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urgerFi is streamlining its real estate portfolio by abandoning leases at four South Florida restaurants and its corporate office in Fort Lauderdale. The fast food chain, which also owns Anthony's Coal Fired Pizza, has terminated leases for its headquarters, three BurgerFi locations in Pembroke Pines, Jupiter, and Delray Beach, as well as a pizzeria in Hallandale Beach, according to a recent bankruptcy filing.

    BurgerFi filed for Chapter 11 protection in Miami federal bankruptcy court on September 11. The company estimated assets between $50 million and $100 million and debt ranging from $100 million to $500 million owed to 50 creditors. Notable South Florida real estate developers and investors, including Ophir Sternberg's Lionheart Capital and Art Falcone, own significant stakes in BurgerFi.

    The bankruptcy petition only applies to 67 corporate-owned restaurants, excluding those owned by franchisees. BurgerFi ceased operations at its corporate office and the four underperforming Broward and Palm Beach county locations due to "burdensome" leases. The company also vacated seven other Florida restaurants and eight outside the state, notifying all landlords.

    BurgerFi attributed its financial struggles to declining sales, reduced foot traffic, rising labor and food costs, and difficulties raising capital. Founded in 2011 as a premium burger concept, BurgerFi expanded by acquiring Anthony's Coal Fired Pizza in 2021, both chains originating in Broward County.