Let’s talk about it. Burger King and Popeyes file for bankruptcy. Yikes

Let’s talk about it. Burger King and Popeyes file for bankruptcy. Yikes

Burger King Franchisee Premier Kings Files for Bankruptcy

NOVEMBER 10, 2023

Dennis Limmer
Dennis Limmer
In an unexpected turn of events, Premier Kings Inc., a substantial franchisee of the multinational fast-food chain Burger King Corp., has officially filed for Chapter 11 bankruptcy protection. Hosting a total of 172 units across five states in the Southeast, Premier Kings found itself in this situation after a series of unfortunate incidents.

The Montgomery, Alabama-based franchisee, along with its affiliates, filed the bankruptcy petition on Oct. 26 in the U.S. Bankruptcy Court for the Northern District of Alabama. This move comes after a tragic loss for the company, as its sole manager and owner, Manraj “Patrick” Sidhu, unexpectedly passed away in May 2022.

David Baker, chief restructuring officer of Premier Kings, said the debtors are in an unenviable position, dealing with over 200 creditors. Additionally, they operate 172 Burger King franchise locations throughout Alabama, Florida, Georgia, South Carolina, and Tennessee.

POPEYES FRANCHISEE BANKRUPTCY POINTS AT POSSIBLE TREND IN RESTAURANT INDUSTRY
According to the experts, more franchisee bankruptcies can be expected in 2024, not just those belonging to Popeyes.

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