Photo by Jan Baborák on Unsplash

The Landscape of Franchise Bankruptcies

The recent years have witnessed a surge in franchisee bankruptcies, impacting major chains like Burger King, Popeyes, McDonald’s, and Wendy’s. These bankruptcies are a result of various factors such as soaring ingredient and labor costs, declining foot traffic, and a prevalent sense of economic uncertainty among consumers. The move away from city centers and the reduction in office workers in downtown districts have added to the challenges faced by franchise operators.