On January 15, 2026, Miami-based Sailormen Inc., operator of more than 136 Popeyes in Florida and Georgia, filed for bankruptcy, halting an imminent receivership and providing temporary operating relief. The Sailormen Inc. bankruptcy details show a Popeyes franchisee reporting $233.5 million in sales alongside an $18.8 million net operating loss. Management is exploring restructuring or asset sales after a planned $1 million sale of 16 Georgia locations collapsed. Cheney Brothers Inc. is the largest unsecured creditor at more than $623,000, and smaller regional suppliers face delayed or reduced payments. The case reflects pressures on debt-heavy, multi-unit quick-service operators and potential ripple effects in local real estate.