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Burger King Bankruptcy. Hundreds of Stores Closing. Why

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From dirty bathrooms, employees with their feet in salad bins, rodents and insects in kitchens hundreds of Burger King stores are closing or going bankrupt. Is it time for the iconic brand to admit defeat? A major operator in the Burger King system announced recently they were declaring bankruptcy. This was 90 more of the hundreds of BK stores closing as we will look at in a minute. TOMS King, a franchisee who owned 90 BK stores in Ohio, Pennsylvania and Virginia announced that their revenues during the period of the Coof had decreased and they had brought on over 35 million in secured debt and 14 million in unsecured debt. Apparently 200 potential purchasers have been contacted to buy the struggling locations. Can you think of a better investment than restaurants losing millions? If we look at net closures we see in 2020 Burger King closed 265 stores and growth has been very sluggish since 2019. You might wonder how is McDonalds doing comparatively? Well they aren't that great either

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