Well, that was a close one. After recent reports that a pizza chain with 22 locations in Illinois was nearing bankruptcy, they suddenly appear to be saved by a sale at the last possible moment.
It was just days ago when I shared the news that a pizza brand with 22 locations in the Land of Lincoln was exploring bankruptcy options. Now, it appears they have been saved by a last-minute deal with another brand. The Nation’s Restaurant News is now reporting that Mod Pizza has agreed to a sale to the Elite Restaurant Group.
This is great news for Illinoisans who enjoy Mod Pizza as these locations will now apparently retain their services: Algonquin, Bloomingdale, Bolingbrook, Buffalo Grove, Carbondale, Downers Grove, Edwardsville, Elgin, Evanston, Gurnee, Kildeer, Machesney Park, Mount Prospect, Naperville, New Lenox, Rockford, Schaumburg, St. Charles, Vernon Hills, Waukegan, and Willowbrook.
According to Nation’s Restaurant News, the Elite Restaurant Group recognizes the inherent value this represents and looks forward to helping MOD write the next chapter in its history. Let’s hope that means not closing Illinois locations and helping them figure out how to make this pizza place with a big footprint here into a growing brand again.
The last-minute rescue has not only relieved employees and customers but also ensured that the communities these pizza places serve will continue to enjoy their favorite pizza. For now, it looks like Illinois’ Mod Pizza fans can breathe a sigh of relief and look forward to more delicious slices in the future.
The Elite Restaurant Group, known for revitalizing struggling restaurant brands, saw potential in Mod Pizza’s Illinois operations and acted swiftly to prevent the bankruptcy. This strategic move highlights the Group’s commitment to preserving popular dining spots and turning them into profitable ventures.
This acquisition could also mean potential improvements and innovations for Mod Pizza’s Illinois locations. Customers might see new menu items, upgraded services, or even expansion in the near future, ensuring that the brand not only survives but thrives.
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In conclusion, the last-minute sale of Mod Pizza to Elite Restaurant Group has been a significant development, averting a crisis that could have affected numerous employees and loyal customers across Illinois. The future now looks brighter for this beloved pizza chain, promising continued service and possibly exciting new changes under the new ownership.
