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Published on 2/1/2008 in the Prospect News Distressed Debt Daily.

Avado Brands completes $1.2 million sale of seven Don Pablo's Mexican Restaurants

By Caroline Salls

Pittsburgh, Feb. 1 - Avado Brands, Inc. has completed the $1.2 million sale of the leases and related assets of seven Don Pablo's Mexican Restaurants to Buffalo Wild Wings, Inc., according to a Buffalo Wild Wings news release.

As previously reported, the seven Don Pablo's Mexican Restaurants are located in Rockford, Ill.; Eagan, Minn.; Rochester, N.Y.; Cincinnati; Chesapeake, Va.; Ft. Worth, Texas; and Mesquite, Texas.

The locations will be renovated into Buffalo Wild Wings Grill & Bar restaurants, and Buffalo Wild Wings said it expects the restaurants to reopen in the third quarter of 2008.

Avado, a Madison, Ga. restaurant company, filed for bankruptcy on Sept. 5 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 07-11276.


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