Dallas, Texas, January 3, 2026
M Crowd Restaurant Group has successfully acquired Razzoo’s Cajun Cafe amid bankruptcy proceedings. The $18.8 million deal involves 11 locations, though nine have been closed as part of restructuring. The acquisition aims to enhance Razzoo’s brand and expand M Crowd’s presence in the dining market. M Crowd plans to honor the legacy of Razzoo’s while investing in its operational excellence and offerings. Remaining locations in Texas and North Carolina will continue operations.
Dallas Restaurant Group Acquires Razzoo’s, Closes 9 Locations
Dallas, Texas – In a significant development within the local dining scene, M Crowd Restaurant Group, the parent company of Mi Cocina, has acquired Razzoo’s Cajun Cafe out of bankruptcy. The acquisition, finalized on December 29, 2025, was valued at $18.8 million and includes 11 Razzoo’s locations in Texas and North Carolina. However, nine of these locations have been closed as part of the restructuring process.
Details of the Acquisition
Razzoo’s, a Dallas-born Cajun restaurant chain established in 1991, filed for Chapter 11 bankruptcy in October 2025, citing challenges such as declining sales and increased competition from national brands like Chili’s and Applebee’s. M Crowd Restaurant Group, known for its Mi Cocina chain and other brands, was named the stalking-horse bidder with an $18.8 million credit bid ahead of an auction scheduled for December 12. No other buyers came forward, allowing M Crowd’s bid to go through.
Impact on Razzoo’s Locations
As a result of the acquisition, nine Razzoo’s locations have been closed, including those in Burleson, College Station, Far North Dallas (near Richardson), Garland, Irving, Lewisville, Lubbock, Spring, and Tyler. The remaining locations that will continue operations are in Arlington, Cedar Hill, Harker Heights, McKinney, Mesquite, Round Rock, Stafford, and Concord, North Carolina.
Future Plans for Razzoo’s
Edgar Guevara, CEO of M Crowd, expressed confidence in Razzoo’s potential. The company plans to honor Razzoo’s legacy while investing in its people, food, and experiences to enhance the brand’s appeal.
Background on M Crowd Restaurant Group
M Crowd Restaurant Group, founded in 1991, operates several dining establishments, including Mi Cocina, The Mercury, Sushi at the Mercury, Monkey Bar, and Vaqueros Texas Bar-B-Que. The acquisition of Razzoo’s marks a strategic expansion for the group, aiming to diversify its portfolio and strengthen its presence in the regional dining market.
Conclusion
The acquisition of Razzoo’s by M Crowd Restaurant Group signifies a pivotal moment in the Dallas dining industry. While the closure of nine locations reflects the challenges faced by the Cajun restaurant chain, the remaining establishments are poised to benefit from M Crowd’s resources and strategic vision, potentially revitalizing the brand and enhancing its offerings to customers.
Frequently Asked Questions (FAQ)
What is the value of the acquisition of Razzoo’s by M Crowd Restaurant Group?
The acquisition was valued at $18.8 million.
Which Razzoo’s locations have been closed following the acquisition?
The closed locations include those in Burleson, College Station, Far North Dallas (near Richardson), Garland, Irving, Lewisville, Lubbock, Spring, and Tyler.
Which Razzoo’s locations will remain open after the acquisition?
The remaining open locations are in Arlington, Cedar Hill, Harker Heights, McKinney, Mesquite, Round Rock, Stafford, and Concord, North Carolina.
What are M Crowd Restaurant Group’s plans for Razzoo’s?
M Crowd plans to honor Razzoo’s legacy while investing in its people, food, and experiences to enhance the brand’s appeal.
What other establishments does M Crowd Restaurant Group operate?
M Crowd operates several dining establishments, including Mi Cocina, The Mercury, Sushi at the Mercury, Monkey Bar, and Vaqueros Texas Bar-B-Que.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Acquisition Value | $18.8 million |
| Number of Locations Acquired | 11 |
| Number of Locations Closed | 9 |
| Number of Locations Remaining Open | 2 in Texas, 1 in North Carolina |
| Parent Company of Razzoo’s | M Crowd Restaurant Group |
| Other Brands Operated by M Crowd | Mi Cocina, The Mercury, Sushi at the Mercury, Monkey Bar, Vaqueros Texas Bar-B-Que |
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