RISE - Menu Monitor

Avado Brands named Paul Seidman senior vice president of research and development, purchasing and quality control,
effective April 2. Previously, Seidman served as vice president of food and beverage procurement for Così Inc. (NRN Daily
NewsFax 3/21/07)
News & Other |
Pablo’s Fajita Grill is a newly developed concept from Avado Brands. With an anticipated opening in fall 2007 in Philadelphia,
Pablo’s Fajita Grill is a quick-casual concept featuring fajitas that are grilled to order over an open flame. Avado Brands, parent
company of Don Pablo’s and Hops* restaurants, considers Pablo’s Fajita Grill its future growth vehicle, with 100 units
expected to be in operation by 2012. (Chain Leader p30 12/06; Company Website
Avado Brands Inc. has filed for Chapter 11 bankruptcy protection. The company will continue to operate its restaurants. The
company is also seeking approval for a $67 million debtor-in-possession credit facility from a group of lenders led by DDJ
Capital Management LLC in order to complete a sale of the company’s assets to a buyer committed to the long-term stability
of the company. (Qsrmagazine.com 9/6/07)
Avado Brands Inc. has no plans to close any locations of either its Don Pablo’s Mexican Kitchen or its Hops Grill & Brewery.
However, the company plans to sell all of its assets as part of its Chapter 11 repayment plan. (Bradenton.com 9/12/07)
Avado Brands Inc. sold 83 of its Don Pablo’s and Hops Grillhouse and Brewery restaurants in a total of seven transactions.
Terms for the transactions were not disclosed. Avado’s headquarters and 67 of the restaurants were sold to an affiliate of the
company’s bankruptcy lender, DDJ Capital Management LLC. In addition, DDJ purchased all intellectual property and all
materials and work related to Pablo’s Fajita Grill, a new Avado fast-casual concept under development. A court hearing to
approve the deals is scheduled for December 10. (NRN Daily NewsFax 11/28/07)
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