Sailormen Inc. entered Chapter 11 bankruptcy with 136 Popeyes restaurants. Its auction shows how debt, leases, and weaker traffic are deciding which fast-food locations survive.

Source: [Inc.](https://www.inc.com/georgia-fearn/massive-bankrupt-popeyes-franchisee-just-sold-97-locations-what-happens-to-rest/91368010)

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