A POPEYES franchisee has filed for bankruptcy after financial challenges among a few stores.
At the end of January, RRG, which owns at least 17 locations in Georgia, officially submitted a Chapter 11 filing to the U.S. Bankruptcy Court for the Southern District of Georgia.
RRG noted that it had struggled after significant losses at three of its Popeyes restaurants, making it difficult to keep up with lease payments required at the other 14 others, according to court documents.
The three failing locations will seemingly be closed.
The franchisee stressed that it “needs to cure those arrearages to avoid lease termination” concerning the losses at the three locations.
It’s unclear exactly what led to the financial losses at the specific Popeyes restaurants, per Restaurant Dive.
An attorney for RRG was contacted by the outlet but did not respond.
The debt amounts, however, were noted in the documents.
RRG seemingly owes 100-199 creditors about $1 million to $10 million in liabilities.