#32: On the Border
How Many Stores Closing: ~77
Current Value of the Business: N/A
On the Border Mexican Grill & Cantina has announced plans to close approximately 77 restaurants nationwide following a Chapter 11 bankruptcy filing. The closures represent a significant reduction of the casual dining chain’s footprint as it works to restructure operations and reduce debt.

Company filings indicate the closures are focused on underperforming locations with high operating costs and declining traffic. On the Border plans to continue operating a smaller number of restaurants in stronger markets while prioritizing cost controls and operational efficiency.
