Home / Business and Economy / Hardee's Franchisee Files for Bankruptcy
Hardee's Franchisee Files for Bankruptcy
16 Jul
Summary
- A major Hardee's franchisee sought Chapter 11 protection.
- The franchisee cited unexpected repair and tax costs.
- They claim the seller misrepresented the restaurant conditions.
A significant franchisee for the Southern-style dining brand Hardee's has filed for Chapter 11 bankruptcy protection. This development follows the closure of dozens of its locations last year and adds to a recent wave of restaurant chain bankruptcies.
Phoenix-based Superior Star LLC, which previously operated more than 90 Hardee's restaurants, informed a bankruptcy court this week of its financial distress. The company stated that immediately after purchasing the establishments in 2023, it encountered substantial unforeseen costs related to maintenance, repairs, and taxes.
According to court filings, Superior Star LLC contends that some of the Hardee's locations it acquired were in aging physical facilities that discouraged customers. The franchisee also alleges that the selling franchisee misrepresented and omitted crucial details during the sale process.
