# Wendy's Franchisee Bankruptcy Sale

> A buyer emerges for 42 bankrupt Wendy's restaurants at $18.6m.
- Title: Wendy's Franchisee Bankruptcy Sale · Nation's Restaurant News
- Summary: A buyer emerges for 42 bankrupt Wendy's restaurants at $18.6m. Hiren Patel's Divine Investors will buy 42 Wendy's locations from Meritage Hospitality Group…
- Keywords: meritage hospitality group, wendy's, divine investors, hiren patel, bankruptcy, chapter 11, restaurant closures, franchisee, wendy's locations, 18.6 million, 42 restaurants, arizona
- Source: Nation's Restaurant News — https://nrn.com/quick-service/a-potential-buyer-emerges-for-some-bankrupt-wendy-s-restaurants
- Read time: 1 min
- Topics: meritage hospitality group, wendy's, divine investors, hiren patel, bankruptcy, chapter 11, restaurant closures, franchisee, wendy's locations, 18.6 million, 42 restaurants, arizona
## Wendy's Franchisee Bankruptcy
Meritage Hospitality Group filed for bankruptcy with $155 million in secured debt.
## Potential Buyer Emerges
Hiren Patel's Divine Investors proposed buying 42 Wendy's locations for $18.6 million.
## Geographic Coverage
The 42 restaurants are in Arkansas, Tennessee, Mississippi, and Missouri.
## Bankruptcy Context
Meritage operated 314 restaurants before closing 60 earlier this year.
## Sale Details
The deal represents 17% of Meritage's 254 restaurants and requires court approval.
## Price Per Location
The average sale price is $443,000 per Wendy's restaurant.
## Bankruptcy Timeline
The sale could close by late November after Meritage filed for bankruptcy last month.
## Reasons for Bankruptcy
Meritage blamed ineffective brand marketing, winter weather, soaring beef prices, and discounting.
## Restructuring Impact
The cash will provide critical liquidity for Meritage's debtors' estates and support restructuring.
## Key takeaway

Hiren Patel's Divine Investors will buy 42 Wendy's locations from Meritage Hospitality Group for $18.6m to provide liquidity for bankruptcy restructuring.