While big-name retailers have hogged a lot of the bankruptcy headlines, that’s not the only sector facing huge post-pandemic financial woes.

In many ways, the same factors that drove Bed Bath & Beyond, Tuesday Morning, and Christmas Tree Shops out of business have impacted some popular fast-food chains. During the long lockdown and social distancing periods, many retailers had to close their stores while restaurants went to pick-up, drive-through, and delivery only.

Related: Another national retailer faces Chapter 11 bankruptcy, default

The biggest restaurants and retailers had the digital infrastructure to mitigate and get around some the of covid-related restrictions. In the retail space, a lot of businesses that might have gone to some of the companies that went out of business went to Amazon, Walmart, Target, Costco, and other titans.

In the restaurant space, chains like McDonald’s and Starbucks which had built up their digital, drive-through, and delivery capacity took business from lesser players who didn’t. Those chains did not invest in digital channels because they expected a pandemic anymore than Amazon built out its infrastructure expecting a global health crisis, but when covid happened, the rich got richer, and lesser players suffered.

Multiple major fast-food franchisees went bankrupt including two major Restaurant Brands International (QSR) – Get Free Report Burger King operators. In addition, Boston Market stands on the brink of insolvency while a number of smaller regional chains disappeared entirely.

Now, another popular regional fast-food chain is about to disappear, but it’s not a Chapter 7 or Chapter 11 bankruptcy filing. Instead, the brand’s owner is doing something else entirely.

Another fast-food brand going away

While Bagger Dave’s may not be a nationally known player, it was a popular brand in Michigan that once operated 28 stores. The chain currently operates locations in Michigan, Indiana, and Ohio.   

A burger chain, Bagger Dave’s also offers pizza which sets it apart from the traditional fast menus at Burger King, McDonald’s, and Wendy’s. Pizza isn’t just a menu tack-on at the chain, it’s made in a pizza oven in the same way dedicated pizza restaurants make it. 

Over the past year, Bagger Dave’s has slowly gotten smaller with most of its locations quietly shutting down.

The chain’s operator, BT Brands (BTBD) – Get Free Report, which owns about 40% of outstanding stock, plans to review strategic alternatives for the chain. That usually means a sale or a shutdown, or sometimes a bankruptcy filing, but that’s not what’s happening here. 

Bagger Dave’s brand is going away

Instead of bankruptcy or a sale, BT Brands plans to convert the remaining Bagger Dave’s locations into an as-yet-undecided new concept. 

“As part of this review, it is anticipated that a proposal will be made to Bagger Dave’s shareholders to change the name of Bagger Dave’s to align the name appropriately with a new business strategy,” BT Brands shared in a press release.

The brand’s CEO Gary Copperud believes that while Bagger Dave’s may not be the right concept, another restaurant might be successful at the remaining locations.

“All six stores are in excellent locations representing an original investment of more than $5 million. The stores range from 4,000 to 6,000 square feet, carry full liquor licenses, and are in excellent physical condition. We have had several restaurant professionals look at the locations over the last year, and all agree the units provide an outstanding footprint for a conversion opportunity,” he shared.

While the company evaluates its operations, the current remaining Bagger Dave’s locations will continue to operate. The company expects that the conversion process will begin later this year.

“We look forward to identifying a dynamic growth opportunity, providing potential career growth for all current employees of Bagger Dave’s. We see the opportunity for Bagger Dave’s shareholders, including BT Brands, to earn significant returns from a successful conversion,” the company added.