One of California's largest fast-food franchise operators is moving to close and sell dozens of burger restaurants following a bankruptcy filing.
SPLC head doesn’t back down under GOP questioning over ‘hate map’Trump administration considers next steps with Cuba after IranAI trade unravels as rate fears rattle markets Dharod’s Friendly Franchisees Corporation, which touts itself as the largest California-based Carl’s Jr. franchisee, has acquired at least 65 locations since 2000, according to its website.
However, rising operating costs and California’s $20-per-hour fast-food minimum wage have reportedly strained the business, prompting the company to file for Chapter 11 bankruptcy protection in April, the Times reported. Carl’s Jr. Bankruptcy filings reportedly show Dharod’s restaurants generated more than $6 million in monthly revenue while losing more than $600,000 per month in 2026. Carl's Jr.'s logo seen on a Carl's Jr. restaurant in the Mill Woods area of Edmonton, Alberta, Canada, on May 28, 2025.
Restaurant Business that the restructuring is specific to Dharod’s operations and will not affect other Carl’s Jr. locations.
"We are aware that Carl’s Jr. franchisee Harshad Dharod entities and its affiliates, which together independently own and operate certain Carl’s Jr. restaurants, have entered into a court-supervised restructuring process under Chapter 11 of the United States bankruptcy code," a company representative said in a statement. CLICK HERE TO GET FOX BUSINESS ON THE GO If the locations are sold, operations could continue largely uninterrupted, as employees and managers often remain in place when franchise ownership changes hands.
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