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That means they didn’t see a dip in sales because of COVID-19.Â. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryan’s Buffet. While we would understand closing some inside of outlet stores, gas stations haven’t been closed during the pandemic. These Restaurant Chains Probably Won’t Make It Through the Year History's 30 Greediest Gold Diggers 31 Richest YouTube Stars Brands We Lost in 2020 These brands didn't live through one of the worst years in modern history. Last quarter marked the 12th straight period of declining sales. While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. The chain closed more than 100 locations over the last year but planned to reopen some to offer counter service, instead of the traditional table service. The restaurant has a pretty strong following that’s been keeping it in business. Like the hotel? It isn’t enough. Because of this, Luby’s sought to sell off most of Fuddrucker’s locations to franchisees. Younger people may not remember a time when Howard Johnson’s was a restaurant. By the end of 2019, Huddle House acquired Perkins, but we suspect that it’s too late. It’s tried catering to unique diets (like keto), but it doesn’t seem to be working to improve sales. So, franchisees filed a lawsuit – the last thing a financially struggling restaurant needs. The brand hasn’t yet declared bankruptcy but closing 450 isn’t a small number. It likely won’t work. 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. Business. Even the best of burgers can’t make up for countless health-code violations. From saving up for your nest egg to navigating the stock market, we'll help you build a better financial future. 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. This is largely due to the fact that Papa Murphy’s has been accumulating debt like it’s going out of style. According to QSR Magazine's annual drive-thru study, last year’s speed-of-service averaged 234 seconds. In 2019, it was discovered that the company as $50 million in debt. 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. Alot Finance The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. Like the hotel? In 2019, the restaurant closed all locations in Alberta. Joe's Crab Shack and Fuddrucker's used to be staples of family vacations, as they are located in traditional "getaway" destinations. In 2014, Quiznos filed for bankruptcy, but recovery wasn’t in sight. Since then, locations have been steadily declining. The last location closed in 2012. Applebee’s has been on the downswing for a while. Apparently, this Canadian chain isn't really killing it in the U.S. Tim Hortons has been … These stores are set to close by the end of the year. Every year, Red Robin gets closer and closer to bankruptcy. Unfortunately, things aren’t working out in Houlihan’s favor. By the end of 2019, Huddle House acquired Perkins, but we suspect that it’s too late. That same year, Perkins filed for bankruptcy for the second time in just 10 years. The same franchisee, NPC International, that owned 1,200 Pizza Huts also owned 400 Wendy’s locations. Fuddrucker’s is owned by Luby’s, which is having its own struggles. It’s been a while. In the last 10 years, Hooters closed over 7% of its stores, and that number is only growing. The last one, located in Walt Disney World’s Wide World of Sports, closed in 2007. There’s a lot of competition for fast food burgers. 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. Today, there are roughly 140 Baja Fresh locations left open. This could be because the stores close without warning, often leaving employees stunned and jobless without a single notice. Last quarter marked the 12th straight period of declining sales. Declining sales and rising labor costs are making it hard for Red Robin to keep its doors open. Unfortunately, it hasn’t made that much of a difference. If this doesn’t work, we may not see this chain much longer.Â. Since then, locations have been steadily declining. On top of that, revenue was down 13%. Wendy’s is another restaurant that’s closing a lot of stores. After dozens of closures, there are only 562 locations. It seems like buffets just aren’t making it. Things seem to be picking up for the company, but all of its brands aren’t performing equally as well. When Steak ‘n Shake first popped up, it did really well. At least Marie Callender’s still has frozen foods, right? It’s tried catering to unique diets (like keto), but it doesn’t seem to be working to improve sales. This is compared to 225 seconds in 2017 and 190 seconds in 2003. For one reason or another, plenty of once-major restaurant chains fall off the face of the earth, never to be heard from again. We all know what happens next – stores close. One thing has become painfully clear in the restaurant industry: buffets are falling out of favor. Unfortunately, things aren’t working out in Houlihan’s favor. The chain has been struggling to get diners to eat there, and guest traffic fell 9.6% in just one year. Customers aren’t too keen on that kind of thing.Â. It expanded throughout America as well as Europe and the Middle East. 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. Considering it was owned by the same people as Perkins, owners hoped the brand would be picked up by Huddle House. The declining chain has shuttered about a fourth of its restaurants over the last two years. Over the dozen years that Restaurant Business has presented the Future 50, simple, easy-to-understand food—pizza, tacos—has dominated the list of fastest-growing small concepts. USA Today referred to this chain as “a fading relic of the 1980s,” and they’re spot on. When was the last time you saw a Baja Fresh? BJ’s is another bar and grill chain, and it’s been struggling lately. Sbarro has been one of the most popular pizza places in America since it popped up over 20 years ago. Everyone loves donuts, but apparently not as much as we used to. Friday’s, there are the ones that didn’t make it. 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). Despite this, Checkers and Rally’s closed dozens of locations in 2019. Locations for this restaurant have been closing to the point where there are only 240 nationwide. Any restaurant that’s been open for a while will experience changes, but Friendly’s has had over its fair share of changes. However, Marie Callender’s wasn’t part of the deal. Then, the recession hit, and it closed around 2,000 locations. That being said, all good things must come to an end. It filed for bankruptcy in 2011, but things didn’t look up as it reported a decline in sales once again. Surprise: Jack in the Box didn’t do it. Alot Finance Papa Murphy’s is a take-and-bake pizza chain. Golden Corral is famed for its extravagant buffet. BJ’s is another bar and grill chain, and it’s been struggling lately. Hey, look on the bright side. Now, there are fewer than 800 stores left.Â. Like with retail, the restaurant industry is struggling to stay afloat. The pizza started to decrease in quality, so people stopped going. The restaurant had been losing money while expanding too quickly. Sadly, things couldn’t stay like that. The company issued a statement that claimed restaurants would remain open, but we all know how quickly things can turn.Â. In 2002, the restaurant was acquired by Wendy’s, and there were close to 300 locations. Casual dining chains are also among the most threatened in the restaurant sector as they rely on … We can’t say it’ll 100% gone by the end of the year, but chances aren’t good. While we can never be 100% certain, we’re guessing that these restaurants won’t make it through the year. In the last 10 years, Hooters closed over 7% of its stores, and that number is only growing. Hooters was one of the biggest “breastraunts” in the business, but millennials aren’t digging the atmosphere. Every year, Red Robin gets closer and closer to bankruptcy. These Restaurant Chains Probably Won’t Make It Through the Year Like with retail, the restaurant industry is struggling to stay afloat. Over the last two years, Applebee’s has closed more than 120 locations, and it’s looking to close more in the coming year. Finance.alot.com has come out with a list of restaurants that might not make it through the end of the year. Due to poor sales and fewer customers year-over-year, it’s clear that this restaurant may not last much longer. Declining sales and rising labor costs are making it hard for Red Robin to keep its doors open. The bankruptcy papers show that the company is over $100 million in debt. The bankruptcy comes after state-wide shutdowns from the COVID-19 crisis. Some of the biggest celebrity athletes of the '90s were behind The Official … Things didn’t pick up, and Marie Callender’s was forced to file for bankruptcy again in 2019. 10. The company responded by “temporarily” closing 103 restaurants while searching for more investors. Malls are closing, so O’Charley’s can’t be far behind.Â. In 2019, Restaurant Business found the chain was $170 million in debt. Considering the pandemic has hit a second wave, we’re not sure this kid-friendly pizza place will make it through the year. Business. The parent company, NRD Capital, released a statement that stated the restaurant can recover from this downfall as long as it can “deliver on the basics.” We’ll just have to wait to see. When was the last time you saw a Baja Fresh? 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. Previous. The company was $57 million in debt, and it hoped the bankruptcy would save the remaining 58 restaurants. It’s time to shutter Fuddrucker’s for good.Â. The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. NPC International filed for Chapter 11 bankruptcy following the prolonged shutdown of COVID-19. Restaurant chains such as Burger Chef, Howard Johnson's, and others used to be some of America's favorite places to eat out. That means they didn’t see a dip in sales because of COVID-19.Â. A total of 1,200 Pizza Huts are going to shut down in 27 states. 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. 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. Luby’s closed 14 locations, but it’s not helping much. Soon after, franchisees cried out, saying the CEO should be replaced. But when patrons are barely able to visit restaurants for health reasons (to say nothing of the open-for-all nature of buffets), you can imagine that the bottom lines of businesses like Gold Corral have been impacted. Anyone who loves these restaurants should get all they can before they're gone! 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 … One of those is Carrabba’s Italian Grill. Customers aren’t too keen on that kind of thing.Â. 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