Sacramento-Based Restaurant Chain Pete's Files for Bankruptcy

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JIB Foods Inc., doing business as Pete's Restaurant & Brewhouse, a Sacramento-based restaurant chain established in 1987, has filed for Chapter 11 bankruptcy. The chain, which offers house-crafted beer alongside Italian fare and pub classics, has locations in Sacramento, Rocklin, Redding, Yuba City, Roseville, and El Dorado Hills, though the Roseville and El Dorado Hills locations have recently closed.

Why it matters

The bankruptcy filing highlights the ongoing challenges facing the restaurant industry, particularly smaller regional chains, as they navigate economic uncertainty, changing consumer preferences, and intense competition. Pete's closure is part of a broader trend of restaurant closures and consolidation in California and across the country.

The details

In court documents, Pete's Restaurant & Brewhouse estimated its number of creditors at under 50 and reported both its assets and liabilities at between roughly $1 million and $10 million. A debtor who files for Chapter 11 bankruptcy typically proposes a reorganization plan to keep the business alive and pay creditors over time.

• Pete's Restaurant & Brewhouse filed for Chapter 11 bankruptcy on February 4, 2026.
• A creditors' meeting is set for March 13, 2026 in the Pete's Restaurant & Brewhouse bankruptcy case.

What’s next

A reorganization plan will be proposed to keep the business alive and pay creditors over time.