Burger chain sells 30 restaurants after closing 23 locations

Key facts

• Burger chain sold 30 restaurants.
• The company previously closed 23 locations.
• The sale is a result of financial struggles.

This transaction indicates significant financial distress for the burger chain. The closure of 23 locations prior to the sale of 30 more suggests a strategic move to shed underperforming assets or raise capital to address broader financial challenges.