Franchisee of beloved chicken chain files for bankruptcy after $18M loss in 2025
MLive.com • • business
Key Points:
- Sailormen Inc., a franchisee owning 136 Popeyes Louisiana Kitchen restaurants in Florida and Georgia, has filed for Chapter 11 bankruptcy protection in Miami due to significant financial losses.
- Despite generating over $223 million in sales in 2025, Sailormen reported a net operating loss exceeding $18 million and has liabilities surpassing $342 million against assets of $232 million.
- Aurora Management Partners has been appointed as Sailormen’s chief restructuring officer to oversee the bankruptcy process and restructuring efforts.
- The bankruptcy filing follows a legal move by Sailormen’s largest lender, BMO Bank, which sought federal control of the company’s assets, a situation Sailormen aimed to avoid by filing for Chapter 11.
- Sailormen
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