57 Burger Kings file for bankruptcy

(CNN)– You probably already know that many fast food restaurants are owned by franchisees.

But what happens when those companies go bankrupt?

It’s happening now to “Consolidated Burger Holdings.”

After two years of declining sales, the company has filed for bankruptcy.

It is based in the Florida Panhandle town of Destin, and it operates 57 Burger King restaurants.

Consolidated Burger’s reach goes down to Palm Beach and up to South Georgia.

It will continue operating those restaurants while it looks for a buyer.