Burger King Bankruptcy Could Affect South Dakota and Minnesota Stores
Travel to neighboring states and you'll find the same scenario. Even the smaller communities have the Golden Arches and big BK signs.
But, some of those BKs could be closing in 2023 because of bankruptcy.
HOW MANY BURGER KING STORES ARE IN THE U.S.?
One of the largest burger franchises is now closing more of its upper Midwest locations and filing for Chapter 11 bankruptcy protection.
Meridian Restaurants Unlimited operates Burger King restaurants in Utah, Montana, Wyoming, Minnesota, Nebraska, Kansas, Arizona, and North and South Dakota.
As excerpted from a KFGO.com report: The company that owns a number of Burger King restaurants in Minnesota and North Dakota has gone bankrupt, leading to 27 closures across the region. Meridian Restaurants Unlimited is closing locations in North Moorhead, Willmar, Montevideo, Redwood Falls, Alexandria, Long Prairie, Fergus Falls, East Grand Forks, Litchfield, and one in Grand Forks.
TRENDING FROM RESULTS-TOWNSQUARE MEDIA SIOUX FALLS
- Walmart Closing Minnesota Store And 14 Others
- Iconic Sioux Falls: Home-Style Goodness at Rosie's Cafe
- Get Ready to Pay More for License Plates, Tags in South Dakota
- Hidden Minnesota Hamburger Stand Has the Best in the Entire State
WHY IS BURGER KING CLOSING STORES?
According to Restaurant Business Online, Burger King franchisee Meridian Restaurants Unlimited said food cost increases over the past two years contributed to its filing. Wage rates have increased 33% over the past two years, while food costs are up 22%.
This ugly trend also finds other big box brands closing outlets like Walmart, Bed Bath & Beyond, and Footlocker.
It's happening all over the country. In Michigan, hundreds of employees will be looking for work due to 26 Burger King locations closing by April 15.