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TGI Fridays Bets on a Travel Center Operator in Las Vegas
LV Petroleum, which runs 84 travel centers and 180 quick-service restaurants, will open five Fridays over three years with sole rights to the market.
A Schlotzsky's Franchisee Made 0.5% Margins, Then Filed
JPrieto Hospitality, a North Texas operator, filed for bankruptcy protection Nov. 5 after keeping about $45,000 of $8.2 million in 2025 revenue.
On $8.2 million in 2025 revenue, JPrieto Hospitality kept $45,051 in ordinary business income, a margin of roughly 0.5%, according to court documents reported by QSR Magazine. The North Texas Schlotzsky's franchisee filed for bankruptcy protection Nov. 5 in the Western District of Texas, listing about $533,000 in assets and $351,000 in liabilities. Franchisor GoTo Foods is its largest unsecured creditor, owed about $148,642.
JPrieto ran eight restaurants at the end of 2025; its filing lists five, in Fort Worth, Mansfield, Grand Prairie and Cedar Hill. It plans to reorganize and keep operating.
The case follows EYM Diner's Chapter 11 on 30 Denny's and a string of franchisee filings tracked by Franchise Times this fall.
Priya Shah
Senior Reporter
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