Major Popeyes franchisee Sailormen Inc. files for bankruptcy protection, citing $129 million in debt from pandemic impacts, ...

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Another restaurant chain is in the financial hot seat, and a lot of chicken is on the line.

The Popeyes franchisee operates locations primarily in Florida and Georgia, and is carrying close to $130 million in debt.

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*Sailormen Inc., a major Popeyes Louisiana Kitchen franchisee operating more than 130 locations, has filed for bankruptcy.

Sailormen, Inc., which owns more than 130 Popeyes in Florida and Georgia, filed for Chapter 11 bankruptcy on Jan. 15.

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Recent years have seen a number of bankruptcy filings from franchisees of major QSR brands, with many citing similar reasons.