Freddy’s franchisee declares bankruptcy. What it means for other restaurants.
A Freddy’s Frozen Custard & Steakburgers franchisee has filed for bankruptcy in Kansas after closing 11 stores in the Chicago area starting in 2024. M&M Custard filed for Chapter 11 protection on Nov. 14 and in an affidavit, M&M Custard co-founder and CEO Eric Cole said the franchisee will successfully reorganize now that underperforming stores…