Bankrupt Meridian Sells 70 Burger Kings to Franchisor, Other ...

Oct 6, 2023 · Utah-based Meridian Restaurants Unlimited, at one time one of the largest Burger King franchisees, filed for bankruptcy March 2. According to court filings, Burger King bought …

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Burger King Wants A Bankrupt Franchisee To Put Its Restaurants Up …

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Jun 15, 2023 · As a franchisor, Burger King has a considerable say in the bankruptcy process. It is a substantial creditor. The company says it is owed $4.6 million, including $3.95 million in …

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Gone Out Of Business: These NJ Stores Claimed Bankruptcy In 2023

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Dec 29, 2023 · The fate of this pharmacy retail chain is still uncertain. The embattled company, which had 102 stores in New Jersey, declared bankruptcy in October, listing nearly $8.6 billion …

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Available Markets | Jack In The Box Franchise

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The estimated initial investment for a Jack in the Box Franchise is $1,810,600 - $4,207,500 excluding land, financing, and certain other costs. We provide a breakdown of this number in …

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FAQs about Bankrupt Meridian Sells 70 Burger Kings to Franchisor, Other ... Coupon?

How many restaurants did Burger King buy in Meridian?

Burger King corporate bought 32 restaurants from Meridian's portfolio. A Missouri-based franchisee purchased 16, a Louisiana-based group bought 12, Arizona-based franchisees bought 12, and an Idaho-based group bought three. No acceptable qualified bids were found for the remaining restaurants. ...

Does Meridian Restaurants Unlimited have a Burger King franchise?

Franchisee Meridian Restaurants Unlimited is closing 27 Burger King locations in the US. The closures mainly impact stores in Utah and Minnesota, but are spread across seven states. Another Burger King franchisee, EYM King of Michigan said it will close 26 locations last month. ...

Is Meridian restaurants in bankruptcy?

Its other restaurant franchises, such as the Black Bear Diner, are not included in its bankruptcy case. Based on its court filings, Meridian Restaurants stated it bought Burger King stores with lower-than-average sales, thinking it could make their results better. ...

Who is buying Burger King restaurants out of bankruptcy?

Several different buyers are acquiring Burger King restaurants out of bankruptcy after winning an auction for the assets of large franchisee Meridian Restaurants Unlimited earlier this month. But the biggest buyer is, apparently, Burger King itself. ...

Is Meridian restaurants selling 67 of its 91 restaurants?

By Jonathan Maze on Sep. 27, 2023 Meridian Restaurants is selling 67 of its 91 restaurants following an auction. | Photo: Shutterstock. Several different buyers are acquiring Burger King restaurants out of bankruptcy after winning an auction for the assets of large franchisee Meridian Restaurants Unlimited earlier this month. ...

Will meridian close more Burger King locations?

Meridian said in court filing that while it is unlikely it will close a significant amount of its Burger King locations, it is leaving open the possibility of more closures in the future, Restaurant Business first reported. The Burger King operator filed for bankruptcy in March because of low sales and high inflation, among other factors. ...