Sandwich franchise closes three Madison locations

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Potbelly Sandwich Shop has closed its State Street, West Towne Mall, and University Avenue locations, leaving only the location near East Towne Mall open, according to a Wisconsin State Journal story.

The franchise chain was criticized this spring for applying for Paycheck Protection Program funds and said it would return the $10 million loan it received. Most Potbelly locations, including the one remaining open in Madison, are corporate-owned, with approximately 10% franchised.

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