49-year-old favorite pizza chain files for Chapter 11 bankruptcy

The pizza restaurant industry is one of the most competitive dining industries in the United States; The two pizza giants are among the Top 8 of all fast-food chains by location in 2025.

With 7,014 stores, Domino’s ranks sixth behind Subway (19,502), Starbucks (16,935), McDonald’s (13,559), Dunkin’ (9,768) and Taco Bell (7,604). According to QSR Magazine, Pizza Hut has the eighth most locations with 6,557 stores, behind #7 Burger King (6,701). 2025 QSR 50 It was published in August.

• Subway, 19,502

• Starbucks, 16,935

• McDonald’s, 13,559

• Dunkin’, 9,768

• Taco Bell, 7,604

• Domino’s, 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 release.

“I think the appetite of franchisees continues to be very strong, so the visibility of the sales pipeline this year is obviously a little bit better than last year and we’re pretty confident about the 175 stores we talked about for this year.” Domino’s Chief Financial Officer Sandeep Reddy said on the earnings call.

Pizza restaurants have faced serious economic headwinds this year; Many chains have faced fierce competition, as well as rising labor and food costs and high rent rates, requiring many companies to initiate out-of-court restructurings, closing locations and, in some cases, filing for bankruptcy.

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

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

Smaller pizza restaurant chains often file for Chapter 11 bankruptcy protection when facing economic difficulties.

Small pizza chains set to file for Chapter 11 bankruptcy in 2025 include Zeppe’s Tavern, with 13 locations, due 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 by 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 downsizing to 14 locations and has since shrunk to nine Arizona locations, two each in Phoenix, Scottsdale and Glendale, and two in Chandler, Gilbert and Mesa, according to its website as of Oct. 26, 2025.

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The company did not give specific reasons why it filed for bankruptcy last year.

And now another popular Arizona-based pizza chain has filed for Chapter 11 bankruptcy without providing any reason for filing.

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

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

The debtor did not state in his petition why he was filing for bankruptcy.

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

Chief Judge Eddward P. Ballinger signed an order Oct. 24 dismissing Streets of New York’s Chapter 11 case due to missing documents. Ignorance and PacerMonitor.

Streets of New York will have to re-file its bankruptcy petition if it wants to proceed with the case. The debtor was not immediately available for comment.

Founded in 1976, the family-owned pizza chain operates 16 locations, including 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 parmigiana, spaghetti and meatballs.

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

• New York style pizzas

• Calzones

• lasagna

• Baked ziti

• cheese ravioli

• Chicken parmigiana

• Spaghetti

• Meatball

• sub sandwiches

• soups

• salads

• appetizers

• sweets

Related: Major auto lenders’ filings for Chapter 11 bankruptcy

This story was first reported by: Street He first appeared in the Restaurant episode on October 26, 2025. Add TheStreet at: Preferred Source by clicking here.