Moto Photo Outlines New Business Plan

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Dayton, Ohio--In an effort to sweep away past financial problems, Moto Photo Inc. has begun a two-pronged approach to secure a future. On November 25, the photo processor filed for Chapter 11 bankruptcy protection. As part of its restructuring plans, the company plans to sell nearly all its assets to MOTO Franchise Corp. The sale is not final and must be approved by the bankruptcy court.

MOTO Franchise Corp. will differ from Moto Photo in that it will not own stores. Moto Photo owns 11 stores that will close unless they can be sold before MOTO Franchise Corp. takes over, which should take 45 to 60 days. -Dayton Business Journal

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Make sure you’re covered for physical injuries or property damage at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur