A major operator of Burger King restaurants in the southeastern United States has filed for Chapter 11 bankruptcy protection, underscoring the lasting financial impact of the COVID-19 pandemic on the fast-food industry. Consolidated Burger Holdings, based in Destin, Florida, filed its petition on April 14 in the U.S. Bankruptcy Court for the Northern District of Florida.
The company, which runs 57 Burger King locations across Georgia and Florida—including cities like Valdosta, Tifton, and Cordele—cited steep revenue losses and unmanageable fixed costs as key factors in its decision. While operations continue, the future of the franchise network remains uncertain as the company seeks a potential buyer.
Sales Drop Sharply as Losses Mount
According to NewYorkPost, Consolidated Burger Holdings saw its revenue fall from $76.6 million in fiscal year 2023 to $67 million in 2024. During the same period, operating losses nearly doubled, climbing from $6.3 million to $12.5 million. The company reported both its assets and liabilities at approximately $78 million.
The franchisee pointed to a dramatic decline in foot traffic during and after the pandemic, which strained its ability to cover high fixed costs, such as rent and debt payments. Despite attempts to stabilize the business, financial pressures proved overwhelming.
Company Still Operating, Eyes Sale of Business
Though it has entered bankruptcy proceedings, Consolidated Burger Holdings stated it plans to continue running its Burger King locations for the foreseeable future. In fact, court records show the company had already spent seven months seeking a buyer before filing for bankruptcy.
The franchise’s financial challenges highlight broader concerns within the quick-service restaurant industry, particularly for operators locked into high-cost lease agreements and tight margins. The outcome of this case may signal larger trends for national chains facing similar post-pandemic struggles.
