restaurant chains that won't make it through the year


It won’t be long before the last store closes. Carrabba’s Italian Grill is owned by Bloomin’ Brands, a company that was struggling not too long ago. Ruby Tuesday used to be where everyone went to hang out, but not so much anymore. Since then, locations have been steadily declining. The chain has filed for not one, not two, but three bankruptcies, with the latest being in 2016. Soon after, franchisees cried out, saying the CEO should be replaced. Management claimed that it was due to the fact avocado prices took a 50% price hike. Malls are closing, so O’Charley’s can’t be far behind.Â. It likely won’t work. When Steak ‘n Shake first popped up, it did really well. It seems like buffets just aren’t making it. The reason we’re guessing its demise is because O’Charley’s has depended on customers from malls to succeed year-over-year. The company was $57 million in debt, and it hoped the bankruptcy would save the remaining 58 restaurants. Soon after, franchisees cried out, saying the CEO should be replaced. The same franchisee, NPC International, that owned 1,200 Pizza Huts also owned 400 Wendy’s locations. Everyone loves donuts, but apparently not as much as we used to. While that could impact things, it can’t be the only reason the company is struggling. The final death knell was the moment malls started closing left and right. If you’ve never heard of Burger Chef, I know you’re familiar with what the chain gave to the fast-food industry. Today, there are roughly 140 Baja Fresh locations left open. Sbarro has been one of the most popular pizza places in America since it popped up over 20 years ago. In 2018, 97 restaurants shut down, and more followed in 2019. That means brands like Applebee's, Checkers and Rally's, and Ruby Tuesday are having a tough go of it. While no one can be 100% sure these chains will … Kids used to beg their parents to go to Chuck E. Cheese, but the chain has fallen on hard times. At the time, sales were down 4%. There’s McDonald’s, Burger King, Hardees (or Carl’s Jr.), and tons of others. Houlihan’s once had 84 locations, but now it’s down to 47. For a look at the major fast-food chains that opened more than 100 restaurants last year, see The 9 Fastest-Growing Fast-Food Restaurant Chains ... writers through my Make a … In an attempt to cater to the new demographic, Hooters opened fully-clothed locations called Hoots, where people can get their food without being bombarded by the “breastaurant” atmosphere. In the ’90s, there were over 1,100 locations, but now it’s lower than 400. For the last few years, sales have dropped and dropped. Chipotle has a notorious reputation for making people sick – literally. At the time, it had around 5,000 stores. Sales continued to drop, and stores began to close.  Now, there are approximately 650 locations left. The fact of the matter is that full-service bar and grill chains are struggling, and O’Charley’s is one of those. The chain filed for bankruptcy, and many of the stores it planned to open were scrapped. The last one, located in Walt Disney World’s Wide World of Sports, closed in 2007. The company that owns the brand claims that the other didn’t pay royalties for the brand and used unapproved products. The number of locations was once in the hundreds, but now, there’s only 65. In 2002, the restaurant was acquired by Wendy’s, and there were close to 300 locations. If you're looking to grab a bite to eat or a cup of coffee on New Year's Eve or New Year's Day, there are many options. One thing has become painfully clear in the restaurant industry: buffets are falling out of favor. It filed for bankruptcy in 2011, but things didn’t look up as it reported a decline in sales once again. Unfortunately, things aren’t working out in Houlihan’s favor. NPC International filed for Chapter 11 bankruptcy following the prolonged shutdown of COVID-19. Over the last two years, Applebee’s has closed more than 120 locations, and it’s looking to close more in the coming year. The bankruptcy comes after state-wide shutdowns from the COVID-19 crisis. Houlihan’s has been a happy-hour spot for ages. In 2017, Joe’s Crab Shack filed for bankruptcy. After filing for Chapter 11, the company shuttered 28 of its 134 remaining stores across the country. Poor Quiznos. The company issued a statement that claimed restaurants would remain open, but we all know how quickly things can turn.Â. With all the fines and struggles with food safety, who knows what will happen? One by one, the brand has been closing its once-popular locations in an attempt to stave off bankruptcy. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryan’s Buffet. That’s a pretty big chunk. Even the best of burgers can’t make up for countless health-code violations. So, franchisees filed a lawsuit – the last thing a financially struggling restaurant needs. While we would understand closing some inside of outlet stores, gas stations haven’t been closed during the pandemic. The restaurant also had a “Works Bar” where customers could add their own toppings to their burgers. That means they didn’t see a dip in sales because of COVID-19.Â. The chain has been closing locations at an alarming rate. This is another one that many younger people won’t recognize as a restaurant, and that’s just a testament to how many Marie Callender’s closed over the years. Others have been impacted by the lastest worldwide health crisis. However, after filing for bankruptcy in 1998 the company was acquired and sold in 2001. Any restaurant that’s been open for a while will experience changes, but Friendly’s has had over its fair share of changes. Every year, it seems like hundreds of people get ill from eating at the restaurant. Even the best of burgers can’t make up for countless health-code violations. The casual US sit-down restaurant chain announced this month that it will be shuttering more than 130 of its restaurants by 2018, the result of poor … Keep reading to see 15 retail and restaurant chains that are bucking the trend and continuing to grow. Ruby Tuesdays was one of the first chains to update its menu and feature craft cocktails, but it wasn’t enough to keep things running smoothly. Then, the reason became quite clear. Regardless, we’re not sure it’ll help in the long run. This sandwich chain peaked in the early 2000s, but it’s just a shadow of what it once was. Now, the company has been hit with a child labor violation in Massachusetts, which could further damage reputation and sales. The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. This is largely due to the fact that Papa Murphy’s has been accumulating debt like it’s going out of style. Nope. Business. Luby’s closed 14 locations, but it’s not helping much. Krystal’s is a southern company that seemed almost untouchable. The bankruptcy papers show that the company is over $100 million in debt. When was the last time you saw a Baja Fresh? In an attempt to cater to the new demographic, Hooters opened fully-clothed locations called Hoots, where people can get their food without being bombarded by the “breastaurant” atmosphere. Late January 2020, Krystal’s filed for bankruptcy due to being in debt. This seafood restaurant chain, which first opened in Houston in 1991, shrank by over a third when 41 locations abruptly went out of business in 2017. Qdoba is owned by Jack in the Box, so if that company is struggling, it isn’t odd that this one would be as well. Honestly, we don’t see this restaurant making it through 2020 without significant changes to its practices and menu – $1 mixers won’t do it.Â. The company filed for bankruptcy in 2011 and shut down 31 locations that year alone. In 2014, Quiznos filed for bankruptcy, but recovery wasn’t in sight. Unfortunately, it hasn’t made that much of a difference. 10. While 2016 was a rough year for chain restaurants, more than half of the industry’s $521.9 billion still comes from the Top 500 chains—and nearly 94% of those dollars and 93% of those units are represented in the Top 250. BJ’s is another bar and grill chain, and it’s been struggling lately. It likely won’t work. Millennials, in particular, put more emphasis on freshly-prepared, quality ingredients, something Applebee’s isn’t known for. Shutterstock. This one is a long time coming. Well, that basically defines Golden Corral to a “t.” While older folks still love this restaurant, younger people prefer something a little different. Declining sales and rising labor costs are making it hard for Red Robin to keep its doors open. The chain filed for bankruptcy, and many of the stores it planned to open were scrapped. While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. Over the last two years, Applebee’s has closed more than 120 locations, and it’s looking to close more in the coming year. People prefer quality food rather than a massive quantity. Unfortunately, after filing for bankruptcy in 1998, all but one of the stores were … The worst part is that the parent company, Food Management Partners, often closes restaurants without warning the employees. Last quarter marked the 12th straight period of declining sales. Houlihan’s decided to alter its menu and even added a few “Veggie Good” options to attract millennials. New customers aren’t interested. Take a tasty trip down memory lane with our favorite failed restaurants. While we can never be 100% certain, we’re guessing that these restaurants won’t make it through the year. Sales continued to drop, and stores began to close.  Now, there are approximately 650 locations left. Krystal’s is a southern company that seemed almost untouchable. Last year, Boston Market began shutting down its stores, and now, 10% of its locations disappeared. There’s a lot of competition for fast food burgers. Red Robin has had declining sales, and that’s really starting to hurt. Ruby Tuesday used to be where everyone went to hang out, but not so much anymore. Unless Steak ‘n Shake finds more money, it won’t be around at the end of 2020, so get your shakes while you can.Â. It owed anywhere between $50 to $100 million (the actual number hasn’t been reported). Houlihan’s has been a happy-hour spot for ages. Tim Hortons. Coined "dial-a-pizza," the Seattle-based chain grew to 42 restaurants. Every year, Red Robin gets closer and closer to bankruptcy. The restaurant has a pretty strong following that’s been keeping it in business. The worst part is that the parent company, Food Management Partners, often closes restaurants without warning the employees. BJ’s doesn’t have many locations open (around 150), and that number started to fall in 2017 as stores shut down. It’s time to shutter Fuddrucker’s for good.Â. In 2018, 97 restaurants shut down, and more followed in 2019. This one is a long time coming. Applebee’s has been on the downswing for a while. O’Charley’s refuses to divulge details about its financial situation, which doesn’t bode well. After dozens of closures, there are only 562 locations. Restaurant Chains That Won’t Make It Through the Year Like with retail, the restaurant industry is struggling to stay afloat. Like with retail, the restaurant industry is struggling to stay afloat. From saving up for your nest egg to navigating the stock market, we'll help you build a better financial future. But bad business decisions and changes in the way we eat spelled the end of these and other popular fast food chains. These places have had a good run, right? This is a list of defunct fast-food chains.A restaurant chain is a set of related restaurants with the same name in many different locations that are either under shared corporate ownership (e.g., McDonald's in the U.S.) or franchising agreements. The brand hasn’t yet declared bankruptcy but closing 450 isn’t a small number. Over the last year or so, Bar Louie has been closing locations like crazy. The company also listed about 45 leases it chose to reject, including some locations in California, Florida, Massachusetts, Ohio, and Oklahoma. This year alone, Chipotle will close up to 65 stores. Business. Carrabba’s Italian Grill is owned by Bloomin’ Brands, a company that was struggling not too long ago. USA Today referred to this chain as “a fading relic of the 1980s,” and they’re spot on. In 2018, the business started looking for financial help because it had been struggling. Hooters was one of the biggest “breastraunts” in the business, but millennials aren’t digging the atmosphere. Considering the pandemic has hit a second wave, we’re not sure this kid-friendly pizza place will make it through the year. We borrowed the grades from the 2018 report, Chain Reaction IV, Burger Edition put out by the Natural Resources Defense Council (NRDC), the Center for Food Safety, Consumer Reports, and several other organizations. For one reason or another, plenty of once-major restaurant chains fall off the face of the earth, never to be heard from again. Locations for this restaurant have been closing to the point where there are only 240 nationwide. It won’t be long before the last store closes. Whether it’s because these places can’t attract customers or because of poor spending habits, tons of big-name stores won’t make it through this year. However, Marie Callender’s wasn’t part of the deal. Honestly, we don’t see this restaurant making it through 2020 without significant changes to its practices and menu – $1 mixers won’t do it.Â. Here are 29 restaurant chains … The last location closed in 2012. So, franchisees filed a lawsuit – the last thing a financially struggling restaurant needs. It was struggling before all these issues, and it’ll continue to struggle in 2020.Â. After filing for Chapter 11, the company shuttered 28 of its 134 remaining stores across the country. There was a disagreement-turned-lawsuit between the company that owns the restaurant and a regional company that operates 26 Perkins restaurants. However, they simply failed in competing against other steakhouse chains, such as Outback, Sizzler and Stuart Anderson’s Black Angus and filed bankruptcy in 1987. O’Charley’s refuses to update the menu, which is how you attract new customers (and bring back old ones). Hey, look on the bright side. Surprise: Jack in the Box didn’t do it. By doing this, Luby’s is offloading its lowest-performing stores, but who is going to purchase a bad restaurant? At least Marie Callender’s still has frozen foods, right? We all know what happens next – stores close. The restaurant is known for its burritos, taquitos, and self-serve salsa bar, but that just isn’t cutting it in 2020. This accounts for nearly 40,000 employees. Late 2019, Sbarro closed its historic Times Square location, which accompanies over 200 stores that recently closed, as well. That same year, Perkins filed for bankruptcy for the second time in just 10 years. The company filed for bankruptcy in 2011 and shut down 31 locations that year alone. Things seem to be picking up for the company, but all of its brands aren’t performing equally as well. Now, it’s to the point where the stock has now plummeted 25%. With all the fines and struggles with food safety, who knows what will happen? List of defunct fast-food restaurant chains; List of ice cream parlors; List of pizza chains; Lists of restaurants; List of revolving restaurants; List of seafood restaurants; References This page was last edited on 8 January 2021, at 06:58 (UTC). The bankruptcy comes after state-wide shutdowns from the COVID-19 crisis. One of the biggest hits recently was the bankruptcy of one of the largest Pizza Hut franchisees. The company that owns the brand claims that the other didn’t pay royalties for the brand and used unapproved products. Because of this, Luby’s sought to sell off most of Fuddrucker’s locations to franchisees. Overall, it’s accrued a debt of nearly $1 billion. Macro Axis puts the risk of bankruptcy at 45%, which is higher than that of the restaurant industry, which is 37%. While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. Papa Murphy’s is a take-and-bake pizza chain. In 2019, the restaurant closed all locations in Alberta. It was struggling before all these issues, and it’ll continue to struggle in 2020.Â. It isn’t enough. What we do know is that the chain closed at least 20 restaurants since 2016; eight of those closed in one day. Apparently, this Canadian chain isn't really killing it in the U.S. Tim Hortons has been … Like with retail, the restaurant industry is struggling to stay afloat. That’s a shocking number. Houlihan’s decided to alter its menu and even added a few “Veggie Good” options to attract millennials. There’s more: Burger Chef also patented the flame broiler, becoming the first restaurant to sell flame-broiled burgers. It’s been a while. Some people will just have to drive a little farther for their Baconator. Macro Axis puts the risk of bankruptcy at 45%, which is higher than that of the restaurant industry, which is 37%. Late 2019, Sbarro closed its historic Times Square location, which accompanies over 200 stores that recently closed, as well. Younger people may not remember a time when Howard Johnson’s was a restaurant. Considering there were once over 1,000 locations, it’s crazy to believe that it fell out of favor so quickly. Top 500. Notice how we didn’t mention Jack in the Box? In 2019, Restaurant Business found the chain was $170 million in debt. This accounts for nearly 40,000 employees. Unlike Christmas, when many major chains closed, more restaurants will … Millennials, in particular, put more emphasis on freshly-prepared, quality ingredients, something Applebee’s isn’t known for. The growing spending power of Gen Z is the perhaps the strongest undercurrent of predicted changes, with experts anticipating the consumer base will drive investment in experiential LTOs, lifestyle campaigns, the growth of micro chains and more. Thankfully, Pizza Hut has other franchisees, so the brand will live to see another day.Â. There’s a lot of competition for fast food burgers. Management claimed that it was due to the fact avocado prices took a 50% price hike. The restaurant can’t keep up. Restaurant industry financial statistics indicate that restaurant owners usually make around $60,000 a year, which makes their monthly income some $5,000. It’s closed pretty much every location except one, and you can hear the death rattle of that last, surviving restaurant. Here are the four metrics we used to determine each chain's final grade. In 2017, Joe’s Crab Shack filed for bankruptcy. Hooters was one of the biggest “breastraunts” in the business, but millennials aren’t digging the atmosphere. When was the last time you saw a Baja Fresh? After dozens of closures, there are only 562 locations. Those who used to go to the restaurant may notice that driving to get dinner there is tougher than it used to be. These restaurants are trying their best, but when you get down to the nitty-gritty, these brands just can’t cut it in the tough industry today. While we can never be 100% certain, we’re guessing that these restaurants won’t make it through the year. The fast-casual Mexican chain started in Denver back in 1995, and despite closing numerous locations over the years, it has continued to replace them with new eateries. For the last few years, sales have dropped and dropped. This one is pretty unique compared to others on the list. It seems like buffets just aren’t making it. Considering there are over 6,700 Wendy’s locations, the brand won’t see a huge dent in profits. It’s closed pretty much every location except one, and you can hear the death rattle of that last, surviving restaurant. If you think about it, when was the last time someone said, “let’s go to Sbarro!” Exactly. Friendly’s rebounded from a 2011 bankruptcy, but 2018 sales declined by more than 11%. That doesn’t change the fact that this chain (if you can call it that anymore) will fall by the end of 2020. The bankruptcy papers show that the company is over $100 million in debt. It isn’t enough. While we would understand closing some inside of outlet stores, gas stations haven’t been closed during the pandemic. Minnie Pearl's Chicken Then, we all realized why. HomeTown Buffet goes by one of four names. Two of those locations were in the Chicago area, where the company started in 1990. The company responded by “temporarily” closing 103 restaurants while searching for more investors. The chain has been struggling to get diners to eat there, and guest traffic fell 9.6% in just one year. Boston Market just refused to update its restaurant and menu. O’Charley’s refuses to divulge details about its financial situation, which doesn’t bode well. Because of this, Luby’s sought to sell off most of Fuddrucker’s locations to franchisees. Despite offering fresh foods that aren’t microwaved or frozen, customers aren’t visiting. The restaurant can’t keep up. The statement seemed to focus on the fact that Dunkin’ isn’t suffering, but rather looking to put these stores in better places. Despite this, Checkers and Rally’s closed dozens of locations in 2019. Younger people may not remember a time when Howard Johnson’s was a restaurant. Along with the bankruptcy, Joe’s suddenly closed 41 restaurants without even informing employees. Along with that, it closed several of its locations. A total of 1,200 Pizza Huts are going to shut down in 27 states. Casual dining chains are also among the most threatened in the restaurant sector as they rely on … The group has been struggling with the pandemic and shutdowns since everything began. One weekend in 2019, a total of 23 Friendly’s locations shut down, but that’s only a smaller part of what’s been going on. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryan’s Buffet. Now, there are fewer than 800 stores left.Â. On top of that, revenue was down 13%. Some people will just have to drive a little farther for their Baconator. If this doesn’t work, we may not see this chain much longer.Â. These places, too, have been on a downturn. The chain axed 67 out of its 647 locations in 2013, but as of 2017, 729 restaurants were in operation. The restaurant had been losing money while expanding too quickly. Along with the bankruptcy, Joe’s suddenly closed 41 restaurants without even informing employees. We all know what happens next – stores close. > In the last 10 years, Hooters closed over 7% of its stores, and that number is only growing. A decade ago, there were almost 950 Ruby Tuesdays, but today, there’s only 460. Wendy’s is another restaurant that’s closing a lot of stores. The reason we’re guessing its demise is because O’Charley’s has depended on customers from malls to succeed year-over-year. Declining sales and rising labor costs are making it hard for Red Robin to keep its doors open. This one is pretty unique compared to others on the list. People prefer quality food rather than a massive quantity. Last year, Boston Market began shutting down its stores, and now, 10% of its locations disappeared. Fuddrucker’s is owned by Luby’s, which is having its own struggles. They won’t be wealthy for long, however, because a lot of chains have had to shut up shop in some of their many locations due to a decrease in loyal diners. The group has been struggling with the pandemic and shutdowns since everything began. Some brands were already having a tough time as Millennials have moved away from some legacy nationwide chains toward locally-owned operations. That being said, all good things must come to an end. The number of locations was once in the hundreds, but now, there’s only 65. Customers aren’t too keen on that kind of thing.Â. Locations for this restaurant have been closing to the point where there are only 240 nationwide. Unless Steak ‘n Shake finds more money, it won’t be around at the end of 2020, so get your shakes while you can.Â. Due to poor sales and fewer customers year-over-year, it’s clear that this restaurant may not last much longer. This is largely due to the fact that Papa Murphy’s has been accumulating debt like it’s going out of style. That same year, Perkins filed for bankruptcy for the second time in just 10 years. Alot Finance One of those is Carrabba’s Italian Grill. Surprise: Jack in the Box didn’t do it. New customers aren’t interested. It expanded throughout America as well as Europe and the Middle East. These Restaurant Chains Probably Won’t Make It Through the Year 31 Richest YouTube Stars 25 Most Expensive Places to Live in the U.S. Brands We Lost in 2020 These brands didn't live through one of the worst years in modern history. That’s a shocking number. The chain has been closing locations at an alarming rate. That doesn’t change the fact that this chain (if you can call it that anymore) will fall by the end of 2020. Now, there are fewer than 800 stores left.Â. In 2019, Restaurant Business found the chain was $170 million in debt. Considering it was owned by the same people as Perkins, owners hoped the brand would be picked up by Huddle House. Perkins Restaurants & Bakery has had a tough time in the last year. Poor Quiznos. The same franchisee, NPC International, that owned 1,200 Pizza Huts also owned 400 Wendy’s locations. Malls are closing, so O’Charley’s can’t be far behind.Â. 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