Logan’s Roadhouse restaurants shed bankruptcy, vow ‘turnaround’

The parent company of Logan’s Roadhouse restaurants today announced it has emerged from bankruptcy and launched a turnaround effort that includes a revamped menu and a new marketing campaign.

The steakhouse chain operates two Dayton-area locations — in Troy and on Ohio 725 east of the Dayton Mall — although it shut down its Beavercreek restaurant near the Mall at Fairfield Commons in late September.

“We’re very proud of what the company has accomplished in a little over 90 days with the balance sheet restructuring and the operational turnaround,” Nishant Machado, a senior managing director at Mackinac Partners who is leading the turnaround effort at Logan’s, said in a release. “We have a committed management team and a unified vision for the company that returns Logan’s to its roots.

“The pieces are now in place for a very bright future for our guests, employees and investors.”

The chain’s turnaround strategy includes:

• a revised menu with a return to the restaurants’ most popular items, and a focus on streamlining operations to improve quality;

• a major marketing effort highlighting core favorites such as steaks, ribs and yeast rolls as well as the value Logan’s delivers to its customers;

• revised training programs with an emphasis on quality and hospitality.

Logan’s Roadhouse Inc. filed for reorganization bankruptcy in August. As part of the bankruptcy reorganization, Logan’s Roadhouse already has:

• restructured its balance to reduce its debt from approximately $400 million to just over $100 million, while significantly lowering its interest expenses; shut down 34 “underperforming” restaurants, leaving the chain with a portfolio of what it called “strong-performing restaurants;” and renegotiated leases and contracts resulting in over $4 million in annual savings.

Logan’s currently has 195 company-operated and 26 franchised restaurants in 20 states.

The chain closed its location at 2819 Centre Drive near Wright State University on Sept. 27. Employees were told high rent and the upcoming renegotiation of a lease was a factor in the decision to close the Beavercreek location.

But the following month, a spokesman for Logan’s vowed the Troy and Washington Twp. locations “will remain open serving diners.”

“Logan’s will remain a strong presence in Dayton,” Logan’s spokesman Jonathan Dedmon told this news outlet via email in mid-October.

>> RELATED: Logan’s Roadhouse vows to keep 2 Dayton-area restaurants open

>> RELATED: Logan’s Roadhouse shuts down its Beavercreek restaurant

>> RELATED: Logan’s Roadhouse restaurant chain files for bankruptcy

Reader Comments

Next Up in News

Group confirms Dayton in line to get music pavilion
Group confirms Dayton in line to get music pavilion
The word is out: Dayton is on track to become home to the eighth permanent Levitt pavilion.If there was still any question about the likelihood of...
Schools to focus on buildings’ future
The Troy City Schools are gearing up for a 2017 public discussion on how to deal with the district’s aging buildings.
Clark County agency seeks community input after cuts, changes
Clark County agency seeks community input after cuts, changes
A Clark County agency that has downsized following recent cuts and levy failures is now trying to determine how to move forward over the next few...
UD, Premier meet with county officials on fairground property
UD, Premier meet with county officials on fairground property
Montgomery County officials have met with Premier Health and the University of Dayton to discuss the future of the Montgomery County Fairgrounds and...
EPA orders to landfill set ‘legally-binding’ deadlines to address odors
The Ohio EPA’s orders for a Dayton landfill facing a lawsuit, a city investigation and hundreds of complaints from nearby communities involving odor...
More Stories

You have reached your limit of free articles this month.

Enjoy unlimited access to myDaytonDailyNews.com.

Starting at just 99¢ for 8 weeks.


  • ePAPER

You have read of free premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks.


Welcome to myDaytonDailyNews.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myDaytonDailyNews.com.