{"id":8048,"date":"2025-04-20T23:36:00","date_gmt":"2025-04-20T23:36:00","guid":{"rendered":"https:\/\/xstorynews.com\/?p=8048"},"modified":"2025-04-20T23:36:00","modified_gmt":"2025-04-20T23:36:00","slug":"dozens-of-burger-king-locations-shut-down-due-to-bankruptcy","status":"publish","type":"post","link":"https:\/\/xstorynews.com\/?p=8048","title":{"rendered":"Dozens Of Burger King Locations Shut Down Due To Bankruptcy"},"content":{"rendered":"

One of Burger King\u2019s largest franchisees, Consolidated Burger Holdings, has shut down 57 locations throughout Georgia and Florida after filing for Chapter 11 bankruptcy on April 14.According to USA Today<\/a><\/em>, the franchisee, which operates out of Destin, Florida, began having financial concerns during the COVID-19 pandemic.<\/p>\n

\"Burger<\/div>\n

\u201c\u2026 The Debtors\u2019 business suffered significantly from loss of foot traffic, resulting in declining revenue without proportionate decreases in rental obligations, debt service, and other liabilities,\u201d it wrote in a filing.<\/p>\n

The company wasn\u2019t able to rebound during the years that followed due to \u201crecent increases in costs of shipping and food, decreased availability of labor, and inflation,\u201d chief restructuring officer Joseph Luzinski said, per the New York Post<\/a><\/em>.<\/p>\n

57 Burger King Locations In Georgia And Florida Shut Down<\/h3>\n

Consolidated Burger Holdings\u2019 sales and losses worsened over the past two fiscal years, which forced the bankruptcy and Burger King closures. In 2023, the franchisee reported sales of $76.6 million and an operating loss of $6.3 million. The following year, it dropped to $67 million in sales with an operating loss of $12.5 million.<\/p>\n

Burger Kings in Tallahassee, West Palm Beach, and Naples, Florida, as well as multiple locations in Valdosta, Georgia, are among those that have closed.<\/p>\n

The company owes nearly $37 million to creditors and is hoping to sell all its assets during a court-supervised process.<\/p>\n

This story\u2019s featured image is by\u00a0almo Creative<\/a> via Shutterstock. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

One of Burger King\u2019s largest franchisees, Consolidated Burger Holdings, has shut down 57 locations throughout Georgia and Florida after filing for Chapter 11 bankruptcy on April 14.According… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8048","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"a3_pvc":{"activated":false,"total_views":0,"today_views":0},"yoast_head":"\nDozens Of Burger King Locations Shut Down Due To Bankruptcy - X Story News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/xstorynews.com\/?p=8048\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dozens Of Burger King Locations Shut Down Due To Bankruptcy - 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