- As mentioned, Consolidated Burger Holdings, a large franchisee, filed for Chapter 11 bankruptcy. Its financial troubles stemmed from ongoing high costs, difficult operating conditions, and inability to keep up with maintenance and modernization demands. Some restaurants are being closed; others are being turned over to smaller operators who are willing to reinvest.
- Meanwhile, RBI’s purchase of Carrols Restaurant Group brought more than a thousand Burger Kings under its direct influence. That gives the parent company more control over which locations get renovated and which are sold or shuttered. The plan includes remodeling many of those locations.
What to Look for If You’re Curious What’s Coming to Your Town
If you want to see whether your nearby Burger King might be closing or getting a makeover, here are good indicators:
