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Pappas Restaurants said last year it saw “tremendous opportunity” with On The Border Mexican Grill & Cantina.
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Generally, the Mexican category is performing well with strong AUVs and newcomers entering the space.
A year after Pappas Restaurants bought On The Border Mexican Grill & Cantina out of bankruptcy, the franchisor filed for Chapter 7 liquidation.
OTB Hospitality, the franchisor of On The Border, closed all of its corporate restaurants this month and voluntarily filed for bankruptcy in Texas, the company announced.
Franchisee-operated On The Border locations remain open in Florida, Nevada, South Korea,…