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Bugaboo Creek Steak Houses go for $10.1MBugaboo Creek Steak Houses go for $10.1M

Parent CB Holding sells 12 Bugaboo units, gets approval for Charlie Brown’s auction

Ron Ruggless, Senior Editor

March 12, 2011

1 Min Read
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Ron Ruggless

A bankruptcy court judge on Friday approved the auction sale of CB Holding Corp.’s 12 remaining Bugaboo Creek Steak House units for $10.1 million to RRGK LLC.

RRGK, a company founded by the owners of Qdoba franchisee Capitol Q Restaurants LLC, bid for the Bugaboo units in Delaware, Maine, Maryland, Massachusetts and New Hampshire after CB Holding filed for bankruptcy and closed about 18 Bugaboo Creeks in November.

Landry’s Restaurants Inc. had started the auction for the units with a $3 million bid. The RRGK deal is expected to close by April 21.

CB Holding, looking to shed all its properties, sold its seven Office Beer Bar & Grill locations to Villa Enterprises Ltd. for nearly $4.7 million in January.

The bankruptcy court also t...

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About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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