Z’Tejas files for bankruptcy

Z’Tejas files for bankruptcy

Struggling nine-unit chain has a potential buyer

Z’Tejas Southwestern Grill, the Scottsdale, Ariz.-based chain of casual-dining restaurants, filed for bankruptcy this month and put its business up for sale, with at least one buyer willing to pay $3.7 million, according to court filings.

The nine-unit chain has reportedly been on the block for a year amid deteriorating financial results. The company had more than $9.3 million in debt and as of the filing last week had just $300,000 in cash on hand.

According to bankru

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