Jeff Crivello, the former CEO of Famous Dave’s, plans to buy 10 Iron Hill Brewery & Restaurant locations, including one in Philadelphia, writes Emma Dooling for the Philadelphia Business Journal.
During a recent U.S. Bankruptcy Court hearing in New Jersey, Judge Jerrold N. Poslusny Jr. approved the sale of the regional chain’s assets and leases to Crivello as part of its ongoing Chapter 7 bankruptcy case.
Crivello will buy the assets and leases through the IH Restaurants entity for a credit bid of $12 million, payments for the liquor licenses for Delaware restaurants, and to cover liabilities of the 10 locations.
His plan is to either reopen the restaurants or convert them into new concepts.
“We’re working diligently with all the landlords to figure out how to get them reopened either as Iron Hill or as another brand as quickly as possible,” he said.
Crivello plans to acquire the Philadelphia location at 1150 Market Street as part of the ten-site purchase. The 8400 Germantown location is excluded from the deal and will go to auction from December 2 through December 4, along with eight other locations nationwide.
Read more about Iron Hill Brewery & Restaurant and its potential future in the Philadelphia Business Journal.
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Editor’s Note: This post first appeared on PHILADELPHIA Today in November 2025.
