD<\/p>\n<p class=\"body-text-paragraph\">Guevara said Razzoo\u2019s is neighborhood restaurant for cities like Cedar Hill, Mesquite and Arlington. He doesn\u2019t want to see it compete with a brand like Chili\u2019s. <\/p>\n<p class=\"body-text-paragraph\">\u201cThat\u2019s not why the core Razzoo\u2019s guest came,\u201d he said. \u201cCustomers came because it\u2019s fun, because of the \u2018swamp\u2019 thing and to get some alligator tail.\u201d <\/p>\n<p class=\"body-text-paragraph\">His intention is keep the \u201cfun\u201d at Razzoo\u2019s, but streamline operations by reassessing prices and portion sizes.<\/p>\n<p class=\"body-text-paragraph\">M Crowd was interested in Razzoo\u2019s because it\u2019s a \u201clegendary brand in Dallas restaurants,\u201d said Ray Washburne, one of the founders of M Crowd. <\/p>\n<p class=\"body-text-paragraph\">Both Mi Cocina and Razzoo\u2019s were established in 1991, and both are D-FW born. <\/p>\n<p class=\"body-text-paragraph\">With the sale, Razzoo\u2019s will move from Addison to M Crowd\u2019s Carrollton headquarters.<\/p>\n<p>What\u2019s next for Razzoo\u2019s restaurants<\/p>\n<p class=\"body-text-paragraph\">M Crowd now owns 11 Razzoo\u2019s Cajun restaurants in Texas and North Carolina. <\/p>\n<p class=\"body-text-paragraph\">The company is closing nine Razzoo\u2019s in Burleson, College Station, Far North Dallas (near Richardson), Garland, Irving, Lewisville, Lubbock, Spring and Tyler. <\/p>\n<p class=\"body-text-paragraph\">The Razzoo\u2019s that will remain are \u201clegacy restaurants\u201d in their communities, Washburne said. <\/p>\n<p class=\"body-text-paragraph\">Razzoo\u2019s restaurants staying open include one in Concord, N.C., three in Fort Worth, and those in Arlington, Cedar Hill, Harker Heights, McKinney, Mesquite, Round Rock and Stafford.<\/p>\n<p class=\"body-text-paragraph\">Of the estimated 1,000 employees at Razzoo\u2019s, about 650 will remain, Guevara said. Managers at closed Razzoo\u2019s restaurants will be eligible for open positions at Mi Cocina restaurants, he said.<\/p>\n<p class=\"body-text-paragraph\">Even as M Crowd adds Razzoo\u2019s to its portfolio, Mi Cocina will remain the largest of the flock, with 22 Tex-Mex spots in Dallas-Fort Worth, and one in Tulsa.<\/p>\n","protected":false},"excerpt":{"rendered":"Razzoo\u2019s, the Cajun restaurant chain that started in Dallas in 1991 and filed for bankruptcy in 2025, has&hellip;\n","protected":false},"author":2,"featured_media":104337,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[8872,1323,28952,1196,160,162,161,1623,354],"class_list":{"0":"post-104336","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-plano","8":"tag-addison","9":"tag-carrollton","10":"tag-local-people-doing-big-things","11":"tag-mergers-and-acquisitions","12":"tag-plano","13":"tag-plano-headlines","14":"tag-plano-news","15":"tag-restaurant-news","16":"tag-restaurants"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/104336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=104336"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/104336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/104337"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=104336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=104336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=104336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}