Dave Shula Returns as President of Shula's Restaurant Group
Dave Shula rejoins Shula's Restaurant Group as president, leading growth into Palm Beach Gardens and a 2027 Thomasville, Georgia expansion.
Sep 23, 2026
Dave Shula rejoins Shula's Restaurant Group as president, leading growth into Palm Beach Gardens and a 2027 Thomasville, Georgia expansion.
Sep 23, 2026
McDonald's commits $8.5 billion through 2036 to modernize restaurants, boost cash flow by $100,000 per store, and grow chicken and beverage sales.
Sep 23, 2026
WKS Restaurant Group promotes Jay Spongberg to president and COO after he helped grow the company from 65 to 382 restaurants over 16 years.
Sep 23, 2026
Smokey Mo's BBQ names Von Dawson, a Dine Brands veteran, as VP of Franchise Development to lead its Texas expansion strategy.
Sep 23, 2026
Meritage Hospitality's Chapter 11 filing pulls 5% of Wendy's U.S. stores into bankruptcy, exposing cracks in franchising's bigger-is-safer bet.
Sep 21, 2026
Jack in the Box names Rachel Ruggeri to its board as Michael Murphy retires, amid a CEO transition and deal with investor GreenWood.
Sep 21, 2026
Improve restaurant Google Maps rankings by optimizing your business profile, selecting accurate categories, gathering reviews, adding photos, and strengthening local relevance signals.
Sep 21, 2026
Restaurant inventory tracking helps owners monitor stock, control food costs, reduce waste, improve purchasing, and make informed operational decisions.
Sep 21, 2026
Restaurant owners can significantly reduce restaurant costs by leveraging technology across inventory, labor, procurement, forecasting, and administrative operations for better profit margins.
Sep 18, 2026
Understand how to forecast restaurant revenue and expenses with methods for sales projection, cost scaling, fixed-cost planning, and risk buffering.
Sep 18, 2026
Unlock Exclusive Access To Webinars, Events, And The Latest News For Free!
Explore the financial challenges faced by Matadoor, a Del Taco franchisee, and how they navigated restructuring and bankruptcy.

Matadoor, a prominent Del Taco franchisee, recently faced significant financial challenges that ultimately led to the company's decision to file for Chapter 11 bankruptcy. The issues began when Newport Ventures, the previous owner of 18 Del Taco locations in Colorado, declared bankruptcy, prompting the closure of all restaurants in February. Del Taco subsequently took over the ownership of these units, reopening 17 locations in late June.

Del Taco, as a whole, has been grappling with declining same-store sales, with a notable decrease of 3.6% in fiscal Q2 2025. This decline was even more pronounced in franchised same-store sales, down by 4.2%, and company-owned units, which saw a 1.7% decrease. These challenges within the Del Taco network directly affected Matadoor, exacerbating its financial situation.

In an attempt to address its cash flow issues, Matadoor resorted to taking multiple merchant cash advance (MCA) loans. However, the terms of these loans, including high fees, effective interest rates, and aggressive payback schedules, deepened Matadoor's financial woes. The company ended up accumulating a total of approximately $2.7 million in loans from nine different creditors.

The inability of Matadoor to meet its MCA obligations resulted in creditors claiming an interest in the company's future sales and accounts receivable. Some creditors took legal action by filing UCC-1 financing statements, establishing priority over Matadoor's assets. As a last resort, facing mounting debts and operational constraints, Matadoor made the decision to file for Chapter 11 bankruptcy to halt collection efforts and initiate a reorganization process.

Matadoor's financial turmoil also had implications for its parent company, which owns Red Door Pizza, Red Door Sandwich, and Maverick Restaurant Group. These entities, operating various quick-service restaurant (QSR) brands such as Little Caesars, McAlister’s Deli, and Arby’s, followed suit by filing separate Chapter 11 bankruptcy petitions. The financial difficulties experienced by Matadoor directly influenced the decision-making within the parent company's portfolio of brands, highlighting the interconnectedness of the business's financial health.