The operator of more than 90 Midwestern Burger King restaurants has filed for bankruptcy protection and is seeking buyers.
Citing revenue shortfalls and “a constant drain” of capital expenditures ordered by Burger King Corp., Burnsville-based Duke and King Acquisition Corp. filed for Chapter 11 bankruptcy protection earlier this month.
The 92-restaurant franchise operator has Burger Kings in Minnesota, Iowa, Wisconsin and other states and has already closed five stores, including one in Farmington.
If the company’s biggest creditors have it their way, more closures and the ultimate sale of the business are in D&K’s future.
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