Bankrupt franchisee with dozens of Burger King stores may shut down 21 restaurants despite finding a buyer ...Middle East

News by : (The U.S. Sun) -
A BANKRUPT Burger King franchisee has found new buyers to take on some of its stores, but the conglomerate may still have to shut down several stores. Meridian Restaurants Unlimited – a franchise owner that operated dozens of Burger King locations in nine states – was able to off-load multiple restaurants onto sellers. GettyA Burger King franchise declared bankruptcy in March[/caption] Meridian Restaurants declared bankruptcy in March after the brand said it struggled through poor sales and crippling inflationary costs. The company agreed to sell dozens of stores back to the company and to other franchise owners. Meridian entered the bankruptcy with 91 locations. Burger

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