Abuelo’s turned a $1.4 million profit in November, according to the most recent monthly financial report in bankruptcy court, and late last month a judge granted the company more time to work on its Chapter 11 bankruptcy plan.
The Lubbock-based national restaurant chain filed for reorganizational bankruptcy on September 2 amid rising costs and “consumer weakness,” which LubbockLights.com covered here.
At one time, Abuelo’s had nearly 40 locations in 13 states. Immediately prior to filing, the Mexican casual dining chain had 16 restaurants in seven states, according to court records…