FatDuck3
Nov 3, 8:10 PM
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❌A 61-unit Outback Steakhouse franchisee files for bankruptcy❌
➡️Also, 40-year-old fast-food franchisee files for Chapter 11 bankruptcy
The Checkers and Rally’s burger chain franchisee faces economic issues common in the industry
➡️In 2026 the filings are coming from the operators who run the restaurants under license: 26 filings by 21 operators so far, covering Popeyes, Applebee's, Subway, Denny's, Firehouse Subs, Farmer Boys, Hardee's, Carl's Jr., Wendy's, Domino's, Moe's, Checkers, Golden Corral, Long John Silver's, Woody's Bar-B-Q, Mountain Mike's Pizza, Island Wing Co., Village Inn & Dave's Hot Chicken.
➡️The cases also show more of why: lenders pushing operators into court, & the largest filer, Meritage Hospitality, closing Wendy's in weekly rounds. Nation's Restaurant News reported that Meritage is in "a round of up to 60 closures expected to take place in groups through mid-November."
https://finance.yahoo.com/small-business/articles/61-unit-outback-steakhouse-franchisee-160737581.html
https://www.thestreet.com/restaurants/checkers-and-rallys-franchisee-files-for-chapter-11-bankruptcy?utm_source=chatgpt.com
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