The owner of Quiznos and Church's is apparently making a play for a bankrupt Hardee's franchisee
A company apparently controlled by High Bluff Capital, the investment firm that owns the restaurant chains, is the stalking horse bidder for half of the 108 restaurants operated by Summit Restaurant Holdings.
Did the operating environment push franchisees into bankruptcy? Sort of
The Bottom Line: Soaring food and labor costs made it a lot more difficult for restaurants to generate a profit last year. But both Hardee’s and Burger King had long-term problems that played a bigger role in those bankruptcy filings.