Overview

• Consolidated Burger Holdings filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Florida.
• The franchisee operates 57 Burger King locations after closing 18 restaurants prior to the filing.
• Court documents reveal $36.64 million in debt, $78 million in assets, and significant operating losses in 2023 and 2024.
• The company attributed its financial struggles to pandemic-related foot traffic decline, inflation, and rising food, labor, and shipping costs.
• Burger King plans to transfer underperforming units to stronger franchisees as part of its broader operational strategy.