When a restaurant chain files Chapter 11 bankruptcy or suddenly closes dozens of locations, it tends to be a major news story. Red Lobster and Hooters’ struggles, for example, have been incredibly well documented across the news media and the internet.
Some chains, however, suffer a slow demise, and those situations tend to stay off the media radar. Local news covers individual shutdowns, but the overall arc of a chain going from a growth story into a slow death spiral often gets missed.
That’s what has happened with Acapulco Restaurant & Cantina, a once-thriving chain…