BurgerFi files for bankruptcy protection after months of rising food prices and declining sales.
The Fort Lauderdale-based company known for high-quality burgers, hot dogs, craft beer and wine has been having financial problems for months.
According to reports, BurgerFi expects to lose over $18-million in the second quarter.
The company released a statement saying the bankruptcy filing only affects corporate-owned locations and not the 77 franchise-owned locations in the U.S., Puerto Rico and Saudi Arabia.