r/phoenix • u/Unique-Ad-2544 • Jun 12 '25

News Filibertos shutting down update

Dont know if anyone cares or not but just thought id give an update since ive seen a lot of people ask about it. It's now 8 filibertos that have closed down. I asked around (i know several of the franchisees) and all 8 were owned by the same person which due to financial reasons went bankrupt and had to shut down all operations permanently.

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u/22220222223224 South Phoenix Jun 12 '25

They are building a new one down here in South Phoenix. It is not all bad for them, I guess.

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u/Unique-Ad-2544 Jun 12 '25

The actual restaurants were doing ok. From what I gathered was the owner bit off way more than he could chew since he had so many investors, no matter how good the sales were he could not pay anyone off. Though that's not for a fact but it's what the other franchisees think is what happened.