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Burger King franchise with 118 restaurants files for bankruptcy after accruing debts of $14million

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posted on Apr, 13 2023 @ 10:07 AM
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****Disclaimer the OP is in no way suggesting this means the economy is collapsing everywhere. The OP noticed their Burger King closed a while back and once it did the shopping center where the BK was, has lost a few stores and is beginning to look rundown and a bit sketchy. *****

Thats a lot of locations to close at once, regardless of how we feel about BK and thier food and service thats probably 1500 people out of work any way you cut it. In small-town America, those restaurants are the only place a teen can get a job.

I would imagine that would probably knock BK down a notch in the burger rankings too.

www.dailymail.co.uk...



Higher costs and wages had hurt the company looking to build back after Covid
Follows separate closure of 26 outlets this month, with 424 staff losing jobs
By JAMES REYNOLDS

PUBLISHED: 08:09 EDT, 13 April 2023 | UPDATED: 10:25 EDT, 13 April 2023

A Burger King franchise with more than 100 locations nationally will close locations across six states having reportedly racked up $14mn in debt.

Meridian Restaurants Unlimited filed for bankruptcy in March, struggling with rising food costs and poor sales.

Court filings previously revealed the company was closing 27 stores in Minnesota, Utah, Montana, Kansas, Nebraska and North Dakota.





posted on Apr, 13 2023 @ 10:11 AM
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originally posted by: putnam6
****Disclaimer the OP is in no way suggesting this means the economy is collapsing everywhere. The OP noticed their Burger King closed a while back and once it did the shopping center where the BK was, has lost a few stores and is beginning to look rundown and a bit sketchy. *****

Thats a lot of locations to close at once, regardless of how we feel about BK and thier food and service thats probably 1500 people out of work any way you cut it. In small-town America, those restaurants are the only place a teen can get a job.

I would imagine that would probably knock BK down a notch in the burger rankings too.

www.dailymail.co.uk...



Higher costs and wages had hurt the company looking to build back after Covid
Follows separate closure of 26 outlets this month, with 424 staff losing jobs
By JAMES REYNOLDS

PUBLISHED: 08:09 EDT, 13 April 2023 | UPDATED: 10:25 EDT, 13 April 2023

A Burger King franchise with more than 100 locations nationally will close locations across six states having reportedly racked up $14mn in debt.

Meridian Restaurants Unlimited filed for bankruptcy in March, struggling with rising food costs and poor sales.

Court filings previously revealed the company was closing 27 stores in Minnesota, Utah, Montana, Kansas, Nebraska and North Dakota.




The economy is collapsing though.



posted on Apr, 13 2023 @ 10:12 AM
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It's so expensive fast food, I see it sadly as a luxury now. It was anyway something we ate rarely, and now even more so.
Last time we went to BK it was $18 for two burgers/fries and drinks.

I can buy the ingredients and make it myself and have enough for 5 meals at least.
Super easy to make too.
edit on 13-4-2023 by ancientlight because: (no reason given)



posted on Apr, 13 2023 @ 10:16 AM
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originally posted by: SRPrime

originally posted by: putnam6
****Disclaimer the OP is in no way suggesting this means the economy is collapsing everywhere. The OP noticed their Burger King closed a while back and once it did the shopping center where the BK was, has lost a few stores and is beginning to look rundown and a bit sketchy. *****

Thats a lot of locations to close at once, regardless of how we feel about BK and thier food and service thats probably 1500 people out of work any way you cut it. In small-town America, those restaurants are the only place a teen can get a job.

I would imagine that would probably knock BK down a notch in the burger rankings too.

www.dailymail.co.uk...



Higher costs and wages had hurt the company looking to build back after Covid
Follows separate closure of 26 outlets this month, with 424 staff losing jobs
By JAMES REYNOLDS

PUBLISHED: 08:09 EDT, 13 April 2023 | UPDATED: 10:25 EDT, 13 April 2023

A Burger King franchise with more than 100 locations nationally will close locations across six states having reportedly racked up $14mn in debt.

Meridian Restaurants Unlimited filed for bankruptcy in March, struggling with rising food costs and poor sales.

Court filings previously revealed the company was closing 27 stores in Minnesota, Utah, Montana, Kansas, Nebraska and North Dakota.




The economy is collapsing though.


LOL yes, it probably is, but ive been called out for doom porn, thus the disclaimer.



posted on Apr, 13 2023 @ 10:19 AM
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a reply to: putnam6

external-content.duckduckgo.com... 8c23e4acc15a6f88f42fb8e8e6ae015c8ee09243f2e031911569cf53fb20&ipo=images



posted on Apr, 13 2023 @ 10:23 AM
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originally posted by: ancientlight
It's so expensive fast food, I see it sadly as a luxury now. It was anyway something we ate rarely, and now even more so.
Last time we went to BK it was $18 for two burgers/fries and drinks.

I can buy the ingredients and make it myself and have enough for 5 meals at least.
Super easy to make too.


Yes, it is, all of us here are trying to eat healthily anyway, but it has got so expensive if we are getting a burger and fries we get 5 Guys. Yea, it is a bit more expensive but it is so much better quality



posted on Apr, 13 2023 @ 10:28 AM
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originally posted by: BeNotAfraid
a reply to: putnam6

external-content.duckduckgo.com... 8c23e4acc15a6f88f42fb8e8e6ae015c8ee09243f2e031911569cf53fb20&ipo=images


Thats hilarious I haven't seen Pepe the meme frog in awhile...




posted on Apr, 13 2023 @ 10:28 AM
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a reply to: putnam6

buger king has been in decline before the plandemic.

from nov 2019


In May 2019, Burger King announced something a bit strange: they wanted to close the numbers gap between themselves and McDonald's even more, so they were... closing stores? Yes, says Restaurant Business, and it's an interesting tactical move on their part. At the time of the announcement, they had around U.S. 7,300 locations (compared to the 13,900-ish U.S. locations McDonald's boasted). In order to get closer to McDonald's numbers, they were going to start by closing between 200 and 250 locations. That was a huge jump in closures, as Burger King typically averaged about a 100 to 130-store closure rate every year in the lead-up to this pretty big announcement. Read More: www.mashed.com...
The Real Reason Burger King Is Struggling



posted on Apr, 13 2023 @ 10:28 AM
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My best half tried their 'Impossible Burger' when it first came out. He said it tasted ok for fake meat, but certainly not like a burger.
He came home about an hour later and spent the rest of the afternoon and early evening throwing up. He used to eat lunch there at least twice a week, but refuses to ever eat at BK again.

Maybe BK should incorporate agenda #2.





posted on Apr, 13 2023 @ 10:36 AM
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a reply to: putnam6

It's actually a better deal to just get the whopper Jr by itself or whopper by itself and just drink water. Like $4. The price doubles just adding fries and a drink and thats not worth it. Plus you dont need that many calories. Most people. .



posted on Apr, 13 2023 @ 10:36 AM
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a reply to: putnam6

I went to a BK about 2 years ago when I got a craving for a Whopper. I had remembered them being juicy with the good toppings from years prior.

The meat has definitely changed, this dried leather unpalatable puck was not what I remembered.

I tried once more a couple weeks later to see if it was a bad day, got the same dried dust patty. There wasn't enough tomato, pickles, ketchup, mayo or mustard to get that meat product down.

I suspect Wendy's meat is better.



posted on Apr, 13 2023 @ 10:52 AM
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a reply to: putnam6

It started a few years back where the difference between a fast food meal and a takeout from a decent restaurant became very little if any in cost.

A premium combo is gonna run about 12, and you can get takeout for right around the same price point.

Some fast food still stands out because of higher quality food and service like Chick-fil-A and Chipotle. But the rest are starting to hit worse times since they’re not cost competitive.



posted on Apr, 13 2023 @ 10:52 AM
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People are fed up and they've HAD IT 😃



posted on Apr, 13 2023 @ 10:57 AM
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a reply to: xuenchen

i guess that special order upset her and she didn't hold the pickle or the lettuce



posted on Apr, 13 2023 @ 11:00 AM
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a reply to: putnam6

It's hard to sell a 3 dollar burger when you're forced to pay 25.00 minimum wage to the guy making it.

I expect more closures from all fast food chains.



posted on Apr, 13 2023 @ 11:01 AM
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Disclaimer the OP is in no way suggesting this means the economy is collapsing everywhere. The OP noticed their Burger King closed a while back and once it did the shopping center where the BK was, has lost a few stores and is beginning to look rundown and a bit sketchy. *


Did you add this, or did mods? Looks like rhetoric to me. Almost as if the economy is crashing and they still want us carrying on as usual.

BK starting to go down is a very bad sign.
But what do I know.



posted on Apr, 13 2023 @ 11:03 AM
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originally posted by: chris_stibrany
a reply to: putnam6

It's actually a better deal to just get the whopper Jr by itself or whopper by itself and just drink water. Like $4. The price doubles just adding fries and a drink and thats not worth it. Plus you dont need that many calories. Most people. .


Oh, definitely we are talking about once every 2-3 months at most. Ive settled into grilled chicken or fish and a salad most days.

When I traveled Id eat fast-food 4 or 5 times a week



posted on Apr, 13 2023 @ 11:09 AM
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originally posted by: DBCowboy
a reply to: putnam6

It's hard to sell a 3 dollar burger when you're forced to pay 25.00 minimum wage to the guy making it.

I expect more closures from all fast food chains.


Entry Level becomes Exit Level 😾🤏



posted on Apr, 13 2023 @ 11:14 AM
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originally posted by: Bigburgh
a reply to: putnam6

I went to a BK about 2 years ago when I got a craving for a Whopper. I had remembered them being juicy with the good toppings from years prior.

The meat has definitely changed, this dried leather unpalatable puck was not what I remembered.

I tried once more a couple weeks later to see if it was a bad day, got the same dried dust patty. There wasn't enough tomato, pickles, ketchup, mayo or mustard to get that meat product down.

I suspect Wendy's meat is better.


Hell, most of the franchises were hit and miss, and even now more so. This now-closed BK was hit or miss, the fries were never good and even the whoppers depended on what time of the day you were visiting the establishment.

I did find a BK in the North Georgia mountains and its staff wasn't anybody but a bunch of little old ladies. The fries were cooked fresh and the whopper was hot and put together properly with proper amounts of additions and condiments.




Ive gotten picky lately which isn't a bad thing but occasionally I do miss a flame-broiled burger.



posted on Apr, 13 2023 @ 11:18 AM
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a reply to: putnam6

Except when I worked at BK for a year at 15, fast food has always just been a treat for me my whole life, like once a month max. I generally only get it for a snack, like a wendy's four piece nugget for $2 or maybe a lunch once a month. I usually eat leftovers for lunch or a quality frozen meal. They do exist!




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