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Meritage Hospitality Group

Operates casual and quick-service restaurant franchises

Overview

Meritage Hospitality Group operates a diverse set of restaurant brands across 16 states, focusing on acquiring and managing restaurant franchises, with a significant presence in the Wendy's system. It earns revenue by running its restaurants in both casual dining and quick-service formats and by growing its portfolio through acquisitions. The company differentiates itself through its scale as a multi-brand franchise operator, its emphasis on consistent hospitality experiences, and its commitment to community engagement and partnerships. Its goal is to expand its footprint and deliver value to guests, teammates, communities, and shareholders while pursuing sustainable growth.

Significant Headcount Growth

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About Meritage Hospitality Group

Simplify's Rating
Why Meritage Hospitality Group is rated
D-
Rated D- on Competitive Edge
Rated D- on Growth Potential
Rated D- on Differentiation

Industries

Food & AgricultureConsumer Goods

Company Size

201-500

Company Stage

IPO

Headquarters

Grand Rapids, MI

Founded

1986

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What believers are saying

  • Court filings show $725.9 million assets against $651.2 million liabilities, preserving restructuring optionality.
  • A potential buyer proposed $18.6 million for 42 Wendy’s restaurants, creating a path forward.
  • Meritage cut $7.3 million in expenses and sold underperforming sites, improving near-term cash flow.

What critics are saying

  • Wendy’s terminated Meritage agreements on September 16, 2026, threatening 314 restaurants.
  • Chapter 11 began September 17, 2026; 41 closures and more sales follow immediately.
  • If court backs Wendy’s termination, Meritage loses its core brand and becomes a liquidation candidate.

What makes Meritage Hospitality Group unique

  • Meritage built 314 Wendy’s restaurants across 15 states from Grand Rapids, Michigan.
  • Its portfolio breadth includes Wendy’s, Bojangles, and Morning Belle concepts.
  • Management executed 18 sale-leasebacks and five more in 2026 to raise liquidity.

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Funding

Total Funding

$18.9M

Above

Industry Average

Funded Over

4 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

  • Flexible Work Hours
  • 401(k) Company Match
  • 401(k) Retirement Plan

Stock Price

Growth & Insights and Company News

6 month growth

9%

1 year growth

9%

2 year growth

9%
WOOD Radio
Nov 9th, 2026
It's Bo Time no more - Grand Rapids only Bojangles closes after less than a year.

It's Bo Time no more - Grand Rapids only Bojangles closes after less than a year. Well, that didn't last long. Less than a year after the Grand Rapids area welcomed its very first Bojangles, Michigan's only location has abruptly shut its doors. Bojangles opened its first Michigan restaurant in February 2026. Initial interest in the Southern chicken chain was high, with locals curious to try their buttermilk biscuits, seasoned fries, and fried chicken sandwiches and tenders. The restaurant opened at 1730 28th St. SW in Wyoming in February 2026, taking over the former spot of another short-lived fast-food option, Taco John's. Guests hoping for fried chicken and biscuits on Monday, Nov. 9, were greeted by a "permanently closed" sign on the door. Why did Bojangles close its only Michigan location? When Bojangles first announced its arrival in the Great Lakes State, the initial deal was bigger than just one building. The franchise owner, Grand Rapids-based Meritage Hospitality Group, had originally planned to open multiple Bojangles locations inside and outside of Michigan. While Mix957gr Michiganders don't know all the internal details behind the sudden decision to close the 28th stree restaurant, the franchise owner has had plenty going recently. Meritage Hosptitality group which operates over 300 Wendy's locations, filed for Chapter 11 bankruptcy restructuring earlier this fall, pointing to rising food costs, falling sales, and major financial losses as the main reasons for the move. BELOW: MICHIGAN WENDY'S THAT HAVE CLOSED THIS YEAR Bojangles says it still sees potential in the Michigan market. According to WOOD TV8, Bojangles addressed the Grand Rapids closure directly in a statement: Mix957gr Michiganders is disappointed that its Grand Rapids restaurant has closed as a result of financial challenges facing Meritage Hospitality Group, the parent company of its franchisee, Chicken Ventures. These challenges are related to Meritage's broader restaurant operations and are not a reflection of the strength of the Bojangles brand or this location. While Mix957gr Michiganders is saddened by this closure, Mix957gr Michiganders continue to believe in the long-term potential of the Michigan market. If you were a fan of their biscuits during their short stay in Wyoming, sounds like there is still hope Bo Time could return to Michigan under different circumstances down the road. 15 Michigan Wendy's locations that have closed in 2026. Wendy's has been closing underperforming restaurants across the country in 2026, including several right here in Michigan. Since the company has never released a full list of locations, tracking them down hasn't always been easy. Here are 15 Michigan Wendy's locations that have closed so far in 2026. Gallery Credit: Tony LaBrie Burch Run. Birch Run - 12150 Market Place Dr. The Wendy's at 12150 Market Place Drive in Birch Run closed in 2026. The restaurant was located near the Birch Run Premium Outlets and was one of several Michigan Wendy's locations that shut down this year. Bridgeport. Bridgeport Township - 6324 Dixie Highway The Wendy's at 6324 Dixie Highway in Bridgeport Township closed in 2026. The location had been a longtime fast-food stop along Dixie Highway before shutting its doors this year. Flint. Flint - 1090 W. Hill Rd. The Wendy's at 1090 W. Hill Road in Flint closed in 2026. The location sat just off I-475 near Hill Road and was one of the Genesee County Wendy's restaurants that disappeared this year. Grand Rapids. Grand Rapids - 3921 28th Street SE Grosse pointe farms. Holly. Holly - 4045 Grange Hall Rd. The Wendy's at 4045 Grange Hall Road in Holly permanently closed in May 2026. A sign posted at the restaurant confirmed the location had shut down for good. Hudsonville. Kalamazoo. Kalamazoo - 5796 Gull Rd. The Wendy's at 5796 Gull Road in Kalamazoo closed in early 2026. It was one of two Kalamazoo-area Wendy's locations that shut down around the same time, although the other one actually closed at the very end of 2025. Lake Orion. Lake Orion - 388 S. Broadway St. The Wendy's at 388 S. Broadway Street in Lake Orion closed in 2026. The restaurant had been a familiar stop along Broadway before shutting down this year. Lapeer. Lapeer - 436 S. Main St. The Wendy's at 436 S. Main Street in Lapeer closed in 2026. The restaurant sat along one of the city's busiest stretches before shutting down this year. Manistee. Port Huron. Port Huron - 1700 Hancock St. The Wendy's at 1700 Hancock Street in Port Huron permanently closed in May 2026. The location was one of several Michigan Wendy's restaurants that shut down during the same stretch this spring. Saginaw. Saginaw - 7945 Gratiot Rd. The Wendy's at 7945 Gratiot Road in Saginaw closed in 2026. The restaurant served the Shields area and was another Mid-Michigan Wendy's location to shut down this year. Sterling Heights. Sterling Heights - 40950 Ryan Rd. This one is a little different. Google still lists the Wendy's at 40950 Ryan Road as temporarily closed, but Wendy's own website shows it closed every day of the week. The property is also now being advertised as a "Former Wendy's" for sale or lease, so it certainly looks like this location is done for good. Warren. Warren - 31301 M-53 The Wendy's at 31301 M-53 in Warren permanently closed in 2026. The restaurant was located near Chicago Road and became another Metro Detroit Wendy's to shut down this year.

Gannett Co., Inc.
Nov 9th, 2026
Another Wendy's closed: W. Pensacola at Appleyard store is no more.

Another Wendy's closed: W. Pensacola at Appleyard store is no more. Tallahassee Democrat Nov. 9, 2026, 4:09 p.m. ET Tallahassee says goodbye to yet another Wendy's storefront. The fast food joint known for its "fresh, never frozen" square burgers, chili, Frosty desserts and more has closed its longtime location at Appleyard Drive and West Pensacola Street. The Walker Plaza shopping center has seen several closures in recent years, with the shuttering of sandwich shop Which Wich as well as Tex-Mex eatery Moe's, leaving locally owned dessert shop More Than Pudding on its own. When placing an order online, a pop-up notification states, "Sorry, unfortunately, this location has closed. Fortunately, you can choose another location and get the same delicious food." The sudden shuttering of Wendy's stores also includes the South Monroe location in September and the Bradfordville location on 3451 Bannerman Road. In late 2025, the Wendy's on Ocala and Pensacola, directly across from the WestEnd Square shopping center, closed. The Wendy's at 2122 Capital Circle NE also closed. Closures are in line with the company's strategy to close "underperforming units." According to a transcript reported by Investing.com, Wendy's interim CEO and chief financial officer, Ken Cook, announced in an earnings call Nov. 7 that the closure of the underperforming units - up to 360 stores nationwide - is intended to boost sales for remaining locations in the market. Documents show each Tallahassee location was owned by separate entities. The shuttered Capital Circle NE location was one of the 45 establishments that one of the Wendy's chain's largest franchisees operated. Meritage Hospitality Group, which owns 314 Wendy's locations in 15 states, including Florida, filed for Chapter 11 bankruptcy recently, citing profitability issues and beef prices, according to court documents filed this month. The announcement is separate from Wendy's plans to close about 300 stores nationwide starting in late 2025 and the opening of 44 new fast-food restaurants in the first half of 2026. Kyla A Sanford covers dining and entertainment for the Tallahassee Democrat. New restaurant opening up, special deals, or events coming up? Let me know at [email protected]. You can also email your suggestions for a future TLH Eats restaurant profile.

The News & Observer
Oct 25th, 2026
Raleigh car crash and Wendy's bankruptcy lead to closed restaurants. What to know.

Raleigh car crash and Wendy's bankruptcy lead to closed restaurants. What to know. October 25, 2026 1:00 PM Gift Article Key Takeaways AI-generated summary reviewed by its newsroom. News of recent closings are reshaping the dining scene in North Carolina. One involves a car crash at a North Raleigh juice café, and the other stems from a national bankruptcy affecting Wendy's locations across the state. Here are key takeaways: * Kwench Raleigh, a juice café at 9660 Falls of Neuse Road in North Raleigh, will close indefinitely after a car crashed into the building on Sunday, Oct. 12, causing structural damage. Two dogs inside the car were recovered safely, and no people were severely injured, Raleigh police said. * Wendy's is shuttering three North Carolina locations - in Winston-Salem (2735 Reynolda Road), Durham (3527 Hillsborough Road) and Clemmons (1429 Lewisville-Clemons Road) - after franchisee Meritage Hospitality Group filed for Chapter 11 bankruptcy and agreed to close more than 40 stores. The summary points above were compiled with the help of AI tools and edited by journalists. The source reporting referenced above was written and edited entirely by journalists.

IBTimes UK
Oct 22nd, 2026
Wendy's franchisee Meritage Hospitality Group files for Chapter 11 bankruptcy and closes 41 stores.

Wendy's franchisee Meritage Hospitality Group files for Chapter 11 bankruptcy and closes 41 stores. Wendy's closures continue as franchisee files for bankruptcy and shuts 41 US restaurants. Published 22 October 2026, 2:03 PM BST Wendy's franchisee Meritage Hospitality Group has filed for Chapter 11 bankruptcy and is shutting 41 underperforming restaurants across the United States, according to court records. The Michigan-based operator, which runs 314 Wendy's restaurants in 15 states, filed in the US Bankruptcy Court for the Western District of Michigan on 17 September. Court filings state that Meritage had already been cutting back before it sought bankruptcy protection. The documents show the company closed about 60 underperforming Wendy's restaurants from late 2024, while also reducing costs and changing or removing breakfast service at some sites. Under a cash collateral agreement with lenders owed more than $135m (€115m and £101m), Meritage agreed to close at least 30 restaurants that were not meeting profit targets, court documents show. That represents roughly 10% of its Wendy's portfolio. Where the Wendy's closures began. The first five closures were spread across Virginia, Florida, Texas and Oklahoma. They included restaurants in Gordonsville, Jacksonville, Levelland, Tallahassee and Durant, all of which were scheduled to close during the weekend of 25 September, according to court documents. Meritage has scheduled 41 shutdowns, with at least 30 required by 16 October and additional North Carolina locations expected to close later. The company has not published a complete list of every affected restaurant, leaving customers to rely on local notices and Wendy's store listings. Some locations continued to appear in Google listings and on Wendy's own locator around their scheduled closure dates. Meritage said it intended to keep paying its roughly 9,000 employees while the bankruptcy process continued. It has not said how many roles could disappear as the closures proceed, so the employment impact remains unclear. Why Meritage went bankrupt. The company pointed to a combination of pressures in its bankruptcy filings. It cited record beef prices, weaker sales and what it described as the 'reduced frequency and effectiveness of Wendy's brand marketing' under the chain's previous leadership. There is also a dispute with Wendy's itself. The franchising business, Quality Is Its Recipe LLC, notified Meritage on 16 September that its franchise agreements had terminated with immediate effect, according to court filings. Meritage filed for Chapter 11 the following day. Wendy's has claimed in court records that Meritage owes it about $147m (€125m and £110m), including unpaid royalties, advertising and other fees. Meritage disputes the termination of its franchise agreements and is contesting the matter through the bankruptcy case. Court filings list approximately $725.9m in assets against $651.2m in liabilities, while reporting on the case has identified $155m (€132m and £116m) in secured debt. Wendy's own cuts add pressure. Meritage's situation follows wider changes at Wendy's. The company said in November 2024 that it planned to close about 300 locations nationwide that 'do not elevate the brand', according to interim chief executive Ken Cook. The chain had already signalled a smaller round of closures the year before, when it said 140 restaurants would shut. That plan was paired with openings of newer locations expected to perform better, so it was not simply a retreat from the US market. Wendy's shares have fallen about 24% in 2026 and roughly 27% over the past year, while the market reacted to Meritage's bankruptcy with a near-4% drop in the stock. What happens next for Meritage's restaurants. A potential sale could determine the future of part of Meritage's estate. Hiren Patel, owner of Divine Investors, has proposed buying 42 Wendy's restaurants for $18.6m (€15.8m and £14m), subject to court approval, according to court documents reported by Nation's Restaurant News. For now, the closures amount to a franchisee restructuring rather than a collapse of Wendy's as a chain. The outcome of the court process will determine how much of Meritage's Wendy's business is preserved.

Spotcovery
Oct 19th, 2026
No more Wendy's: here's why it's shutting down.

No more Wendy's: here's why it's shutting down. October 19, 2026 If you enjoy Wendy's, you'll no longer be able to grab a hamburger, chicken sandwiches or frozen dessert, depending on your location as several stores have shut down. There are about 5,700 Wendy's in the United States and about 289 locations closed in the first half of 2026. The closures continue as one of its biggest franchises, Meritage Hospitality Group, filed for Chapter 11 bankruptcy and announced the closure of some of its locations. It operates about 300 locations and will be shutting down about 41. It already cut 61 of them, reducing its loss by $7.3 million. Meritage's bankruptcy comes four years after Wendy's gave them a Momentum Award for visionary growth and expansion. The franchise spent $400 million growing its portfolio past 370 units, including about 100 new builds and redesigns of older locations. Wendy's CEO Robert D,. "Rob" Wright said that the closures are part of a systemic program through which they have a realistic look at the business. Furthermore, Rob said that some restaurants will close if it means making Wendy's more healthier. "Understand that the health of franchisees certainly is pressured right now because of the sales declines that we have had. You guys know this business. When you see some of the sales declines, it is going to show up in restaurant profitability. It is going to pressure the franchisees and create a little bit of fragility there." "When it came to closures, I think what you heard in some previous quarters was closures addressed more as a program for the system. You will see us take a much more targeted approach. We are going to come alongside our franchisees if they need our help." "If we need to use closures of a few restaurants here and there to make a portfolio a little bit healthier and help that franchisee get to the right place. Maybe a trade area has moved on, and it's no longer a business that's viable going forward, then we'll certainly help them make that decision, close a restaurant, and get their portfolio healthier. Overall, the health of the system is tied to the health of the brand." Wendy's is struggling due to declining sales as a result of the rising costs of food, transportation, and labor expenses. As an Amazon Associate, Spotcovery earns from qualifying purchases. Spotcovery gets commissions for purchases made through links in this post. Agnes Amondi is a sports enthusiast who enjoys sharing sports knowledge. Over the years, she has also written on different niches, and she now brings that experience at Spotcovery. She writes sports content and also, Arts & Culture, Recipe, Beauty and more. Exclusive Articles

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