Bennigan’s Franchising Company, L.P. and Steak & Ale Franchising Company, L.P., the owners of the Bennigan’s and Steak & Ale trademarks and franchise agreements, were not part of the Chapter 7 filing made by its parent company, S&A Restaurant Corp., today.
The 138 domestic and international franchisee-owned restaurants remain open and fully operational. Bennigan’s Franchising Company, L.P. and Steak & Ale Franchising Company, L.P. will continue to provide high quality support services to its franchisees and remain focused on maintaining and maximizing the value of the franchise brands for its franchisees and their loyal customers.
Franchise Business Opportunities | After A Franchisor Files For Bankruptcy on August 5th, 2008 at 3:01 pm
[...] What happens to franchisees when a franchisor goes bankrupt? Bennigan’s owners are about to find out. The pub-themed casual dining chain filed a Chapter 7 bankruptcy on [...]