Man owns 57 Burger Kings and is 37 million broke

[Quasar44]

Burger King franchisee with 57 locations files for bankruptcy after owing $37M to creditors

Consolidated Burger Holdings – one of Burger King’s largest franchisees – filed for bankruptcy protection this week, seeking to sell its assets through a court-supervised process.

nypost.com

Dems totally destroyed his business!!
This guy should be a multi millionaire and not beyond broke

he can get back some money from selling but not 37 M

 

[Quasar44]

Maybe 500,000 per franchise ???

So 28 million back ???

 

[Mack The Finger]

Dems totally destroyed his business!!

.
That sounds like fake news !

 

[Crepitus]

Burger King franchisee with 57 locations files for bankruptcy after owing $37M to creditors

Consolidated Burger Holdings – one of Burger King’s largest franchisees – filed for bankruptcy protection this week, seeking to sell its assets through a court-supervised process.

nypost.com

Dems totally destroyed his business!!
This guy should be a multi millionaire and not beyond broke

he can get back some money from selling but not 37 M

How did the Democrats do this?

 

[airplanemechanic]

How did the Democrats do this?

Inflation. His restaurants posted 6.3 million in losses in 2023. Over 12 million dollar loss in 2024.

Read the article.

 

[Quasar44]

Inflation. His restaurants posted 6.3 million in losses in 2023. Read the article.

Your career seems cool

 

[airplanemechanic]

Your career seems cool

It's a user name. While I am an airplane mechanic, I haven't had a job as one since the end of 2013. I'm also a licensed pilot.

 

[Stryder50]

Inflation. His restaurants posted 6.3 million in losses in 2023. Read the article.

And from the article;
"Consolidated Burger Holdings’ bankruptcy is the result of “significant foot traffic and revenue declines without a corresponding drop in rent costs, debt or other liabilities,” Luzinski said in court documents. "
....
"The company has seen several other major Burger King franchisees file for bankruptcy in the aftermath of the pandemic.

Meridian Restaurants Unlimited, Toms Kings and Premier Kings all filed for bankruptcy in 2023. The three franchisees operated a combined 378 Burger King locations."
..........
I'd expect that Burger King isn't the only one with franchisees filing for bankruptcy.

Most leftards are clueless on economics, hence don't understand what their fellow DumbocRATs do that destroys the economy.

 

[Quasar44]

It's a user name. While I am an airplane mechanic, I haven't had a job as one since the end of 2013. I'm also a licensed pilot.

Do you still fly ?? Wow !! I failed to drive a stick shift

 

[Quasar44]

And from the article;
"Consolidated Burger Holdings’ bankruptcy is the result of “significant foot traffic and revenue declines without a corresponding drop in rent costs, debt or other liabilities,” Luzinski said in court documents. "
....
"The company has seen several other major Burger King franchisees file for bankruptcy in the aftermath of the pandemic.

Meridian Restaurants Unlimited, Toms Kings and Premier Kings all filed for bankruptcy in 2023. The three franchisees operated a combined 378 Burger King locations."
..........
I'd expect that Burger King isn't the only one with franchisees filing for bankruptcy.

Most leftards are clueless on economics, hence don't understand what their fellow DumbocRATs do that destroys the economy.

Is your name from LOTR ???

 

[JOSweetHeart]

Forgive me if this is a dumb question, but does anyone here remember ever seeing this commercial at all for Burger King? I believe that 2019 is when it was done.



The first person shown is my most favorite singer, Mason Ramsey. He turned 13 later that year and will be 19 this fall. I didn't discover him until almost two years ago. Right now, I have no memory of ever once seeing the clip when it was first done.

God bless you and Mason always!!!

Holly (a girl who only loves him more every day)

P.S. Right here is what Mason sounds like now.

 

[Yarddog]

And from the article;
"Consolidated Burger Holdings’ bankruptcy is the result of “significant foot traffic and revenue declines without a corresponding drop in rent costs, debt or other liabilities,” Luzinski said in court documents. "
....
"The company has seen several other major Burger King franchisees file for bankruptcy in the aftermath of the pandemic.

Meridian Restaurants Unlimited, Toms Kings and Premier Kings all filed for bankruptcy in 2023. The three franchisees operated a combined 378 Burger King locations."
..........
I'd expect that Burger King isn't the only one with franchisees filing for bankruptcy.

Most leftards are clueless on economics, hence don't understand what their fellow DumbocRATs do that destroys the economy.

Its what happens when they dont allow the market to dictate wages

 

[jackflash]

Burger King franchisee with 57 locations files for bankruptcy after owing $37M to creditors

Consolidated Burger Holdings – one of Burger King’s largest franchisees – filed for bankruptcy protection this week, seeking to sell its assets through a court-supervised process.

nypost.com

Dems totally destroyed his business!!
This guy should be a multi millionaire and not beyond broke

he can get back some money from selling but not 37 M

Burger King I would think is pure gold for a franchise. If the story is true maybe Burger King morphed into Bankrupt King.

 

[Stryder50]

Is your name from LOTR ???

That is the spelling in LOTR, so that's part of where I got it, chose it.
There is also this local freight trucking firm;

Trucking & Freight Transportation Services Seattle-Tacoma-Bellevue WA

FTL, LTL, Cross-border Canada/USA, Intermodal Truck-to-Rail, and temperature controlled transport services. Call 833-787-9337 for services today.

www.stryderusa.com

 

[Stryder50]

Burger King I would think is pure gold for a franchise. If the story is true maybe Burger King morphed into Bankrupt King.

Pre COVID that may have been so.

Since then many states and communities have jacked minimum wage to such high levels that the starter jobs at burger places have ruined the competitive pricing for "cheap" fast food. Also, prices for food and supplies have gone up as well, eating into profit potential, reducing it to negative range.

What was a $5 burger is now $10 and many people have opted out of buying such.

Reading the article will explain this.

 

[Stryder50]

Its what happens when they dont allow the market to dictate wages

"they" being the democrats and libtards, most of whom have no experience running for profit enterprises, are deluding in thinking money grows on trees and their insane dictates on market prices and wages will have no negative impact.

 

[Quasar44]

That is the spelling in LOTR, so that's part of where I got it, chose it.
There is also this local freight trucking firm;

Trucking & Freight Transportation Services Seattle-Tacoma-Bellevue WA

FTL, LTL, Cross-border Canada/USA, Intermodal Truck-to-Rail, and temperature controlled transport services. Call 833-787-9337 for services today.

www.stryderusa.com

I finally saw ROTK extended addition and wow it had several new cool scenes that I liked

 

[Crepitus]

Inflation. His restaurants posted 6.3 million in losses in 2023. Over 12 million dollar loss in 2024.

Read the article.

Inflation? You mean the inflation that was a combination of worldwide pandemic and tRump's fiscal policies?

 

[jackflash]

Pre COVID that may have been so.

Since then many states and communities have jacked minimum wage to such high levels that the starter jobs at burger places have ruined the competitive pricing for "cheap" fast food. Also, prices for food and supplies have gone up as well, eating into profit potential, reducing it to negative range.

What was a $5 burger is now $10 and many people have opted out of buying such.

Reading the article will explain this.

Below; afternoon price $14.00 for seniors/vets for all one can eat...

https://lh3.googleusercontent.com/p/AF1QipOS5nPM9zuGQg_w2mY2hTUMxqTAM7f1UnA3ibTS=s680-w680-h510

At that price I leave a $5.00 tip & still have pocket change left over. Looks like the buffets are the new era fast food outlets!

 

[Stryder50]

Below; afternoon price $14.00 for seniors/vets for all one can eat...

https://lh3.googleusercontent.com/p/AF1QipOS5nPM9zuGQg_w2mY2hTUMxqTAM7f1UnA3ibTS=s680-w680-h510

At that price I leave a $5.00 tip & still have pocket change left over. Looks like the buffets are the new era fast food outlets!

I don't eat "out" often. Wife and I prefer to cook our own.
I do on occasion enjoy a deluxe burger at Dairy Queen. Pre-COVID it cost a buck. Now it's over $3. I've noticed similar price increase at most restaurants, along with reduction in portion size.