A percentage of the franchisor%27s stake in the restaurant is included in the purchase price of $131.5 million. A San Francisco-based private equity firm has purchased Romano’s Macaroni Grill in what is thought to be an indication of the city’s growing restaurant industry. It is now only about a quarter of the size it was at its peak.Īs a result of the transaction, the company anticipates immediate and long-term stability as well as increased opportunities for growth. Mac Grill has 93 locations and 23 franchise locations in addition to 93 restaurants. In an effort to turn a profit, the company closed 37 unprofitable locations. The restaurant chain Mac Grill filed for Chapter 11 bankruptcy protection this week, citing a weak casual dining market, falling sales, and rising costs. Ignite Restaurant Group acquired the chain for $55 million five years after it was purchased for $50 million. Golden Gate Capital bought out 80 percent of Mac Grill in 2008. Then-owner Brinker International placed it on the market due to falling sales. For a long time, the Italian chain was regarded as an Olive Garden alternative concept. The decline of Romano’s Macaroni Grill has caused two companies to file for bankruptcy as a result of its decline.
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Finally, the chain was acquired by Golden Gate Capital in 2008, which led to a series of management changes that may have further disrupted the company. Additionally, the chain was known for its heavy, carb- laden Italian dishes, which fell out of favor with health-conscious consumers. Additionally, the recession hit the casual dining industry hard, and Macaroni Grill was not able to recover as quickly as some of its competitors. First, the chain expanded too quickly in the early 2000s, which led to higher costs and lower quality control. There are a few reasons that may have contributed to Macaroni Grill’s decline.
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