BurgerFi struggles to stay in business; may soon file for bankruptcy protection
BurgerFi is blaming poor sales, store closures, higher wages and price increases.
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Aug 21, 2024, 4:39 PM
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Updated 21 days ago
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16ds agoBurgerFi may be coming to an end. The fast-casual chain restaurant is almost out of cash.
The chain has $4.5 million on hand and is expected to make a loss of more than $18 million for the most recent quarter.
BurgerFi is blaming poor sales, store closures, higher wages and price increases.
The chain may soon have to file for bankruptcy protection.
The only BurgerFi on Long Island is in Commack.
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