50 Restaurant Chains That Will Close Their Doors Before The End Of 2020

Published on 06/11/2020
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It’s quite surprising to see just how many retail stores have recently announced their nationwide branch closures. Besides for retail stores, many restaurants are also experiencing hardships. They have experienced a huge drop in traffic and have started to downsize and shut branches across the US as well. Many restaurants have stopped or changed their services for the purposes of more recent regulations, however, there are also several that that are also some facing permanent closures due to a decline in business. Here’s a list of restaurant chains that will be closing their stores by the end of this year.

Restaurant Chains That Are Closing Branches In 2020

50 Restaurant Chains That Will Close Their Doors Before The End Of 2020

Jack In The Box

Jack in the Box is a popular fast-food chain that serves delicious bar food, it runs approximately 2,200 locations, with several of them in the East Coast and Midwest. Additionally, it used to be the owner of Qdoba, Chipotle’s main rival. While Jack in the Box publicized its idea for a nationwide expansion, it has, unfortunately, had to close many branches in the West. They have faced some real difficult times such the deadly e. Coli outbreak that shook the company back in the late 1990s.

Jack In The Box

Jack In The Box

Luby’s

The franchise Luby’s Inc. has numerous affiliates that are quite popular restaurant chains such as Luby’s, Cheeseburger in Paradise, Koo Koo Roo, and Fuddruckers. Originally established in Texas 72 years ago, the company was previously called Luby’s Cafeterias, Inc. before changing its brand. As for the restaurant Luby’s, it has 83 branches all over Houston and one in Mississippi. Houston now houses its headquarters, however, Luby’s was first established in San Antonio. It has been said that Luby’s would be closing down its unsuccessful branches. But this is not the first time that the restaurant has done something like this. Previously when they shut down a handful of their branches, they claimed a $6.6 million profit, which naturally increased their profits.

Luby’s

Luby’s

Pizza Hut

Pizza Hut was initially established in 1958, in Wichita, Kansas. It has been over 60 years since the first store opened its doors and it has developed a lot throughout the years with about 18,431 branches worldwide Its holding company is the huge Yum! Brands, which has made some critical decisions with regards to Pizza Hut. There are nearly 7,500 Pizza Hut restaurants just in America alone. However, Pizza Hut has some intentions to shut as many as 7,000, to assist with stabilizing their profits. Nevertheless, there is a huge need for Pizza Hut to restructure itself very quickly to keep their heads able water during 2020.

Pizza Hut

Pizza Hut

O’Charley’s

With 200 locations and non of them are franchised, the relaxed restaurant chain O’Charley’s are situated in 17 states throughout the Midwest and South, going as far as Ohio in the north and Louisiana in the south. The franchise shortly announced closures and in June 2019, it shut down eight stores in one day. It no more runs stores in Florida, its last remaining restaurant was shut in 2019. Fidelity National recently announced that “what’s left” of O’Charley’s would be obtained by them. It is not certain whether Fidelity will attempt to restore the restaurant.

O’Charley’s

O’Charley’s

Steak ‘N Shake

The cool burger franchise runs businesses in the USA, the Middle East, and Southwest Europe. Steak ‘N Shake was established by Gus Belt in Normal, Illinois in 1934 but is currently owned by Biglari Holdings. Currently, its headquarters is situated in Indianapolis, Indiana. Out of the 628 restaurants that Steak ‘N Shake owns, 214 are franchised. The chain also has a large number of employees- 21,000.  But with all this being said a great number of branches will be temporarily shutting down until the restaurants are able to guarantee new franchise partners.

Steak ‘N Shake

Steak ‘N Shake

Red Robin

The burger chain Red Robin was founded in Seattle, Washington, in 1969 but just a decade later, it then opened its first franchised restaurant in Washington. At the moment the business possesses 562 restaurants, 90 of which are franchises. The chain has a few Canadian stores as well, and its present headquarters which are in Colorado. Red Robin has said it will be closing down 35 restaurants as well as laying furloughing several top HQ employees to try to save on the losses that they experienced from COVID-19. For the moment, the casual dining chain still denies the activist investors’ recommendations of shutting down the whole company.

Red Robin

Red Robin

HomeTown Buffet

At the height of its business, HomeTown Buffet had over 250 restaurants. Its mother company is Ovation Brands,  lately bought by Food Management Partners, Inc. Old Country Buffet, Furr’s, Ryan’s Grill, and Tahoe Joe’s are also run by Ovation, which had been a solitary company for about 28 years. HomeTown Buffet is an auxiliary branch that certainly feels the new management hugely since the buffet-style restaurant chain went from running 250 stores to only 33.

HomeTown Buffet

HomeTown Buffet

McCormick & Schmick’s

McCormick & Schmick’s, the American seafood restaurant has closed approximately half of its branches, with further to shut in 2020. In 1979, Bill McCormick and Douglas Schmick established the restaurant and its primary location is in Portland, Oregon. McCormick & Schmick’s is a supplementary branch of Landry’s, Inc., which is actually the cause of the closures. At the moment, there are only about 40 branches in America and five in Canada, and all of its profits, proceeds, and assets have definitely dropped. Its foundation was moved to Texas by Landry’s, which heads McCormick & Schmick’s along with managing the closures.

McCormick & Schmick’s

McCormick & Schmick’s

Fuddruckers

Most people know this burger chain for baking buns and grinding its meat on-site. In the US, Fuddruckers had 77 company-operated stored 111 franchises. Its profits are approximately $150 million, but it is shutting down stores which aren’t earning them enough profits that can further develop their profits. Its headquarters is situated in Houston, Texas and its founder is Phil Romano, who subsequently left the company to establish his own Macaroni Grill. The build-your-own-burger restaurant chain has had several owners and has filed for bankruptcy before.

Fuddruckers

Fuddruckers

Roy Rogers

The burger restaurant, Roy Rogers was actually named after the Western actor Roy Rogers and operates in the Mid-Atlantic and Northeast region of the US. Roy Rogers Restaurants was previously known as RoBee’s House of Beef until the Marriott Corporation purchases the restaurant chain back in 1968 and it was in the same year, the name Roy Rogers was used for the first time. With an impressive yet strong sales campaign, Roy Rogers Restaurants attracted many customers quickly and at its peak, it had approximately 600 branches in America. During 1990, Hardee’s mother company purchased it and the amount of stores has sadly decreased down to 48.

Roy Rogers

Roy Rogers

Boston Market

Initially called Boston Chicken, Boston Market are experts in rotisserie chicken. The informal restaurant is owned by Sun Capital and headquartered in Florida. Although many of the  Boston Market branches are situated in the Midwest and Northeast US, you can easily locate a branch in Florida because Sun Capital owns the restaurant. From the beginning of 2013, there were 462 stores operating however the number of branches and employees has significantly decreased over the years. According to a statement released by the Boston Market, it said that the restaurant was going through a “multifaceted transformation plan,” which is why they were so many swift shutdowns.

Boston Market

Boston Market

Perkins

The privately-owned, breakfast, and bakery chain, Perkins was established in Cincinnati, Ohio back in 1958. It was first known as Perkins Pancake House, but in 1982 it began using the name Perkins Family Restaurant. Currently, it is situated in about 32 states around the US and four Canadian provinces. Marie Callender the one actually filed for bankruptcy on August 5, 2019. It is speculated that after its quick closures with basically no notice given to both staff and customers, there was a huge amount of criticism. As many as 2,500 employees were dismissed.

Perkins

Perkins

McDonald’s

One of the most popular restaurants, not only in the US but probably in the world is unfortunately on this list too. The flagship restaurant of America – with the billions of burgers served and millions of dollars made was unfortunately not immune to the COVID-19 pandemic. After halting several of its operations overseas (including Israel, the UK, Spain, and Italy), the fast-food tycoon was compelled to close its doors throughout the U.S. as well. Luckily the chain has made a comeback, especially through its new business model. While some stores will be permanently closed, other branches have made the shift to offering takeaways only.  But the termination of on-site dining has already taken a huge amount off of the walk-in market of McDonald’s.

McDonald’s

McDonald’s

Del Taco

First established in the 1960s, this Mexican-inspired restaurant not only serves Mexican food but burgers and fries too. Del Taco has 564 restaurants overall and is more common in the Southwest and West. In 2020, it has predicted that they will close down the stores that are less popular, however, it is going towards franchisee domain. During 2015, Levy Acquisition purchased Del Taco, which then became a public company. For the time being, they are situated in 15 states, however, not too long ago Del Taco expanded into Detroit as well, unfortunately, they did not have much success in its eastward development. Regardless, their profits can still battle with Taco Bell.

Del Taco

Del Taco

Burger King

Ah, don’t we all love Burger King? This fast-food chain’s main rivals are Wendy’s and McDonald’s. Burger King made a recent announcement that it would be closing down approximately 200 to 250 unsuccessful stores, which is a rise compared to the 100 to 150 restaurants it had been closing down each year before. Oribaglly founded in 1966, the burger fast-food giant has been around for quite some time and was actually initially “Insta-Burger King” in Jacksonville, Florida – its headquarters are currently in Miami, Florida. Nevertheless, Burger King still has 17,800 restaurants running throughout the country now, although their future is quite unpredictable, there is still talk of some more closures which will happen soon.

Burger King

Burger King

IHOP

IHOP stands for International House of Pancakes which is a breakfast restaurant chain owned by Dine Brands Global, which is the mother company of Applebee’s too. Out of all the Dine Brands Global’s subsidiaries, 99% function as independent businesses. In 1958, IHOP was established in Los Angeles, and its headquarters are still in California. In recent times, the Waffle House arch-nemesis said that they plan to adjust its list of stores and that they would be shutting down something around several hundred stores, although there could be a possibility to reopen sometime in the future. IHOP has 32,300 employees overall and reported a $350 million profit approximately a decade ago.

IHOP

IHOP

Taco Bell

An additional Yum! Brands company, Taco Bell serves somewhat of Mexican cuisine and has a good price-quality menu. The company sees as many as two billion customers each year. Wow! In 1962, Glen Bell established Taco Bell in Downey. He had previously operated a hot dog stand prior to tot this and had seen the Mexican restaurant next to him racking in so much money compared to him, so he came up with a plan to venture into Mexican-inspired food. “Taco Tia” was the first name he thought of and based his food off of the neighboring stand’s recipes. Taco Bell swiftly expanded, but unfortunately, it recently announced it will be downsizing.

Taco Bell

Taco Bell

TGI Friday’s

Thank Goodness It’s Friday or TGI Fridays has approximately 870 locations worldwide and has branches nearly all around the globe except in sub-Saharan Africa. Its founders are Alan Stillman and Daniel Scoggin, who first opened the restaurant in New York City. Although their headquarters have relocated to Dallas, Texas,  the informal dining restaurant is still all over. Previously, the chain was known for the red-and-white soccer shirts its employees wore and in some of their venues its still common for their employees to wear uniforms.

TGI Friday’s

TGI Friday’s

Carl’s Jr.

CKE Restaurant Holdings owns Carl’s Jr., which is a fast-food chain that runs both in America and Canada. Carl Karcher and his wife founded the restaurant during 1941 just a few years of running a hot dog cart. Carl’s Jr. is doing relatively well, however, the store closures are not something this is new for them, Each year they close a few stores and this happens without prior notice. Around the world, they have 1,490 restaurants running in as many as 44 states and numerous other US territories as well as in 38 countries.

Carl’s Jr.

Carl’s Jr.

Marie Callender’s

Marie Callender is the founder, of this restaurant chain that bakes cakes and pies to supplement her family income. In those days, the Callender family was living in a trailer park and decided to take a risk and open a restaurant, which luckily for them became a huge hit.  The business had been thriving until 2009 when Marie’s husband Don sadly passed away due to a trauma he experienced. From that time, the company filed for bankruptcy on numerous occasions and was forced to close down many of its stores. Within the US they still have about 28 branches, most of which are in California, which is exactly where its headquarters are situated.

Marie Callender’s

Marie Callender’s

Kona Grill

Established in Scottsdale, ArizonaKona Grill is a sushi restaurant chain that has almost 40 restaurants in America and Puerto Rico. But it has 3 international branches too. Sadly, the chain declared bankruptcy during 2019 and has been cursed with many closures for many years since it was established in 1998. In March of 2019, Kona Grill reported that is was searching a merger. Besides from declaring bankruptcy, a petition with the SEC was signed. Rumors also circulated about the  CEO of Kona Grill who was apparently thinking of quitting the company.

Kona Grill

Kona Grill

Quiznos

This fast-food chain is quite similar to Subway as its focal point are subs. Even though back in 2104, Quiznos declared bankruptcy it was able to make a comeback and reduce its obligations by about $400 million. Its headquarters are still located in Denver, Colorado following High Bluff Capital purchase of the company. In 1981, Jimmy Lambatos founded Quiznos and by 2002, it had 5,000 locations.  As of 2018, that number diminished down to roughly 800 locations, however, the chain still has both domestic and international locations. During 2007, they experienced their first major closure with 1,000 stores in the US closing down.

Quiznos

Quiznos

Carrabba’s

The family-owned restaurant,  Carrabba’s Italian Grill opened its first venue in Houston, Texas during 1986.  The restaurant was quite a success in the beginning and eventually merged with Outback Steakhouse, Inc., which later became Bloomin’ Brands. It also started opening up other branches in Florida. In 2015, Carrabba’s opened its first restaurant outside of the US during 2105 and the chain was named Abbraccio. Carrabba’s might have opened new restaurants, but it also had to plan a few shutdowns too. Bloomin’ Brands has 1,500 restaurants, but Carrabba’s is a secondary company that keeps shutting down stores due to bad profiting.

Carrabba’s

Carrabba’s

Sbarro

You might have since this popular Italian fast-food chains in your local mall. In 1956, the restaurant was founded in Brooklyn but is more so popular on college campuses. Believe it or not but it actually has a few hundred branches, its headquarters are however situated in Columbus, Ohio. An announcement was made back in 2104 that they would begin a series of closures, but that seems to have lasted for many years and might actually get worse by the end of 2020. Sbarro is concentrating on shutting down restaurants that are underperforming and are revamping the ones that seem a lot more portable.

Sbarro

Sbarro

Outback Steakhouse

Much like its sister restaurant Carrabba’s, Outback Steakhouse has been compelled to close many of its stores this year alone. Nevertheless, they own many restaurants all around the globe but has more intentional compared to the other affiliated companies, Bloomin’ Brands. In 2012, the first primary public offering of Bloomin’ occurred in 2012 and according to SEC filings, the franchise’s objective was to make $300 million. The IPO wasn’t a complete failure, but yet Bloomin’ shad to close down all of its non-profitable stores. In 1988, Outback’s initial branch was located in Tampa and the bench has been pretty successful in Florida, so fortunately those stores are still running.

Outback Steakhouse

Outback Steakhouse

Bonefish Grill

Here we have another daughter company of the Bloomin’ Brands, Bonefish Grill is an informal seafood restaurant that was established in St. Petersburg, Florida. As of 2015, its headquarters were situated in Tampa and they have 215 locations, however, due to underperformance they were forced to shut down numerous stores within Florida. At the moment, the chain has a $619 million income yearly. The chain continues to be a popular place to eat in Florida, despite the few closures that have occurred, partially due to it is a business that is socially responsible. It is guided by the NCOAA sustainability suggestions when it comes to acquiring fish and occasionally tests the DNA of its fish to make sure that the supply does not excessively run out.

Bonefish Grill

Bonefish Grill

Church’s Chicken

Together with White Castle, Church’s Chicken owns a franchise and was founded in San Antonio, Texas, even though its business headquarters are situated in Atlanta, Georgia. They also own restaurants in the US, Europe, the Caribbean, South America, and Asia. Mostly known for its fried chicken, jalapenos, and biscuits, Church’s Chicken has a $786 million yearly profit listing, but it still appears to be going through some difficulties. As of 2019, Friedman Fleischer & Lowe, its owner, has placed Church’s on the market because the numbers of sales were heavily declining. It still appears to be unclear as to whether it will be a permanent closure.

Church’s Chicken

Church’s Chicken

Papa John’s

Papa John’s is a pizza delivery chain has approximately 5,300 locations in America and earns about $2 billion in early profits. It has been 3 decades since the company first began operating but it recently disclosed plans of shutting down about 51 of its stores worldwide. Besides that, during the COVID-19 pandemic they naturally had a huge fall in sales which was connected to the departure of the longtime CEO and spokesman of Papa John’s, John Schnatter.

Papa John’s

Papa John’s

Long John Silver’s

Long John Silver’s is a seafood fast-food chain that has unfortunately been through not one but serval experiences of bankruptcy. The company received its name from the novel Treasure Island by Robert Louis Stevenson and was actually first owned by Yum! Brands, even though it is currently 80% franchise-owned. Currently,  the company has revamped and bought nearly 76 franchised branches that were owned in Indiana with the idea to revamp and reopen these stores. The company additionally has a new CEO, his objective is to shut down the unprofitable stores and concentrate on having a healthier menu with less fat and sodium.

Long John Silver’s

Long John Silver’s

Chipotle

Chipotle Mexican Grill is a Mexican-inspired fast-food chain that has recently gone through some troubles and also been forced to shut down as many as 65 stores from 2018 to 2019, with more closures expected to take place in 2020. However, some may not regard this as bad news, actually, possibly the exact opposite as the accidental switchover of Chipotle went from being a dining room and physical restaurant to more online deliveries in 2019 has come to an end, due to the recent pandemic as well as the idea of making more money. Its new delicious queso cheese recipe also needs to be credited!

Chipotle

Chipotle

Dairy Queen

Founded in 1940, the ice cream chain is a secondary business of Berkshire Hathaway, Warren Buffett’s company. Additionally, in 1987, Dairy Queen bought Orange Julius as well as being the newly integrated company that Buffett purchased. Dairy Queen has a great international presence too, although they have been dealing with many hardships. It has minor profit margins with higher functioning costs because of the many products the chain supplies the public. Affiliates have also experienced bankruptcy, with Vasari LLC as an example. The company declared bankruptcy and closed down 70 Dairy Queens during 2017.

Dairy Queen

Dairy Queen

Noodles & Company

Noodles & Co. is a fast food restaurant that is well-known amongst people who love international and American pasta dishes. It was founded by previous Pepsi executive Aaron Kennedy, who in 1995 raised money from family and friends so that he could have the opportunity to open the first restaurant in Denver, Colorado. Jumping ahead to 2019, Noodles & Co. owns 410 restaurants and branches internationally. The chain may have seen some great achievements,  but it was forced to shut down many stores due to its massive loss of $72 million in 2018. Regardless of the company be able to receive a loan, it didn’t help them enough to halt any of the closures.

Noodles & Company

Noodles & Company

Hooters

Hooters, Inc. is a privately-owned chain that serves bar food (including its amazing chicken wings). It is very popular for their sensual waitresses who are called Hooters Girls. The company was forced to close down countless restaurants and is reforming business strategy to try and stay afloat. According to a few experts, there is a great possibility that Hooters is responding to developing cultural attitudes towards how women are shown. Some have even said that it seems as though the older generation is more interested in the restaurant as opposed to the younger millennial generation. Regardless, Hooters has already started to diminish throughout America.

Hooters

Hooters

Cheesecake Factory

Cheesecake Factory, Inc. was instituted as a bakery in Los Angeles in 1972, however, it developed into more of a chain of restaurants and currently has around 211 branches. Although they are quite expensive, Cheesecake Factory is very popular because of its long menus and its comprehensive decor. Its headquarters are situated in California but they have production factories within North Carolina. Due to their recent hardships, it has been forced to shut down many of its long time It branches along with more closures expected to take place by the end of 2020. However, Cheesecake Factory’s income has peaked due to the spread of profits of its desserts and baked goods in Barnes & Noble Bookstores and supermarkets.

Cheesecake Factory

Cheesecake Factory

Bob Evans

First launched in 1953, Bob Evans was established by Bob Evans himself, by 1957, it required to open four sausage factories to maintain the demand that they were experiencing. The investment company for the plants and the restaurants were Bob Evans Farms. The restaurants are known for the farm-to-table appearance with all their red-and-white décor around the restaurant. The company has been forced to shut down a few stores and the staff was not able to move to another branch, so they were instead dismissed. It has closed down numerous branches yearly to try and increase its revenue, which has impacted several hundred of the restaurant staff.

Bob Evans

Bob Evans

Joe’s Crab Shack

This seafood chain was founded in Houston, Texas,, and has branches all over America, particularly in the south, where it is more instrumental to have the beach theme. Having gone through numerous sales and having been bought by J.H. Whitney & Co. for $192 million during 2006. Joe’s Crab Shack went insolvent and its debt was $225 million, which was supposed by J.H. They declared bankruptcy during 2017, and Joe’s Crab Shacks was purchased by Landry’s, Inc., but unfortunately have had to shut down many of its branches and there are predictions of many more planned closures this year. But, Landry’s, Inc. does not see it closing all Joe’s Crab Shacks, but it does plan on rather reforming the chain.

Joe’s Crab Shack

Joe’s Crab Shack

Papa Murphy’s Pizza

The pizza company Papa Murphy’s Pizza is a “take and bake” and was founded in 1995 in Washington in 1995, following the joining of two companies – Papa Aldo’s and Murphy’s. Since it has largely expanded and currently has 1,300 outlets in both America and Canada. Papa Murphy’s Pizza is quite popular on the West Coast, which makes it one of the five biggest pizza chains within America. But, sadly it has seen experienced many financial problems after being purchased by Lee Equity in New York. Four years after that, it went through an IPO. During 2017, it started nationwide advertising and is currently concentrating on developing its profits by closing down all its underperforming branches.

Papa Murphy’s Pizza

Papa Murphy’s Pizza

Tim Hortons

This fast-food restaurant business runs roughly 4,848 stores around the world, with its headquarters located in Toronto. Tim Horton’s Inc. is the largest fast-food restaurant in Canada and was actually founded in 1964 by Canadian hockey player Tim Horton and Jim Charade, his business partner, in Hamilton, Ontario. The initial joint was a hamburger restaurant, but then made the changed to coffee and donuts. The franchise landed up succeeding into a multi-billion-dollar enterprise, however, their glory didn’t last too long as they have recently been forced to shut down stores that were poor performing. Tim Horton store that is situated in Dayton, Ohio has recently had to shut down.

Tim Hortons

Tim Hortons

Applebee’s

IHOP’s sister restaurant, Applebee’s also reported that it would be closing down numerous branches which were not earning them revenue. Currently, there are 1,830 Applebee’s restaurants withing America, Guam, Puerto Rico, as well as 15 other countries around the world. Many of the branches are franchised and just are 70 are company-owned. Applebee’s is an auxiliary company of DineEquity, which recently moved its headquarters to Glendale. The president, Steven Layt had reportedly refused to relocate and therefore resigned from Applebee’s leadership. The restaurant chain makes a profit of about $2.5 billion, its total assets total to $935 million and, it has 28,000 employees.

Applebee’s

Applebee’s

Buffalo Wild Wings

This sports bar franchise has 1,238 branches across the fifty states in the US, Buffalo Wild Wings’ headquarters are located just north of Atlanta. Buffalo Wild Wings was founded in 1982 and had a yearly income of $2 billion, however, its operating income has been declining each year. Recently the company was purchased by Arby’s parent company for $2.9 billion. This took place soon after the closures of many Buffalo Wild Wings across the US. The company also reported that it will alter various things to do with its operating plan as well as its menu.

Buffalo Wild Wings

Buffalo Wild Wings

Pollo Tropical

1966, Pollo Tropical was founded in Miami. It is a Caribbean-inspired fast-food joint mist popular for its grilled chicken and black beans and rice sides. Fiesta Restaurant Group owns the chain, which has approximately 140 locations in Florida, Georgia, Texas, and Latin-American countries. The chain has been attempting several new business plans, such as selling fried chicken. Additionally, it has simplified its operations, shutting down stores in Texas, to slow growth. It reported that it had problems managing the high expansion it experienced and is currently planning to open a few new stores only in Florida.

Pollo Tropical

Pollo Tropical

Qdoba

Qdoba is the primary competitor of Chipotle. Qdoba, Inc. was established in Denver. The prevalence of this Mexican-cuisine fast-food chain originated from the fact that it offered healthy food, instead of using animal fat with vegetable oil, and they used more fresh vegetables and herbs whenever they could. And on top of that they weren’t very expensive either. Jack in the Box formerly owned Qdoba before it sold the chain to Apollo Global for $305 million. Meaning that Apollo purchased all 700 Qdoba stores, which run in 47 states. However, Qdoba has already experienced numerous closures of its underachieving stores, it is has been predicted that many more closures can be expected during 2020.

Qdoba

Qdoba

Sweet Tomatoes

Owned by Souplantation, Sweet Tomatoes is a well-known restaurant chain that serves salad, soup, healthy food, and bakery products. It was established in 1978, in San Diego.  During 1995, the company went public but just less than 10 years later it went back to being a private enterprise. At the moment, Sweet Tomatoes only has a few remaining locations within America. Recently they announced that it is was planning to shut down nearly 100 locations, due to their debt issues.  Souplantation reported that they are working with money lenders.

Sweet Tomatoes

Sweet Tomatoes

Old Country Buffet

Rumors have circulated about quarrels between Old Country Buffet and its parent company, Ovation Brands, which has declared bankruptcy numerous times, in both 2012 and 2016. Ovation claimed that its debts were $26.3 million more than its assets. Subsequently, several Old Country stores have had to close down, thus there are only 19 locations left. At some point, there were 350 Old Country Buffet restaurants in the USA, but it seems as though by the end of 2020, there could be nothing left.

Old Country Buffet

Old Country Buffet

Chili’s

Founded during 1975, this bar food restaurant chain was bought by Brinker International. Commonly known for its 3baby back ribs ad, Chili’s had to reduce the dish and concentrate more on Tex-Mex cuisine and burgers. The company has approximately 1,500 locations that run domestically and internationally. Chili’s has been recently been shutting down company-run branches ti increase profits. Although they have been battling for quite some time now, after Brinker purchased 116 of its locations early this year it seems they have a got a new lease on life.

Chili’s

Chili’s

Sonic

Another drive-in fast-food chain that was founded during the 1950s. Not too long ago, Sonic began Sonic Beach, a chain that serves its normal menu items except with alcohol and seafood. However, Sonic has seen many changes over the years, including cutting its ties with the ad agency Barkley. It came as something very unexpected, especially after a 17-year business relationship. In December of 2018, Sonic was purchased by Inspire, but unfortunately, they’ve had to shut down numerous branches, with more dispersed closures predicted across the USA.

Sonic

Sonic

Checkers

This drive-in fast-food chain is a lot more well known in the Southeast, however, its sister company, Rally’s, is more prevalent in the Midwest. But these two restaurants are pretty much the same thing. Rally’s was established in 1986, while Checker’s was created the year after that. In 1999, they joined forces and their bilateral headquarters are currently in Tampa, Florida. During 2017, Oak Hill Capital bought Checkers for $525 million, following that in 2018, Checkers reported that it planned to grow further into Pittsburgh. However, they then said they would be closing some of its locations in the Southeast due to cost-effective reasons.

Checkers

Checkers

KFC

In 1930, Colonel Sanders established Kentucky Fried Chicken (KFC), when he started selling his famous recipe at a Kentucky roadside stand during the Great Depression. He quickly understood that KFC would be great for franchising, so he franchised it back in 1952. It instantly became a hit and was hug competition to fast-food places like McDonald’s which only served burgers and fries. In 2020, it seems as though KFC will be shutting down many of its stores as it plans to increase profitability. The company is having a hard time trying to stay afloat with other businesses in the chicken market such as Chick-fil-A and Popeye’s which are KFC’S direct rivals.

KFC

KFC

Olive Garden

This Italian informal dining restaurant started operation during 1982 and is amongst the restaurants with the most value for money from the Darden Restaurant Company. An average meal per person costs around $20 at Olive Garden, while in its Capital Grille sister restaurant it’s more or less $100. Lately, the logo and restaurant design of Olive Garden has been altered because of a reforming schedule. The restaurant offers online ordering as well. In an effort to decrease costs, the company is closing down its underperforming restaurants, and changing the wait staff to part-time – the idea is to limit paying for benefits and health insurance.

Olive Garden

Olive Garden

Ruby Tuesday

Ruby Tuesday is an informal dining chain that is very much like to Applebee’s and TGI Friday’s and was first founded in Knoxville, Tennessee back in 1972. Lately, it has faced an unfortunate decline in sales and sadly they needed to announce some enormous closures of its stores as well because of a lack of income. Ruby Tuesday has 491 branches worldwide and most are situated on the east coast, however,, there are a few stores on the Pacific Coast as well. The company also owned Marlin and Ray’s at one time but then it shut down all those branches.

Ruby Tuesday

Ruby Tuesday

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