Favorite 49-Year-Old Pizza Chain Files for Chapter 11 Bankruptcy

Favorite 49-Year-Old Pizza Chain Files for Chapter 11 Bankruptcy
Favorite 49-Year-Old Pizza Chain Files for Chapter 11 Bankruptcy

The pizza industry is one of the most competitive restaurant sectors in the US, with two pizza giants ranked among the top 8 fast food chains based on location in 2025.

Domino’s had the sixth-most locations with 7,014, behind Subway (19,502), Starbucks (16,935), McDonald’s (13,559), Dunkin’ (9,768) and Taco Bell (7,604). Pizza Hut ranked eighth for most locations with 6,557, behind seventh-most Burger King (6,701), according to QSR magazine’s QSR 50 2025 published in August.

  • Metro, 19,502

  • Starbucks, 16,935

  • McDonald’s, 13,559

  • Dunkin’, 9,768

  • Taco Bell, 7,604

  • Dominoes, 7,014

  • Burger King, 6,701

  • Pizza Hut, 6,557

Domino’s expects to continue its dominance and add a total of 175 new franchise units, according to its third-quarter 2025 earnings call.

“I think franchisee appetite is still very strong, so the pipeline visibility this year, frankly, is a little bit better than last year at the same time, and we’re very confident in the 175 stores that we’re talking about for this year,” Domino’s CFO Sandeep Reddy said on the earnings conference call.

Pizzerias have faced severe economic difficulties this year, as several chains have faced fierce competition, as well as rising labor and food costs and high rental rates that forced several companies to launch out-of-court restructurings, close locations and, in some cases, file for bankruptcy.

The Seattle-based Mod Pizza chain had about 500 locations as of 2024 and closed 27 stores before the company was sold to Chatsworth, California-based Elite Restaurant Group. The company has continued to close locations in 2025 and currently lists 450 stores on its website.

Franchisees of major pizza chains have faced financial difficulties and filed for bankruptcy, including Domino’s operator People First Pizza Inc., which filed Chapter 11 on March 26, 2025, and Little Caesars franchisee Red Door Pizza LLC, which filed on July 15, 2025.

Smaller pizza chains often file for Chapter 11 bankruptcy protection when they face financial difficulties.

Among the small pizza chains that filed for Chapter 11 bankruptcy in 2025 were Zeppe’s Tavern, with 13 locations, on March 31, 2025; and Bertucci’s Restaurants with 15 locations on April 24, 2025.

Fired Pie, a Phoenix-based pizza chain, launched in 2013 and grew to 20 locations in 2019 before the Covid pandemic hit the restaurant industry in 2020 and the company began closing stores.

Fired Pie filed for Chapter 11 bankruptcy on Nov. 13, 2024, after shrinking to 14 locations and has since downsized to nine locations in Arizona, with two each in Phoenix, Scottsdale and Glendale, and once each in Chandler, Gilbert and Mesa, according to its website on Oct. 26, 2025.

More bankruptcies:

The company did not indicate specific reasons for filing for bankruptcy last year.

And now, another popular Arizona-based pizza chain has filed for Chapter 11 bankruptcy without stating a reason for doing so.

<em>The pizza chain Streets of New York Inc. filed for Chapter 11 protection.</em>Image source: Shutterstock” loading=”lazy” height=”540″ width=”960″ class=”yf-1gfnohs loader”/></div>
</div><figcaption class=The pizza chain Streets of New York Inc. filed for Chapter 11 protection.Image source: Shutterstock

Streets of New York Inc., which has been the official pizza of the Arizona Diamondbacks and Phoenix Suns, filed for Chapter 11 bankruptcy to reorganize its business.

The Phoenix-based pizza chain filed its petition with the U.S. Bankruptcy Court for the District of Arizona on Oct. 16, listing between $100,000 and $1 million in assets and liabilities, according to Bankruptcy Observer.

The debtor did not state a specific reason for filing for bankruptcy in his petition.

However, on October 17 the bankruptcy court served a notice of deficiency to the debtor and the debtor’s attorney, revealing that all required documents had not been filed with the court.

Chief Judge Eddward P. Ballinger signed an order on October 24 dismissing Streets of New York’s Chapter 11 case due to missing documents, according to the filing reported by Inforuptcy and PacerMonitor.

Streets of New York will have to refile a bankruptcy petition if it wants to continue with the case. The debtor was not immediately available for comment.

The family-owned pizza chain, founded in 1976, operates 16 locations, 15 in Arizona and one in Las Vegas. The restaurant specializes in a variety of New York-style pizzas, calzones, lasagna, baked ziti, cheese ravioli, chicken parmesan, and spaghetti and meatballs.

Streets of New York also offers a variety of sandwiches, soups, salads, appetizers and desserts.

  • New York style pizzas

  • Breeches

  • lasagna

  • baked ziti

  • Cheese ravioli

  • Chicken parmesan

  • Spaghetti

  • meatballs

  • Sandwiches

  • soups

  • Salads

  • Appetizers

  • Desserts

Related: Major Auto Lenders File for Chapter 11 Bankruptcy

This story was originally reported by TheStreet on October 26, 2025, where it first appeared in the Restaurant section. Add TheStreet as a preferred source by clicking here.

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