http://www.bizjournals.com/memphis/stories/2008/01/28/story4.html
Serve Holdings LLC, the largest franchisee of Captain D’s restaurants in the country with 26, has filed for Chapter 11 bankruptcy to, in part, avoid payment of $245,000 to the franchisor.
[note: post title amended on 2-1-2008 to more accurately identify the zee as filing....hat tip: FuwaFuwaUsagi and Michael Webster in the comments]
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Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
I am not sure I am fond of the headline. Maybe this has something to do with Captain D’s maybe it does not.
A while back a list forum member contacted me about a single unit of a zor that she would presumably be acquiring from failing multi-unit unit zee. In looking at that situation it, it was obvious that the zee expanded very, very aggressively. That still does not mean the concept is not at fault, but it also does not necessarily impugn the zor.
My point is, I think a headline stating that Captain D’s largest franchisee files for bankruptcy would be more appropriate. I would just hate to be a zee who is successful with the concept and see this headline.
All the best,
FuwaFuwaUsagi
I agree with Fuwa. When I read the headline, I assumed that the franchisor was in trouble. It is not good to trick your loyal readers!
Good point guys. Post title changed.
Thanks Ryan.
FuwaFuwaUsagi