A major Wendy's franchisee files for Chapter 11
A major Wendy's franchisee files for Chapter 11
One of the system's larger franchisees filed bankruptcy this week. A national logo on the door does not mean national credit behind the lease. Read the guaranty, know the entity you are actually contracting with, and understand what happens to your rent if the operator files. Related: Lease Negotiation Tactics and Understanding Owners and Investors