1851

<a href="https://www.burgerfi.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=burgerfi-on-the-brink-of-bankruptcy-2727093" target="_blank" rel="nofollow">BurgerFi</a>, a fast-casual burger chain and owner of&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-anthonys-coal-fired-pizza-franchise-costs-fees-profit-and-data-2726619">Anthony’s Coal Fired Pizza</a>, is facing severe financial difficulties, with the possibility of bankruptcy looming, ??according to&nbsp;<a href="https://www.cnn.com/2024/08/19/investing/burgerfi-bankruptcy/index.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=burgerfi-on-the-brink-of-bankruptcy-2727093" target="_blank" rel="nofollow">a securities filing from last week</a>. As of August 14, the company had just $4.4 million in cash and expects to report a significant loss of $18.4 million for the quarter ending July 1, compared to a $6 million loss in the same period last year.&nbsp;The company’s struggles highlight the broader challenges faced by some restaurant brands, as consumers become&nbsp;<a href="https://1851franchise.com/fast-food-industry-faces-inflation-woes-but-hopes-for-rebound-with-value-deals-and-economic-relief-2726997">increasingly price-sensitive</a> and opt to eat at home or seek better value dining options. Over the past few months, several major franchisees have also declared bankruptcy, including a&nbsp;<a href="https://1851franchise.com/two-big-brand-multi-unit-qsr-franchisees-declare-bankruptcy-on-the-same-day-2726574#stories">48-unit Subway franchisee and a 25-unit Arby’s franchisee</a>, as well as a&nbsp;<a href="https://1851franchise.com/140-unit-pizza-hut-franchisee-files-for-bankruptcy-amidst-legal-battles-and-financial-challenges-2726910">140-unit Pizza Hut franchisee</a>.&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-mcdonalds-franchise-costs-fees-profit-and-data-2720737">McDonald’s</a> also experienced&nbsp;<a href="https://www.reuters.com/business/retail-consumer/mcdonalds-posts-surprise-drop-quarterly-global-sales-spending-slows-2024-07-29/?utm_source=1851franchise.com&amp%3Butm_medium=article&amp%3Butm_campaign=fast-food-industry-faces-inflation-woes-but-hopes-for-rebound-with-value-deals-and-economic-relief-2726997&utm_source=1851franchise.com&utm_medium=article&utm_campaign=burgerfi-on-the-brink-of-bankruptcy-2727093" target="_blank" rel="nofollow">its first global sales drop in 13 quarters</a> and an overall 1% downturn at stores open for at least a year.&nbsp;<a href="https://1851franchise.com/franchise-deep-dive-burgerfi-franchise-costs-fees-profit-and-data-2726647">BurgerFi</a> has been&nbsp;<a href="https://www.qsrmagazine.com/story/burgerfi-explores-strategic-alternatives-to-fix-downward-sales-and-finances/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=burgerfi-on-the-brink-of-bankruptcy-2727093" target="_blank" rel="nofollow">exploring various options</a> to address its liquidity crisis, including seeking additional financing, selling assets or potentially selling the entire company. The company received $2.5 million in emergency funding on August 9, but it remains uncertain whether these efforts will be sufficient to meet its debt obligations. If its senior lender demands immediate repayment of its debt, BurgerFi could be forced into bankruptcy, risking the closure of its 60 pizza stores and 102 burger restaurants. The company’s stock has plummeted by nearly 60% this year, trading at just 33 cents as of Monday.Check out some similar 1851 Franchise articles, here:<ul><li><a href="https://1851franchise.com/fast-food-industry-faces-inflation-woes-but-hopes-for-rebound-with-value-deals-and-economic-relief-2726997">Fast-Food Industry Faces Inflation Woes but Hopes for Rebound with Value Deals and Economic Relief</a></li><li><a href="https://1851franchise.com/140-unit-pizza-hut-franchisee-files-for-bankruptcy-amidst-legal-battles-and-financial-challenges-2726910">140-Unit Pizza Hut Franchisee Files for Bankruptcy Amidst Legal Battles and Financial Challenges</a></li><li><a href="https://1851franchise.com/two-big-brand-multi-unit-qsr-franchisees-declare-bankruptcy-on-the-same-day-2726574#stories">Two Big-Brand, Multi-Unit QSR Franchisees Declare Bankruptcy on the Same Day</a></li></ul>Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="http://www.1851growthclub.com/?utm_source=1851franchise.com&amp%3Butm_medium=article&amp%3Butm_campaign=140-unit-pizza-hut-franchisee-files-for-bankruptcy-amidst-legal-battles-and-financial-challenges-2726910&utm_source=1851franchise.com&utm_medium=article&utm_campaign=burgerfi-on-the-brink-of-bankruptcy-2727093" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.

BurgerFi Nears Bankruptcy: Cash Shortage and Rising Losses Threaten Fast-Casual Chain

1851 Franchise

The fast-casual burger chain and owner of Anthony’s Coal Fired Pizza faces an uncertain future, with potential bankruptcy looming due to severe liquidity challenges and increasing operational costs.

BurgerFi is on the Brink of Bankruptcy. Here's Why. 

burgerfi-on-the-brink-of-bankruptcy

Children's Lighthouse

Children’s Lighthouse Ramps Up Growth in First Half of 2025 With Strategic Expansions, Franchise Signings, and New Headquarters

childrens-lighthouse-ramps-up-growth-in-first-half-of-2025-with-strategic-expansions-franchise-signings-and-new-headquarters

Right at Home

Right at Home® Named a 2025 Top Franchise Brand for Multi-Unit Owners by Entrepreneur Magazine

right-at-home-named-a-2025-top-franchise-brand-for-multi-unit-owners-by-entrepreneur-magazine

Dog Training Elite

Dog Training Elite -Tips-to-Ease-Dog Anxiety-for-4th of July- July-2025

Dog Training Elite Shares Tips To Ease Dog Anxiety for 4th of July

tips-to-ease-dog-anxiety-fireworks-4th-of-july

Melting Pot

Photo of interior of Melting Pot restaurant

Lexington Herald Leader: This Restaurant Chain Eyes a Return to Lexington After 10 Years

melting-pot-return-to-lexington

Keke's Breakfast Cafe

Keke's Breakfast Cafe - John and Kimberly Ehrhard - 1851 Franchise

Empowering Leadership, One Pancake at a Time: How John and Kimberly Ehrhard Are Building a Franchise Legacy with Keke’s Breakfast Cafe

john-kimberly-ehrhard-kekes-franchise

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Drone Delivery Takes Flight in QSR: The Future of Franchise Operations?

drone-delivery-takes-flight-in-qsr-the-future-of-franchise-operations

Chick-fil-A Tops Customer Satisfaction Rankings for 11th Year as Challenger Brands Gain Ground

chick-fil-a-tops-customer-satisfaction-rankings-for-11th-year-as-challenger-brands-gain-ground

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise

How Vishal Juneja Turned a Family Tradition Into a Paris Baguette Franchise Built on Heart and Community

BurgerFi is on the Brink of Bankruptcy. Here's Why.

MORE STORIES LIKE THIS