franchising

Financing

Md. suspends Burgerim’s franchise registration

The chain’s bankruptcy attorney said a filing could come by the end of the month as questions about the company’s status mount.

Financing

Fast-growing Burgerim is apparently considering bankruptcy

The burger chain, which rapidly signed up hundreds of franchisees, told operators this week that it has hired a restructuring officer and a bankruptcy attorney.

Jim Lewis, who recently sold his New York City-area restaurants, joins "A Deeper Dive" to talk about the brand, his focus on speed and overcoming operations challenges.

With sales improving, the chain is planning incentives to encourage development, but franchisee relations and labor costs are hurdles.

The company has started requiring operators go to a committee rather than close their stores as it seeks to stem a decline in unit count.

The decision follows an unprofitable quarter when traffic continued to slide.

The burger chain is refranchising locations in several states to spur growth.

The restaurants will be operated by TravelCenters of America, the parent of Quaker Steak & Lube and nine other proprietary concepts.

Parent company Yum Brands warned of choppiness in the brand’s U.S. locations as the company shifts restaurants away from dine-in.

On this week’s episode of "A Deeper Dive, " Mark Wasilefsky, head of the restaurant finance group for TD Bank, talks about financing.

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