1851

After months of financial and legal turmoil, 77&nbsp;<a href="https://franchise.pizzahut.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">Pizza Hut</a> restaurants formerly operated by franchisee&nbsp;<a href="https://www.eymgroup.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">EYM Group</a> have been sold to new owners. According to a&nbsp;<a href="https://www.nrn.com/restaurant-franchising/77-pizza-hut-restaurants-sold-after-franchisee-filed-for-bankruptcy?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">report by Nation’s Restaurant News (NRN)</a>, the sale was finalized following a January 28 auction in Dallas and was managed by&nbsp;<a href="https://www.nationalfranchisesales.com/home?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">National Franchise Sales (NFS)</a>. This development follows&nbsp;<a href="https://1851franchise.com/140-unit-pizza-hut-franchisee-files-for-bankruptcy-amidst-legal-battles-and-financial-challenges-2726910#stories">EYM Group’s Chapter 11 bankruptcy filing in July 2024</a>.EYM Group, once a major Pizza Hut franchisee with 142 locations across Illinois, Indiana, Georgia, South Carolina and Wisconsin, entered bankruptcy with more than $21 million owed to Manufacturers Bank and $2.25 million owed to Pizza Hut. The company was founded in 2008 by&nbsp;<a href="https://www.linkedin.com/in/eduardodiazb-801684a1/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">Eduardo Diaz</a>, former president of McDonald’s Mexico, and also operates Denny’s and Panera Bread units across seven states.As NRN reports, 18 of the 77 sold stores were re-acquired by Pizza Hut itself. The remaining units were picked up by various buyers after NFS implemented a targeted sales strategy. Despite reporting negative earnings before interest, taxes, depreciation, and amortization (EBITDA) for about half of the restaurants, NFS generated substantial interest by highlighting the 38 best-performing stores and crafting a supplemental strategy for the remaining 39.“Situations like these require the right mix of strategy, industry insight and buyer relationships — something we take pride in bringing to the table,” said&nbsp;<a href="https://www.linkedin.com/in/alan-gallup-78249a9/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">Alan Gallup</a>, the NFS partner who led the asset recovery team. “With escrow closed and ownership transitioned, these locations are now poised for growth under their new operators.”The sale marks the end of a difficult chapter for EYM Group. The franchisee first took legal action against Pizza Hut in March 2024, claiming breach of contract after a forbearance period ended.&nbsp;<a href="https://www.franchisetimes.com/franchise_news/pizza-hut-sues-major-franchisee-for-alleged-breach-of-contract/article_60216440-2e79-11ef-8b86-d78c838eb8d5.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">Pizza Hut responded in June with its own lawsuit</a> alleging EYM failed to pay royalties on time, and abruptly shuttered 15 of EYM’s restaurants in Northwest Indiana and Central Ohio.With new ownership in place, the 77 Pizza Hut restaurants now have an opportunity to reset and rebuild under operators who are stepping in with growth in mind.&nbsp;&nbsp;Read the original article&nbsp;<a href="https://www.nrn.com/restaurant-franchising/77-pizza-hut-restaurants-sold-after-franchisee-filed-for-bankruptcy?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">here</a>.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="https://www.1851growthclub.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=pizza-hut-franchisee-bankruptcy-eym-group-2729057" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.

Pizza Hut - EYM Group - Chapter 11 Bankruptcy - 77 Pizza Hut Locations Sold - 1851 Franchise

Pizza Hut Franchisee Bankruptcy Leads to Sale of 77 Locations

1851 Franchise

The sale follows EYM Group’s Chapter 11 bankruptcy, multiple lawsuits with Pizza Hut, and the closure of underperforming locations across several states.

77 Pizza Hut Locations Sold After Franchisee Bankruptcy Filing

pizza-hut-franchisee-bankruptcy-eym-group

Fitness Premier

Fitness Premier: A Legacy of Excellence, Built on a Foundation of Fitness

fitness-premier-a-legacy-of-excellence-built-on-a-foundation-of-fitness

Busy Bee Jumpers

From Solo Hustle to Franchise Muscle: Why Converting to a Busy Bee Franchise Just Makes Sense

busy-bee-jumpers-franchise-conversion-opportunity

Paris Baguette

Paris Baguette Franchise - Anusha Jonnala and Swapna Varala - 1851 Franchise

Blending Tech, Hospitality and Health Care: How Three Women From Different Worlds Came Together to Build a Paris Baguette Franchise

paris-baguette-franchise-flower-mound-texas

Minuteman Press International

The Brown Family and team at Minuteman Press in Rancho Cucamonga, CA.

Minuteman Press Franchise Review: 30-Year Legacy in Rancho Cucamonga

minuteman-press-franchise-review-30-year-legacy-in-rancho-cucamonga

Beansquad

BeanSquad Franchise - How BeanSquad Is Taking the Stress Out of Franchise Bookkeeping - 1851

How BeanSquad Is Taking the Stress Out of Franchise Bookkeeping

beansquad-accounting-franchise-bookkeeping

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

Design with person in blazer, with laptop, holding sign that reads "LOOKING FOR A JOB"

Uptick in Jobless Claims Points to Continued Instability in Labor Market

jobless-claims-franchise-growth

Extraordinary Brands Acquires CycleBar and Rumble, Shaking Up Boutique Fitness Franchising

extraordinary-brands-cyclebar-rumble-boxing-acquisition

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Planet Fitness Franchisees Donate $100K to Support Texas Flood Relief - 1851 Franchise

Planet Fitness Franchisees Donate $100K To Support Texas Flood Relief

planet-fitness-texas-flood-relief

McDonald’s Is the Latest Franchise To Bet Big on Beverages with 500-Store Premium Drink Test

mcdonalds-is-the-latest-franchise-to-bet-big-on-beverages-with-500-store-premium-drink-test

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

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

rising-jobless-claims-affect-franchising

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Why This Real Estate Broker Decided To Bring Caring Transitions to Central Texas

caring-transitions-san-marcos-kyle-chad-hardin

911 Restoration Franchise Costs, Fees, Profit and Data for 2025

77 Pizza Hut Locations Sold After Franchisee Bankruptcy Filing

MORE STORIES LIKE THIS