Although Burger King now has over 12,000 stores worldwide, it appears that some franchise owners are having financial issues. Just last year, 9 Burger Kings in Minnesota closed it doors as a result of their ownership group, Illinois-based P3 Foods, filed for bankruptcy last October.
Duke and King Acquisition Corp., a Burnsville, Minn.-based Burger King franchisee, has sought Chapter 11 bankruptcy protection and is currently seeking buyers. The company operates 92 Burger King units throughout the Midwest, including in Minnesota, Iowa and Wisconsin.