Sailormen Inc.

Wendy's franchisee Meritage Hospitality Group files for bankruptcy amid 18.9% beef cost increase

This is from the weekly restaurant finance newsletter The Bottom Line.

- Quick Service - Franchising - Finance - News Bankrupt Popeyes franchisee sues firm after deal collapse Sailormen seeks to keep RFI Ventures' deposit as liquidated damages after t

Superior Star and Sailormen filings underscore the financial volatility facing large-scale franchisees dealing with undisclosed liabilities and high maintenance costs.

Taco Bell, a franchisee, and its produce supplier face multiple negligence and fraud lawsuits following a widespread Cyclospora outbreak linked to contaminated lettuce.

SBH Foods PLK is set to acquire 23 Popeyes locations in Orlando for $2.7 million following the bankruptcy of the 136-unit franchisee Sailormen.

At least 10 multi-unit restaurant franchisees have filed for bankruptcy this year.

A bankrupt Popeyes franchisee is divesting 97 units in Florida, while Raising Cane’s marks a milestone with its first airport location at Dallas Fort Worth International Airport.

Following the bankruptcy of Sailormen Inc., five buyers including Pulse Restaurant Group acquired nearly 100 units across Florida and Georgia for approximately $16.5 million.

Jersey Mike’s Subs debuted in the American Customer Satisfaction Index with an industry-leading score of 84, ending Chick-fil-A’s eleven-year streak at the top of the rankings.

A federal judge approved the divestiture of 97 Florida and Georgia locations across five different buyers following the Chapter 11 filing of a major franchisee.

Sailormen Inc. has received court approval to sell 97 Florida-based Popeyes locations to several buyers, including the brand’s corporate parent and an affiliate of the CEO.