Subway store closures: See a list of shuttered locations after a large franchisee filed for bankruptcy

MTF Subs, a significant Subway franchisee operating dozens of restaurants across Maine and Virginia, has closed six locations after filing for Chapter 11 bankruptcy in January. Court records reviewed by Fast Company indicate that MTF Subs' affiliates rejected leases for these six sites, with additional closures potentially following as the franchisee evaluates its remaining store portfolio. A bankruptcy judge has granted MTF Subs until August to determine whether to reject further leases. The company cited financial difficulties stemming from challenging merchant cash advance repayments as the reason for its bankruptcy filing. MTF Enterprises and MTF Holdings are listed as the primary debtors in the joint bankruptcy cases filed in the U.S. District Court for the Eastern District of Pennsylvania. The franchisee anticipated saving over $10,000 per month in lease costs through these closures. As of Monday, the shuttered Subway locations were still visible on Subway's store locator, though without operating hours, and marked as "temporarily closed" on Google Maps.