Razzoo’s, the Cajun restaurant chain that started in Dallas in 1991 and filed for bankruptcy in 2025, has been purchased by North Texas company M Crowd.
M Crowd — which owns Mi Cocina, The Mercury and Vaqueros Texas Bar-B-Q — bid $18.8 million for Razzoo’s, according to documents from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.
The deal closed Dec. 29, 2025, after M Crowd purchased the Cajun restaurant chain’s $9.6 million in debt from First Horizon Bank weeks earlier. M Crowd was named the stalking horse bidder for Razzoo’s in December 2025.
The sale marks the first time Mi Cocina’s parent company has bought a chain like Razzoo’s, confirmed M Crowd president and CEO Edgar Guevara.
M Crowd was not looking to buy an existing restaurant group, Guevara confirmed, but Razzoo’s has “a lot of similarities” to the way Mi Cocina is run, he said.
“They have a loyal guest base and a strong brand identity,” Guevara said. Popular Razzoo’s menu items include its fried seafood baskets and stuffed shrimp. Crawfish boils offer a reason for fans to return to the restaurants in the February/March timeframe.
Razzoo’s filed for bankruptcy because of a decline in sales as diners shift their habits to “convenience, delivery and affordability,” said FSR in an October 2025 story about Razzoo’s bankruptcy filing. FSR noted tough competition from casual-dining competitors like Chili’s and Applebee’s.
Guevara said Razzoo’s is a neighborhood restaurant for cities like Cedar Hill, Mesquite and Arlington. He doesn’t want to see it compete with a brand like Chili’s.
“That’s not why the core Razzoo’s guest came,” he said. “Customers came because it’s fun, because of the ‘swamp’ thing and to get some alligator tail.”
His intention is keep the “fun” at Razzoo’s, but streamline operations by reassessing prices and portion sizes.
M Crowd was interested in Razzoo’s because it’s a “legendary brand in Dallas restaurants,” said Ray Washburne, one of the founders of M Crowd.
Both Mi Cocina and Razzoo’s were established in 1991, and both are D-FW born.
With the sale, Razzoo’s will move from Addison to M Crowd’s Carrollton headquarters.
What’s next for Razzoo’s restaurants
M Crowd now owns 11 Razzoo’s Cajun restaurants in Texas and North Carolina.
The company is closing nine Razzoo’s in Burleson, College Station, Far North Dallas (near Richardson), Garland, Irving, Lewisville, Lubbock, Spring and Tyler.
The Razzoo’s that will remain are “legacy restaurants” in their communities, Washburne said.
Razzoo’s restaurants staying open include one in Concord, N.C., three in Fort Worth, and those in Arlington, Cedar Hill, Harker Heights, McKinney, Mesquite, Round Rock and Stafford.
Of the estimated 1,000 employees at Razzoo’s, about 650 will remain, Guevara said. Managers at closed Razzoo’s restaurants will be eligible for open positions at Mi Cocina restaurants, he said.
Even as M Crowd adds Razzoo’s to its portfolio, Mi Cocina will remain the largest of the flock, with 22 Tex-Mex spots in Dallas-Fort Worth, and one in Tulsa.
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