Major Pizza Chain on Brink of Bankruptcy, 500 Locations at Risk of Closing

This could spell trouble for the 500-plus Mod locations spread across the U.S. Stay tuned, because every one of them could be affected.

Insiders hint that “plans are not finalized and could still change.” It’s a nail-biter as the company teeters between major financial restructuring or possibly having to shut down altogether.

The chain’s struggle reflects a broader trend of financial pressures mounting within the restaurant industry.

They’ve since spread their wings to over 500 locations across 28 states, becoming a major player in the fast-casual dining game. 

This is a key battleground for the chain, especially now as they navigate these financial difficulties.

Home state Washington boasts 72 locations, Oregon has 32, and California supports 46. These key areas are crucial to Mod’s strategy and success in the American market.

Further showing ambition, the chain filed for an initial public offering in 2021, aiming to solidify its slice of the market.

This industry-wide trend spells trouble not just for Mod but for many in the fast-food arena.

Giants like Applebee’s and TGI Fridays, along with smaller chains like BurgerFi, have had to close locations. Economic pressures and changing dining habits are hitting everyone hard.

This massive shutdown signals deep troubles within the seafood dining sector, mirroring challenges across the industry.

This significant increase is part of larger economic shifts that are testing the survival of many restaurant operations.

A broader conflict threatens a further 129 locations across Illinois, Georgia, South Carolina, and Wisconsin, illustrating the fragile nature of the franchise model.