Salad and Go Files for Bankruptcy, to Close All Restaurants
Salad and Go's bankruptcy and closure offer key lessons on growth, risk management, and market dynamics for restaurant leaders. See what every operator can learn.
Aug 5, 2026
Salad and Go's bankruptcy and closure offer key lessons on growth, risk management, and market dynamics for restaurant leaders. See what every operator can learn.
Aug 5, 2026
Portillo’s announces industry veteran Kevin Kalicak as its new CFO and Treasurer, underscoring the brand’s growth strategy and financial vision.
Aug 5, 2026
Skye Anderson will lead McDonald's USA as its new president, stepping in to accelerate growth and revive sales. Learn how her leadership could shape the future of the restaurant industry.
Aug 4, 2026
Explore restaurant payment processing and learn how payments are authorized, settled, secured, reconciled, refunded, disputed, and deposited into business accounts.
Aug 3, 2026
Checkers & Rally’s welcomes Peter Busse as Chief Development Officer, signaling a new era of strategic expansion and franchise support for the quick-service brand.
Aug 4, 2026
Fast-growing chain HTeaO names franchise veteran Brian Wise as CEO, fueling the brand’s ambitious growth plans and franchisee-first strategy.
Aug 4, 2026
Dave & Buster’s announces Tarun Lal’s retirement as CEO, welcoming Darin Harper to the helm as the brand continues its Back-to-Basics strategy and growth initiatives.
Aug 4, 2026
Domino's launches a bold campaign offering $5 off digital orders in exchange for customer feedback on its revamped app and website - signaling a new era of guest engagement for restaurant operators.
Aug 3, 2026
Krispy Kreme announces two key internal promotions, naming Suk Nicholas as Chief Commercial Officer and Lori Suess as Chief People Officer. These appointments signal a continued commitment to innovative growth and people-first strategy.
Aug 3, 2026
Restaurant owners can use this guide to evaluate employee benefits, estimate expenses, define eligibility, manage enrollment, and strengthen staff retention.
Aug 3, 2026
Explore the journey of On the Border restaurant chain from its growth in the 1990s to its recent bankruptcy filing, revealing the challenges faced in the competitive restaurant industry.


On the Border, a renowned Mexican food chain, embarked on its journey in 1982 in Dallas, Texas. With a menu featuring mesquite-grilled fajitas, margaritas, and endless chips and salsa, the restaurant quickly gained popularity. Expanding both domestically and internationally, the chain caught the attention of Brinker International, which acquired On the Border in 1994. By 2001, the brand boasted 100 locations in the US and later ventured into the South Korean market in 2007 through franchising partnerships.

The trajectory of On the Border took a turn in 2010 when Brinker International sold the 160-unit chain to Golden Gate Capital. Subsequent ownership transfers in 2014 to Border Holdings, linked to Argonne Capital Group, marked another chapter in the brand's history. In the midst of these transitions, Utz's acquisition of the rights to manufacture chips and dips under the On the Border brand in 2020 added another layer to the company's operations.

Despite its early success, On the Border faced challenges associated with macroeconomic factors impacting the restaurant industry. Rising menu prices outpacing grocery costs led to a decline in consumer dining out habits. Moreover, wage increases outstripping the company's ability to adjust prices added further strain on profit margins. Issues with workforce recruitment and retention further hampered operational efficiency, culminating in the closure of 40 underperforming locations in February 2021.
The financial strain on On the Border became evident with over $25 million spent on leases, with a significant portion allocated to underperforming locations. As the company grappled with liquidity challenges, it resorted to delaying vendor and rent payments to manage cash flow. This dire situation led to landlords and vendors taking drastic measures, including store closures and repossessions, exacerbating the operational hurdles. Consequently, the chain had to file for Chapter 11 bankruptcy to navigate its financial turmoil.
Looking ahead, On the Border aims to navigate its bankruptcy proceedings with the support of CrossFirst, its expected debtor-in-possession lender. By initiating a stalking horse asset purchase agreement and inviting competitive bids through a robust marketing process, the company seeks a path to financial recovery. As bidding procedures are set to commence in early April, the future of On the Border hinges on strategic restructuring and alignment with evolving market demands.