BurgerFi is cutting the fat from its real estate, abandoning leases at four South Florida restaurants and its corporate office in Fort Lauderdale.
The fast food chain, which also owns Anthony’s Coal Fired Pizza, abandoned leases for its headquarters at 200 West Cypress Creek Road, three BurgerFI spots in Pembroke Pines, Jupiter and Delray Beach and a pizzeria in Hallandale Beach, a bankruptcy motion filed last week shows.
BurgerFi, led by CEO Carl Bachmann, filed for Chapter 11 protection in Miami federal bankruptcy court on Sept. 11. In its petition, BurgerFi estimated the company had between $50 million to $100 million in assets, and an estimated debt of between $100 million and $500 million owed to 50 creditors. …