Tijuana Flats Files for Chapter 11 Bankruptcy, Closes 11 Locations
New ownership group Flatheads LLC aims to revitalize the Tex-Mex chain amidst financial restructuring.
- Tijuana Flats, a Central Florida-based Tex-Mex restaurant chain, has been acquired by Flatheads LLC and filed for Chapter 11 bankruptcy.
- The bankruptcy filing and acquisition are part of a strategic review initiated in November 2023 to explore options including a potential sale.
- 11 Tijuana Flats locations, including three in Tampa Bay, have been closed due to financial performance and market conditions.
- Despite the closures, the company plans to support its franchisees and continue operations at its remaining locations.
- CEO Joe Christina, who joined the company in November 2022, will continue to lead Tijuana Flats under the new ownership.