Jump to content

Chevys Fresh Mex

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Iridescent (talk | contribs) at 17:18, 16 February 2020 (→History: Cleanup and typo fixing, typo(s) fixed: 2011-2012 → 2011–2012). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Chevys Inc.
Company typeWholly owned subsidiary
IndustryCasual dining restaurant
Founded1986; 38 years ago (1986)
Alameda, California, U.S.[1]
FounderWarren Simmons[1]
Headquarters
Cypress, California[2]
,
U.S.
Number of locations
38 (as of 2017-04-15)[3]
Area served
United States
Key people
Charles Rinker, President
Nick Mayer, SVP Operations
Steven Tanner, CFO
ProductsMexican-style cuisine
Revenue$65.1 million (2007)
Number of employees
3,000 (2007)[4]
ParentReal Mex Restaurants
Websitewww.chevys.com

Chevys Fresh Mex is an American chain of Mexican-style casual dining restaurants located in the United States. The chain was founded in 1986 by Warren Simmons in Alameda, California.[5] The chain's headquarters are currently located in Cypress, California.[6][7] The chain was owned by Real Mex Restaurants, Inc. until its August 7, 2018 bankruptcy and acquisition by Z Capital and Tennenbaum Capital Partners.

History

A Chevys Fresh Mex restaurant in April 2001.

The chain was founded in 1981 by Warren Simmons,[8] when he opened the first restaurant in Alameda, California.[9] It grew to 37 restaurants across California by August 1993, when it was acquired by PepsiCo subsidiary Taco Bell. When PepsiCo decided to exit the restaurant business in 1997, Chevys was sold to the investment group J.W. Childs Associates.[10] In 1999, Chevys purchased Rio Bravo Cantina, a poorly performing chain of Tex-Mex restaurants with 66 locations across the United States, from Applebee's International for $59 million.[11]

However, business was poor at the Rio Bravo locations, and in 2003 Chevys' executives filed for Chapter 11 bankruptcy protection.[8] For the next year and a half, Chevys operated as debtor in possession under Chapter Eleven. In January 2005, Chevys and Fuzio Universal Pasta were acquired by Real Mex Restaurants, Inc., the Long Beach, California-based parent company of El Torito Restaurants and Acapulco Mexican Restaurants.[12] The acquisitions gave Real Mex Restaurants claim as the largest operator of full-service Mexican restaurants in the United States. Real Mex subsequently passed through bankruptcy in 2011–2012, and finally in 2018 when Real Mex was rebranded as Xperience XRG.

14 more underperforming Chevys Fresh Mex restaurants, mostly in northern California, were closed on December 26, 2016.[13] Among these were the Redding, Chico, South Lake Tahoe, Modesto, and Fresno locations in California.[14][15][16]

Restaurants

As of March 2017, there were 37 Chevys Fresh Mex restaurants located throughout the United States, mostly in northern California (15 locations). Many of these locations are owned by the company; however, some are franchisee-owned.[9][17][18][19][20] Franchised Chevys locations, a handful of restaurants in California, and a single unit in Orlando, Florida remain after the October, 2018 bankruptcy and asset sale.

See also

References

  1. ^ a b ">Chevys Fresh Mex". Chevys Fresh Mex. Archived from the original on October 30, 2015. Retrieved April 16, 2017.
  2. ^ "Chevys Fresh Mex/web=Chevys Fresh Mex/access-date=April 16, 2017". Archived from the original on 2015-10-30.
  3. ^ Chevys Fresh Mex website Accessed: April 15, 2017
  4. ^ "Chevys Restaurants LLC Company Profile". Yahoo Finance. 2008. Archived from the original on 2009-11-15. Retrieved 2008-09-25.
  5. ^ ">Chevys Fresh Mex". Chevys Fresh Mex. Archived from the original on October 30, 2015. Retrieved April 15, 2017.
  6. ^ "Contact Us Archived 2010-02-09 at the Wayback Machine." Chevys Fresh Mex. Retrieved on June 6, 2010.
  7. ^ "Chevys Fresh Mex/web=Chevys Fresh Mex/access-date=April 15, 2017". Archived from the original on 2015-10-30.
  8. ^ a b Yulico, Nicholas (2004-09-25). "Chevy's may be auctioned off". Oakland Tribune. BNET. Retrieved 2008-09-25. [dead link]
  9. ^ a b "Chevys". Real Mex Restaurants. 2008. Archived from the original on 2008-07-06. Retrieved 2008-09-23.
  10. ^ Howe, Kenneth (May 1, 1997). "Pepsi Decides to Sell Chevys Restaurants". SFGate. Retrieved June 25, 2019.
  11. ^ Liddle, Alan (1999-02-22). "Chevys prescribes Fresh Mex as Rx". Nation's Restaurant News. BNET. Retrieved 2008-09-25.
  12. ^ "Real Mex Restaurants, Inc. Acquires Chevys Inc.'s Chevys Fresh Mex Restaurants and Fuzio Universal Pasta Restaurants". Business Wire. BNET. 2005-01-19. Retrieved 2008-09-25.
  13. ^ Cloughbclough, Bethany. "Chevys at River Park in Fresno closes, 13 other restaurants close". The Fresno Bee. Retrieved 2017-11-18.
  14. ^ Claire Cudahy / Tahoe Daily Tribune. "South Lake Tahoe Chevys closes, employees shocked". TahoeDailyTribune.com. Retrieved 2017-11-18.
  15. ^ "South Lake Tahoe Chevys closes doors on Christmas Eve | South Lake Tahoe". SouthTahoeNow.com. 2016-12-26. Retrieved 2017-11-18.
  16. ^ Valinekvaline, Kevin. "Modesto's Chevys Fresh Mex restaurant closes its doors | The Modesto Bee". Modbee.com. Retrieved 2017-11-18.
  17. ^ "Archived copy". Archived from the original on 2012-01-07. Retrieved 2011-12-31.{{cite web}}: CS1 maint: archived copy as title (link)
  18. ^ "Real Mex set for Ch. 11 auction".
  19. ^ "Archived copy". Archived from the original on 2014-07-15. Retrieved 2014-07-14.{{cite web}}: CS1 maint: archived copy as title (link)
  20. ^ "Chevys Restaurant Locations". Locations.chevys.com. Retrieved 2017-11-18.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Chevys_Fresh_Mex&oldid=941108601"