Romano’s Macaroni Grill filed for bankruptcy in 2017. Less than one year later, it spent $32 million to buy Sullivan’s Steakhouse.
This week’s edition of Restaurant Business’ podcast “A Deeper Dive” features Nishant Machado, the Macaroni Grill CEO who engineered the chain’s turnaround and has since executed its acquisition strategy.
The company is set up to continue acquiring smaller brands and turning them around.
Machado explains the company’s strategy behind how it was able to get Mac Grill into shape so quickly and what it’s doing with Sullivan’s. He also discusses why it makes sense for a chain like Macaroni Grill to be part of a multibrand operator.
Please have a listen.