A large Subway operator declares bankruptcy
Yahoo Finance·2026-02-02 18:11
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: MTF Enterprises, a Subway operator with 43 stores in Maine, New Hampshire, Pennsylvania and Virginia, filed for Chapter 11 bankruptcy protections last month, according to a court filing by the franchisee’s owner, Michael Fay. The operator accessed funding through short-term Merchant Cash Advance loans, which left it on the hook for a percentage of ...