TAMPA Fla. A 15-unit Churchâ€™s Chicken franchisee has filed for Chapter 11 bankruptcy protection and closed three unprofitable stores, according to court documents. The franchisee, Tampa-based Quick Service Foods, said in the filings that a 10-percent decline in 2007 sales, to $11 million, and rising fuel costs were the underlying factors.Ford Reihani, owner of the 15 units in the Orlando and Tampa areas, is also reportedly seeking to close other unprofitable stores, but contends in ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!