Krystal Company Not Paying Rent / Bankruptcy?
UPDATE 1/23/20
As you know, Krystal has filed Chapter 11. We have a Krystal landlord creditor group forming. To explore joining, please go HERE
UPDATE 1/20/20
On January 19, 2020, The Krystal Company, LLC and its affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. more info
IF YOU ARE A KRYSTAL PROPERTY OWNER….. contact us to be put in touch with other Krystal owners who are organizing as a creditor group.
12/4/19
A client owns a couple year old Krystal Company net lease deal with over a decade left on the lease. They stopped paying rent in November and said the store is "under review". Obviously, this reason and/or most reasons for that matter does not give them the right to not pay rent. We have checked and are watching the news and see they are going through management changes. However….
Anybody else having rent payment issues with Krystal? Any rumors of bankruptcy?
The lease is with the parent company and glad it is not some 2 or 5 unit sheltered LLC.