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February 10, 2016 2:13 PM ET

Hotels, Restaurants and Leisure

Company Overview of Z'Tejas, Inc.

Company Overview

Z'Tejas, Inc. owns and operates a chain of restaurants in the Southwest United States. Its restaurants serve lunch and dinner options, including include appetizers, soups and side salads, desserts, burgers and sandwiches, entrée salads, pastas, stacks, seared steaks, between breads, house-made desserts, Mexican food, brunches, margaritas, and cocktails; and chicken, trout, pork, salmon, and tuna food items. The company also provides catering services for corporate group luncheons and dinners, social events, reunions, holiday and seasonal gatherings, bridal and baby showers, wedding rehearsal dinners and brunches, and parties and events. Z'Tejas, Inc. was founded in 1989 and is based in Scott...

6909 East Greenway Parkway

Suite 195

Scottsdale, AZ 85254

United States

Founded in 1989

Phone:

480-612-6380

Fax:

866-747-7559

Key Executives for Z'Tejas, Inc.

Chief Executive Officer, President and Chief Operating Officer
Founder and Corporate Chef
Chief Financial Officer
Chief Executive Chef of Southwestern Grill
Market Partner
Compensation as of Fiscal Year 2015.

Z'Tejas, Inc. Key Developments

Z'Tejas Southwestern Grill Appoints Leo Madrigal as Chief Executive Chef

Z'Tejas Southwestern Grill reported the return of chef, Leo Madrigal, one of Z'Tejas' original executive chefs, as the new Chief Executive Chef. Prior to returning to Z'Tejas, Chef Leo acted as a consultant and helped with other restaurant concepts including opening the Hoody Burger Bar in Dallas and Salty Sow Restaurants in Austin and Phoenix. He will be based in Scottsdale, Arizona.

Amended Asset Purchase Agreement Filed by Z'Tejas Scottsdale, LLC

Z'Tejas Scottsdale, LLC filed an amended asset purchase agreement in the US Bankruptcy Court for the sale of substantially all of the assets of Z'Tejas Scottsdale LLC on September 29, 2015. As per agreement filed, Cornbread Ventures, LP, has been appointed as the stalking horse bidder with a purchase price which consists of a credit bid in the amount of $1.13 million, cash in the amount of $2.64 million plus the assumption of certain liabilities as per the agreement dated September 27, 2015. All interested parties will make a good faith cash deposit of $0.28 million.

Motion for Asset Sale Approved for Z'Tejas Scottsdale, LLC

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Z'Tejas Scottsdale LLC on September 29, 2015. The debtor has been authorized to sell substantially all its assets to Cornbread Ventures, LP, the stalking horse bidder for a purchase price which of consists of a credit bid in the amount of $1.13 million, cash in the amount of $2.64 million plus the assumption of certain liabilities as per the agreement dated September 27, 2015.

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Date
Target
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