A major Hardees franchisee has filed for bankruptcy after 39 of its 108 restaurants across America have been forced to close.
Amid inflating food and labor costs and a pandemic-fueled loss in foot traffic, a fleet of Hardees restaurants owned by Summit Restaurant Holdings could be set to shutter amid the company’s plummeting bottom line.
At its height, the business controlled 145 Hardees locations across the nation, but it has joined a growing number of firms to hit turbulent financial times.
Summit, which is owned by fast-food franchise Carls Jr. parent company CKE Restaurants, is now seeking a buyer to try and keep its remaining 108 restaurants afloat.
The affected locations are spread across America, with Summit’s Hardees stores found in Alabama, Florida, Georgia, South Carolina, Kansas, Missouri, Wyoming and Montana.