Tex-Mex restaurant chain Matt's Rancho Martinez has closed two of its five restaurants, in Cedar Hill and Colleyville, as part of a reorganization to offset financial difficulties. The branches in Lakewood, Garland and Roanoke remain open.
"Matt's as a company and family business had to take drastic measures and make life-changing decisions," said owners Estella and Matt Martinez in an email, describing their financial situation as an "uphill climb."
Joaquin & Marco Inc., the chain's parent company, filed for Chapter 11 bankruptcy protection, describing sales as "sagging" at the two locations, and blamed the "protracted construction" of the Whole Foods Market in Colleyville.
"We are taking actions to regroup, reorganize, restructure and take a close hard look internally to resolve issues that determine whether we are a sustainable business," said the Martinez couple in their email. "Lakewood, Garland and Roanoke are still operating and healthy."