A nationwide fast-casual pizza chain is exploring a possible chapter submitting as the corporate seems for a purchaser, in line with a number of studies.MSN studies folks acquainted with MOD Pizza say the Seattle chain has employed authorized and monetary advisers to work on a potential sale of the enterprise or chapter submitting.“We’re working diligently to enhance our capital construction and are exploring all choices to take action. Since that is an ongoing course of, it might be inappropriate to take a position about an consequence,” a MOD consultant shared with Nation’s Restaurant Information in an announcement.The restaurant trade publication mentioned on the finish of 2023 MOD operated 553 areas, a 4.1% enhance over 2022. It additionally famous that up till lately the chain was doing nicely and grew gross sales by 5.7% final yr, to $699.2 million, in line with Technomic information.MOD was based in 2008 as a part of a wave of build-your-own pizza locations together with Blaze.Earlier this yr, MOD shut down greater than two dozen eating places in 11 states and the District of Columbia. It additionally appointed Beth Scott as its new CEO after cofounder Scott Svenson stepped down from the place after 15 years.The information comes as a number of restaurant chains together with Crimson Lobster and Tijuana Flats announce bankruptcies. Regionally, MOD operates in York, Lancaster and Lebanon counties.