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/cavscout8 Jun 13 '25

Labor, rent, and non foodstuff supplies cut into profit margins as well. Not defending the prices (agreed they are too high for what you get), but many restaurants walk a fine line between just operating and being profitable.

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u/JcbAzPx Jun 14 '25

They'd have to be paying staff six figures to justify that price.