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Popeyes Franchise Sailormen Closes 20 Locations Amid Bankruptcy

3/18/2026

Summary

Story summary

Sailormen Inc., one of Popeyes' largest franchise operators, closed at least 20 restaurants in Florida and Georgia after filing Chapter 11 in January 2026.
The company reported about $130 million in debt and four consecutive quarters of declining same-store sales, while bankruptcy proceedings continue.
Closures occurred in two waves, with 17 locations shut first and three more announced in March.
Popeyes' parent company said most Sailormen restaurants are profitable.

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Story summary

Sailormen Inc., one of Popeyes' largest franchise operators, closed at least 20 restaurants in Florida and Georgia after filing Chapter 11 in January 2026.
The company reported about $130 million in debt and four consecutive quarters of declining same-store sales, while bankruptcy proceedings continue.
Closures occurred in two waves, with 17 locations shut first and three more announced in March.
Popeyes' parent company said most Sailormen restaurants are profitable.