Viva Brazil on Bennetts Hill, Birmingham, has closed suddenly after 14 months in operation.
The restaurant, which cost £1.2m to develop, opened in May 2016 within a Grade II-listed building.
The Viva Brazil group entered administration in February and was bought out by founder Andy Aldrich.
The brand has sites in Liverpool, Glasgow and Cardiff. It launched in Newcastle in 2015, but closed a year later. Its site in Aberdeen closed in January 2015 after seven months.
Aldrich said: "It is with deep regret that we close the Birmingham site. All of the staff have been given the option to transfer to alternative sites within the group with immediate effect.
"I would like to thank customers who dined with us over the last 15 months since we opened. I understand that news of a new concept in our Bennetts Hill location will be announced in the coming days."
Restaurant manager Odu Bamgbose trained at TGI Friday's. He initially expressed plans for the restaurant to sky-rocket in the first three months, however part of the restaurant was closed for refurbishment after three weeks of opening.
Viva Brazil is the third major restaurant closure in Birmingham in recent weeks, including Two Kats Kitchen on Warstone Lane and Annexe on Corporation Street.
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