San Diego-founded Rubio’s Coastal Grill has filed for Chapter 11 bankruptcy days after announcing they've closed 13 locations in San Diego.
Rubio’s Coastal Grill has filed for Chapter 11 bankruptcy days after announcing they've closed 13 locations in San Diego .
"Like the restaurant industry overall, Rubio's has been negatively affected over the past few years by diminishing in-store traffic attributable to work-from-home practices remaining in place, and by rising food and utility costs that, combined with significant increases to the minimum wage in California, put pressure on a number of its locations," Rubio's said in a release.
Co-founder Ralph Rubio will continue with the company and will provide"his usual inspiration and energy going forward," the company said.Rubio's said that daily operations at its remaining 86 Rubio's restaurants in California, Arizona and Nevada will continue with business as usual. On June 1, Rubio's closed 48"underperforming" locations in California which included 13 in San Diego, 24 in Los Angeles and 11 in northern California.
Rubio's Coastal Grill cited the rising cost of doing business in California as one of the reasons for the closures, such as this shuttered location on Clairemont Mesa Boulevard in San Diego. “The initial thought that came to mind was that they are going to really be hit hard by this increase in the minimum wage for fast food workers from $16 per hour to $20 per hour but there are some other issues as well that Rubio’s is facing. They’ve been having financial difficulties for a long time.
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