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Subway Franchisee Files for Bankruptcy | Durham News
Another Subway franchisee is folding, as Cherry Butte Company, with three North Dakota locations, files for Chapter 11 bankruptcy amid crushing debt—$1.8M versus just $19K in assets. Rising costs, labor, and interest rates are squeezing independent operators, even as inflation eases. Revenue dropped from $2.6M to $2.3M in just one year. This isn’t isolated: MTF Enterprises and Firehouse Subs franchisees also failed, while Subway itself was bought by private equity for $9.6B—making it harder for small players to survive. Listen in comfort:Get a discount on a Soli Pillow…
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