SD-Charlotte, LLC – Major Sonic Drive-In Franchisee Files Chapter 11 Citing Over-Expansion and High Debt Costs, Establishes Itself as Poster Child for Franchisee “Don’ts”

February 7, 2020 − SD-Charlotte, LLC and four affiliated Debtors (together, the “Debtors,” each separately and privately held) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Western District of North Carolina, lead case number 20-30149. The Debtors, who collectively own and operate approximately 90 franchised restaurants in the Southeast United States…