Rubio's Coastal Grill, known for its Baja-style cuisine, has struggled since 2017, culminating in two Chapter 11 bankruptcy filings in five years. The first occurred in 2020 due to COVID-19's impact, leading to the closure of 26 locations and exits from Florida and Colorado. In June 2024, it declared bankruptcy again after closing a third of its remaining sites, primarily in California. The company aims to facilitate a sale during this second filing amid a challenging economic landscape and an inability to manage its debt burden. Today, Rubio's has 83 locations in California, Arizona, and Nevada, predominantly in Southern California.
Rubio's Coastal Grill has faced significant decline since 2017, filing for Chapter 11 bankruptcy twice, with a challenging economic environment impacting its operations in California.
The chain closed 26 restaurants during its first bankruptcy filing in 2020 and a third of its remaining restaurants prior to its second filing in June 2024.
Rubio's currently operates 83 locations across California, Arizona, and Nevada, with the majority found in Southern California along the coastal regions.
Despite efforts to stabilize the company, Rubio's faces ongoing challenges due to high operating costs and increased debt burdens affecting its financial viability.
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