Burger King franchisee with 57 locations in Florida and Georgia files for bankruptcy
- Consolidated Burger Holdings, operating 57 Burger King restaurants, filed for Chapter 11 on April 14 in Florida.
- The franchisee faced financial problems due to declining revenue and high rental costs, as stated in court documents.
- The operator's locations span Florida and Georgia, including some within Walmart stores, according to Monday's filings.
- Consolidated Burger's fiscal year 2024 sales reached $67 million, with a $6.3 million net operating loss, court documents show.
- The company seeks to sell its assets and continue operations during bankruptcy, amid Burger King's brand revitalization efforts.
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National home goods chain considering bankruptcy
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Recent Central Florida bankruptcies
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Major Burger King franchisee files for Chapter 11 bankruptcy after closing 18 restaurants in Florida and Georgia
A major Burger King franchisee with dozens of locations has filed for Chapter 11 bankruptcy. Consolidated Burger Holdings, based in Destin, Florida, filed the court documents this week in the U.S. Bankruptcy Court for the Northern District of Florida. The franchisee now operates 57 Burger King restaurants in Florida and Georgia, after it reportedly closed 18 locations before its Chapter 11 filing. “Over the past several years, and particularly a…
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