BUSINESS

Miami franchisee to shut 52 Popeyes restaurants

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Miami-based Sailormen Inc., one of the largest Popeyes Louisiana Kitchen franchisees in the United States, is preparing to close dozens of restaurants after an underwhelming bankruptcy auction in mid-June 2026. The company, which operated about 136 locations across Florida and Georgia at the start of 2026, obtained buyers for 97 stores for a total of $16.55 million but received no qualified bids for 52 restaurants. Sailormen has asked the U.S. Bankruptcy Court for the Southern District of Florida for permission to reject the leases tied to these unprofitable locations, arguing in court filings that the unsold units are rapidly depleting its remaining cash and worsening losses.

Prepared by Christopher Adams and reviewed by editorial team.

Timeline of Events

Early 2026 Sailormen operates 136 Popeyes locations
Mid-2026 Financial pressures intensify across franchise network
Mid-June 2026 Court-supervised bankruptcy auction is held
Mid-June 2026 Buyers secure 97 Popeyes restaurants
Mid-June 2026 Fifty-two locations receive no qualified bids
Late June 2026 Sailormen files expedited lease rejection motion
Late June 2026 Court asked to approve permanent closures
2026 Ongoing restructuring continues under Chapter 11

Why This Matters to You

If you're a fan of Popeyes in Florida or Georgia, your local restaurant may be closing. Keep an eye out for any announcements. It could mean a longer drive for your favorite chicken.

The Bottom Line

Sailormen Inc. is in a tough spot, closing 52 Popeyes due to financial struggles. It's a reminder that even large franchises can face hard times. Worth forwarding if you know a Popeyes lover who might be affected.