Arby's franchisee Miracle Restaurant Group files Chapter 11 bankruptcy. Are stores closing? (2024)

Arby's franchisee Miracle Restaurant Group has once again filed for Chapter 11 bankruptcy and could sell multiple stores in three states, according to court documents.

Court documents show Chapter 11 bankruptcy was filed by Miracle Restaurant Group on June 20, 2024. The business was formed in 2005 and currently own and operates 25 Arby's restaurants across Illinois, Indiana, Louisiana, Mississippi and Texas.

Several restaurants have been filing for Chapter 11 bankruptcy or closing stores in 2024, including Red Lobster, Hooters, Tijuana Flats and Alamo Drafthouse to name a few.

Hooters closing 2024:Locations are closing; 2 restaurants near Louisville among dozens closed

The court documents for Miracle Restaurant Group state:

Is Arby's filing for Chapter 11 bankruptcy?

No. Franchise operator Miracle Restaurant Group is filing for bankruptcy and owns 25 Arby's locations in Illinois, Indiana, Louisiana, Mississippi and Texas.

Who owns Arby's?

Arby's is owned by Inspire Brands. They own several restaurants including Baskin Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's and SONIC.

Are Arby's restaurant locations closing via Miracle Restaurant Group's Chapter 11 bankruptcy?

No. Miracle Restaurant Group is attempting to sell the remaining locations in Illinois (8), Indiana (2) and Texas (7), according to court documents.

Has Miracle Restaurant Group filed for Chapter 11 bankruptcy previously?

Yes, this is Miracle Restaurant Group's second Chapter 11 filing. The franchisee used to own 60 Arby's franchise locations before filing for Chapter 11 bankruptcy in 2010, according to court documents. A number of stores were closed after the plan was confirmed and all creditors were paid in full under the plan.

Who did Miracle Restaurant Group sell Arby's locations to in Indiana?

AES Restaurant Grouppurchased three of the five Indiana locations owned by Miracle Restaurant Group.

What Indiana Arby's locations did AES Restaurant Group buy from Miracle Restaurant Group?

Here are the three Arby's locations that are now owned byAES Restaurant Group:

What Arby's restaurant locations could be closing in Illinois, Indiana and Texas?

Miracle Restaurant Group has not confirmed a list of store closings or which restaurants are being sold. Below is a list of locations posted on the website at mrgarbys.com/locations.htm. Three Indiana locations were sold in September 2023, but which stores were sold is unclear.

Arby's restaurants in Illinois related to Miracle Restaurant Group

6000 Northwest Highway, Crystal Lake, IL 60014
1169 Dundee Ave., Elgin, IL 60120 - CLOSED
340 North York Road, Elmhurst, IL 60126
1874 E. Belvidere Road, Grayslake, IL 60030
2307 Jefferson, Joliet, IL 60435 - CLOSED
9550 W. 179th St., Tinley Park, IL 60477
1800 N. Richmond Road, McHenry, IL 60050 - CLOSED
520 Townline Road, Mundelein, IL 60060 - CLOSED
7001 W. Dempster Ave., Niles, IL 60714
2539 Greenbay Road, North Chicago, IL 60064
139 N. Northwest Highway, Palatine, IL 60067 - CLOSED
1331 Golf Road, Rolling Meadows, IL 60008 - CLOSED
776 Rollins Road, Round Lake Beach, IL 60073

Arby's restaurants in Indiana related to Miracle Restaurant Group

Arby's restaurants in Louisiana related to Miracle Restaurant Group

3847 Veterans Blvd., Metairie, LA 70002

Arby's restaurants in Mississippi related to Miracle Restaurant Group

6525 Highway 49, Hattiesburg, MS 39401 - CLOSED
2138 Highway 15, Laurel, MS 39440

Arby's restaurants in Texas related to Miracle Restaurant Group

7222 I-40 W., Amarillo, TX 79108
4020 82nd St., Lubbock, TX 79423
5052 Frankford Ave., Lubbock, TX 79424 - CLOSED
5711 19th St., Lubbock, TX 79407
7701 I-40 W., Suite No. 208, Amarillo, TX 79109 - CLOSED
5214 S. Western St., Amarillo, TX 79109
2422 19th St., Lubbock, TX 79401 - CLOSED

Chris Sims is a digital content producer for Midwest Connect Gannett. Follow him on Twitter:@ChrisFSims.

FAQs

Are Arby's restaurant locations closing via Miracle Restaurant Group's Chapter 11 bankruptcy? No. Miracle Restaurant Group is attempting to sell the remaining locations in Illinois (8), Indiana (2) and Texas (7), according to court documents.

Bob Davis eventually became the franchisee of that location, and used the profits to open another Arby's, then another, then another. Today, the company Bob started, U.S. Beef Corp., owns more than 330 Arby's throughout the United States and plans to top 400 locations by 2022.

Inspire Brands LLC is an American fast-food restaurant franchise company. Owned by Roark Capital Group, it owns the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins chains, which have a combined 31,700 locations and US$30 billion in system sales.

The system-wide sales of Arby's in the United States increased from 2016 to 2022. Arby's system-wide sales reached approximately 4.54 billion U.S. dollars in 2022, up from 4.46 billion the previous year.

Restaurant Brands International is the parent company of Burger King, Tim Hortons, and Popeyes.

Subway has agreed to sell itself to Roark Capital, a private equity firm and owner of eateries including Arby's, Sonic, and Buffalo Wild Wings, reports Reuters. Subway did not disclose the terms of the deal. Sources indicate the deal is valued at more than $9 billion.

Wendy's/Arby's

The purchase was finalized on September 15, 2008, when shareholders of both Triarc and Wendy's agreed to the terms. As part of the terms, the name was changed to Wendy's/Arby's Group, Inc.

NEW YORK (AP) — Dunkin' doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches. Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc. for $11.3 billion, including the Dunkin' Brands' debt that Inspire will be taking on.

COLONIAL HEIGHTS, Va. (WRIC) — Do you know where the largest Arby's restaurant in the United States is located? The largest Arby's restaurant in the nation is located in Colonial Heights, according to Axios. The 7,125 square foot building sits right off of Interstate 95 on Temple Avenue near Southpark Mall.

Arby's is an American fast food sandwich restaurant chain with more than 3,300 restaurants.

After nearly three years of a corporate shared services division in Atlanta, Wendy's and Arby's decided to go their separate ways in 2011. Arby's was purchased by private equity group Roark Capital and Wendy's became The Wendy's Company, and announced its move back to Dublin, Ohio for all Company functions.

The state with the most Arby's locations is Ohio, with 306 restaurants. This is about 9% of all Arby's locations in the United States. The city with the most Arby's locations is Indianapolis, with 26 locations.