Johnny Carrabba Net Worth
Known as a neighborhood family guy, Johnny Carrabba has been in the business of feeding people for decades. He owns two restaurants in Houston. One is located on Kirby Drive, which is referred to as Johnny Carrabba’s. The other is on Voss Road. This restaurant has been open for thirty-five years and has been a staple in the community.
Throughout the last three decades, Johnny Carrabba’s name has become synonymous with Italian-American cuisine. The chain has eateries in the United States, Canada, and Brazil. There are currently 250 locations nationwide. The company is owned by Bloomin’ Brands, which also owns Outback Steakhouse. In addition to the 250 locations, there are a number of smaller, family-operated locations that are also part of the Carrabba’s family. The company’s name means “carrabba” in Italian and means CIGI in English.
The first restaurant to open with the Carrabba name was the Original Carrabba’s on Kirby Drive. This restaurant opened in 1986 and draws a huge crowd each day. The second location was opened on South Voss Road in 1988. In 1993, Carrabba’s Italian Grill entered into a joint venture with Outback Steakhouse, Inc. (OSI), which later became Bloomin’ Brands. In 2007, OSI and CIGI sold the Royalty Interest to CIGI for $2 million. The company’s Royalty Interest includes 111 shares of Class B Non-Voting common stock in each of CI and CWI. CIGI has an option to purchase the entire Royalty Interest owned by MBI. If MBI files for bankruptcy, the Royalty Interest will be transferred to CIGI.
Another of the family’s restaurants is Mia’s. This restaurant serves the greater Houston area, including Webster, Katy, and Shenandoah. In 2012, the restaurant began serving a fast-casual version of its menu. Earlier this year, the Carrabbas purchased the Common Bond Cafe & Bakery, a bakery located in the River Oaks district of Houston.
Carrabba is also the founder and lead singer of the rock group Dashboard Confessionals. He was 15 when he got his first guitar. He played in a band while he was in high school and attended Florida Atlantic University. He was the guitarist for the band Further Seemed Forever until 2003, when he joined the band Dashboard Confessionals. He has a net worth of $16 million. He has released a solo album called Covered in Flood.
In addition to the restaurants that he owns, he also oversees the family’s namesake restaurant. The house that Carrabba lives in is about 13,836 square feet and sits on about two acres. It is a European-style mansion that features marble countertops, a vaulted brick ceiling, a summer kitchen, an outdoor sound system, and a 1,000-bottle wine cellar.
He recently married Randi Smith. They are expecting their first child. They are planning on building a new home. Besides running Carrabba’s, the couple are interested in building a house in the Houston area. They also have a daughter, Mia, who is still in college.
The Carrabba family has been in the restaurant business for decades. As a founding board member of the Upper Kirby Management District, Carrabba helped revitalize the district. He also helped construct a multi-level parking lot across the street from his restaurant. He was recognized with the Game Changer Award by the Upper Kirby Management District.
