Carrabba’s Italian Grill is owned by Bloomin’ Brands, a company that was struggling not too long ago. 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. The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. Because of this, Luby’s sought to sell off most of Fuddrucker’s locations to franchisees. These places have had a good run, right? Considering it was owned by the same people as Perkins, owners hoped the brand would be picked up by Huddle House. A total of 1,200 Pizza Huts are going to shut down in 27 states. Mr. Steak was a popular restaurant chain in the 1970s and owned approximately 300 locations in America. One in Florida was closed in May 2019 due to having an issue with dead rodents spread among the restaurant. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryan’s Buffet. Management claimed that it was due to the fact avocado prices took a 50% price hike. Wendy’s is another restaurant that’s closing a lot of stores. That same year, Perkins filed for bankruptcy for the second time in just 10 years. Next . > Shutterstock. Unfortunately, it hasn’t made that much of a difference. Since then, locations have been steadily declining. Millennials, in particular, put more emphasis on freshly-prepared, quality ingredients, something Applebee’s isn’t known for. The restaurant has been changing its menu in an attempt to attract new customers, but it seems like people don’t want to eat re-heated food anymore. At the time, sales were down 4%. For two years, Friendly’s has been closing so many stores that it’s decreased its number of locations by a fourth. Along with the bankruptcy, Joe’s suddenly closed 41 restaurants without even informing employees. Despite this, Checkers and Rally’s closed dozens of locations in 2019. Overall, it’s accrued a debt of nearly $1 billion. The company issued a statement that claimed restaurants would remain open, but we all know how quickly things can turn.Â. Krystal’s is a southern company that seemed almost untouchable. Coined "dial-a-pizza," the Seattle-based chain grew to 42 restaurants. 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. Howard Johnson’s? Houlihan’s decided to alter its menu and even added a few “Veggie Good” options to attract millennials. HomeTown Buffet goes by one of four names. Over the last year or so, Bar Louie has been closing locations like crazy. In 2002, the restaurant was acquired by Wendy’s, and there were close to 300 locations. The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. Declining sales and rising labor costs are making it hard for Red Robin to keep its doors open. The fact of the matter is that full-service bar and grill chains are struggling, and O’Charley’s is one of those. How Do Unemployment Insurance Claims Affect Employers? There was a disagreement-turned-lawsuit between the company that owns the restaurant and a regional company that operates 26 Perkins restaurants. The company that owns the brand claims that the other didn’t pay royalties for the brand and used unapproved products. Some of the biggest celebrity athletes of the '90s were behind The Official … Friday’s, there are the ones that didn’t make it. These places, too, have been on a downturn. For every immensely successful restaurant chain, like Applebee’s or T.G.I. Restaurant Chains That Won’t Make It Through the Year Like with retail, the restaurant industry is struggling to stay afloat. That means they didn’t see a dip in sales because of COVID-19.Â. These stores are set to close by the end of the year. 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. This sandwich chain peaked in the early 2000s, but it’s just a shadow of what it once was. Unlike Christmas, when many major chains closed, more restaurants will … Well, that basically defines Golden Corral to a “t.” While older folks still love this restaurant, younger people prefer something a little different. In 2017, Jack in the Box decided to sell Qdoba because it wasn’t making profit. It likely won’t work. This could be because the stores close without warning, often leaving employees stunned and jobless without a single notice. In 2019, Restaurant Business found the chain was $170 million in debt. This one is a long time coming. Whatever you call it, all of them are disappearing at an alarming rate – at least, if you loved the restaurant, it’s alarming. Others have been impacted by the lastest worldwide health crisis. At least Marie Callender’s still has frozen foods, right? The restaurant has been changing its menu in an attempt to attract new customers, but it seems like people don’t want to eat re-heated food anymore. By doing this, Luby’s is offloading its lowest-performing stores, but who is going to purchase a bad restaurant? In 2019, it was discovered that the company as $50 million in debt. That’s a pretty big chunk. In the ’90s, there were over 1,100 locations, but now it’s lower than 400. Late 2019, Sbarro closed its historic Times Square location, which accompanies over 200 stores that recently closed, as well. One by one, the brand has been closing its once-popular locations in an attempt to stave off bankruptcy. List of fast food restaurant chains. The statement seemed to focus on the fact that Dunkin’ isn’t suffering, but rather looking to put these stores in better places. That same year, Perkins filed for bankruptcy for the second time in just 10 years. Hooters was one of the biggest “breastraunts” in the business, but millennials aren’t digging the atmosphere. That’s a shocking number. The chain has been struggling to get diners to eat there, and guest traffic fell 9.6% in just one year. This one is pretty unique compared to others on the list. There’s McDonald’s, Burger King, Hardees (or Carl’s Jr.), and tons of others. If you think about it, when was the last time someone said, “let’s go to Sbarro!” Exactly. Then, the recession hit, and it closed around 2,000 locations. Things have shifted quite a bit thanks to a new group of consumers looking for something healthy and fresh for dinner, rather than the microwaved stuff you can get from Applebee’s. Here are 29 restaurant chains … If you looked back 10 years ago, then you’ll see that the buffets were opening tons of locations, but that slowed down dramatically. Chipotle has a notorious reputation for making people sick – literally. The group has been struggling with the pandemic and shutdowns since everything began. From saving up for your nest egg to navigating the stock market, we'll help you build a better financial future. Unfortunately, it hasn’t made that much of a difference. Unfortunately, after filing for bankruptcy in 1998, all but one of the stores were … The company was $57 million in debt, and it hoped the bankruptcy would save the remaining 58 restaurants. While no one can be 100% sure these chains will … Papa Murphy’s is a take-and-bake pizza chain. Considering it was owned by the same people as Perkins, owners hoped the brand would be picked up by Huddle House. Houlihan’s once had 84 locations, but now it’s down to 47. The statement seemed to focus on the fact that Dunkin’ isn’t suffering, but rather looking to put these stores in better places. It isn’t enough. It expanded throughout America as well as Europe and the Middle East. What we do know is that the chain closed at least 20 restaurants since 2016; eight of those closed in one day. Last year, Boston Market began shutting down its stores, and now, 10% of its locations disappeared. Well, that basically defines Golden Corral to a “t.” While older folks still love this restaurant, younger people prefer something a little different. The company responded by “temporarily” closing 103 restaurants while searching for more investors. Much like many other chains on our list, Burger Chef spawned over 1,000 locations and even introduced the concept of getting a toy with kid’s meals. Sales continued to drop, and stores began to close.  Now, there are approximately 650 locations left. While that could impact things, it can’t be the only reason the company is struggling. Even the best of burgers can’t make up for countless health-code violations. Every grocery store sells rotisserie chickens, and younger customers just want a different ambiance than the restaurant can offer. For one reason or another, plenty of once-major restaurant chains fall off the face of the earth, never to be heard from again. Tim Hortons. O’Charley’s refuses to divulge details about its financial situation, which doesn’t bode well. When Steak ‘n Shake first popped up, it did really well. The declining chain has shuttered about a fourth of its restaurants over the last two years. This sandwich chain peaked in the early 2000s, but it’s just a shadow of what it once was. Over the last two years, Applebee’s has closed more than 120 locations, and it’s looking to close more in the coming year. However, Marie Callender’s wasn’t part of the deal. We can’t say it’ll 100% gone by the end of the year, but chances aren’t good. In the last 10 years, Hooters closed over 7% of its stores, and that number is only growing. 50 Menu Items Fast Food Workers Say Never to Order, Andrew Burton/Getty Images News/Getty Images. One by one, the brand has been closing its once-popular locations in an attempt to stave off bankruptcy. So, franchisees filed a lawsuit – the last thing a financially struggling restaurant needs. 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. Fuddrucker’s is owned by Luby’s, which is having its own struggles. BJ’s is another bar and grill chain, and it’s been struggling lately. After filing for Chapter 11, the company shuttered 28 of its 134 remaining stores across the country. Management claimed that it was due to the fact avocado prices took a 50% price hike. It expanded throughout America as well as Europe and the Middle East. When Steak ‘n Shake first popped up, it did really well. This accounts for nearly 40,000 employees. So, franchisees filed a lawsuit – the last thing a financially struggling restaurant needs. Stance on Antibiotics. It’s tried catering to unique diets (like keto), but it doesn’t seem to be working to improve sales. However, after filing for bankruptcy in 1998 the company was acquired and sold in 2001. Chipotle has a notorious reputation for making people sick – literally. Notice how we didn’t mention Jack in the Box? According to QSR Magazine's annual drive-thru study, last year’s speed-of-service averaged 234 seconds. In 2019, the restaurant closed all locations in Alberta. The chain has filed for not one, not two, but three bankruptcies, with the latest being in 2016. 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. Alot Finance Two of those locations were in the Chicago area, where the company started in 1990. But bad business decisions and changes in the way we eat spelled the end of these and other popular fast food chains. This year alone, Chipotle will close up to 65 stores. 25 Most Expensive Places to Live in the U.S. Pros and Cons of Being a Mechanical Engineer, 40 Most Out-of-the-Box Things Seized by the TSA, 40 Home Decor Mistakes Everyone Over 45 Should Avoid, 30 Classic Home Decor Trends That Make Us Cringe Today, 40 Pictures That Show How the Playboy Mansion Has Changed Over the Years. One of McDonald’s biggest competitors from the 1950s all the way through to the 70s was the restaurant chain known as Burger Chef. Carrabba’s Italian Grill is owned by Bloomin’ Brands, a company that was struggling not too long ago. , the most enthusiastic of all casual Italian eateries, was already in financial trouble for the … At the time, it had around 5,000 stores. Late 2019, Sbarro closed its historic Times Square location, which accompanies over 200 stores that recently closed, as well. USA Today referred to this chain as “a fading relic of the 1980s,” and they’re spot on. 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. At the time, sales were down 4%. BJ’s doesn’t have many locations open (around 150), and that number started to fall in 2017 as stores shut down. 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. 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. In 2019, it was discovered that the company as $50 million in debt. It ranks the nation's fast-food and fast-casual restaurant chains … In 2019, the restaurant closed all locations in Alberta. The restaurant had been losing money while expanding too quickly. This year alone, Chipotle will close up to 65 stores. Because of this massive fall, the company which owns BJ’s, DineEquity, also lost 47% of its value. HomeTown Buffet goes by one of four names. 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. Considering there are over 6,700 Wendy’s locations, the brand won’t see a huge dent in profits. The last location closed in 2012. Considering there were once over 1,000 locations, it’s crazy to believe that it fell out of favor so quickly. Even the best of burgers can’t make up for countless health-code violations. If you’ve never heard of Burger Chef, I know you’re familiar with what the chain gave to the fast-food industry. In the midst of the COVID-19 chaos, Logan's laid off all of their employees and are—for now—temporarily closing all 261 of its stores throughout the U.S. Everyone loves donuts, but apparently not as much as we used to. The final death knell was the moment malls started closing left and right. Malls are closing, so O’Charley’s can’t be far behind.Â. For the last few years, sales have dropped and dropped. O’Charley’s refuses to divulge details about its financial situation, which doesn’t bode well. We all know what happens next – stores close. One of the biggest hits recently was the bankruptcy of one of the largest Pizza Hut franchisees. However, Marie Callender’s wasn’t part of the deal. The worst part is that the parent company, Food Management Partners, often closes restaurants without warning the employees. With all the fines and struggles with food safety, who knows what will happen? New customers aren’t interested. A total of 1,200 Pizza Huts are going to shut down in 27 states. Considering there were once over 1,000 locations, it’s crazy to believe that it fell out of favor so quickly. Sadly, things couldn’t stay like that. The company was $57 million in debt, and it hoped the bankruptcy would save the remaining 58 restaurants. In 2017, Jack in the Box decided to sell Qdoba because it wasn’t making profit. Now, there are fewer than 800 stores left.Â. Late January 2020, Krystal’s filed for bankruptcy due to being in debt. Restaurant industry financial statistics indicate that restaurant owners usually make around $60,000 a year, which makes their monthly income some $5,000. In the midst of the COVID-19 chaos, Logan's laid off all of their employees and are—for now—temporarily closing all 261 of its stores throughout the U.S. Wendy’s is another restaurant that’s closing a lot of stores. 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 chain filed for bankruptcy, and many of the stores it planned to open were scrapped. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryan’s Buffet. Since then, locations have been steadily declining. 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. 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. We can’t say it’ll 100% gone by the end of the year, but chances aren’t good. Dunkin’ Donuts just released a statement that they had to close 450 stores, most inside gas stations and outlet stores. The reason we’re guessing its demise is because O’Charley’s has depended on customers from malls to succeed year-over-year. Houlihan’s decided to alter its menu and even added a few “Veggie Good” options to attract millennials. The restaurant also had a “Works Bar” where customers could add their own toppings to their burgers. If this doesn’t work, we may not see this chain much longer.Â. This one is pretty unique compared to others on the list. Previous. By doing this, Luby’s is offloading its lowest-performing stores, but who is going to purchase a bad restaurant? Every year, Red Robin gets closer and closer to bankruptcy. The final death knell was the moment malls started closing left and right. Apparently, people aren’t interested in a Subway-esque pizza joint. Things seem to be picking up for the company, but all of its brands aren’t performing equally as well. It seems like buffets just aren’t making it. Despite offering fresh foods that aren’t microwaved or frozen, customers aren’t visiting. But the new year will also bring new paths to revenue, analysts told Restaurant Dive. Sadly, things couldn’t stay like that. 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. That means brands like Applebee's, Checkers and Rally's, and Ruby Tuesday are having a tough go of it. With all the fines and struggles with food safety, who knows what will happen? Now, there are fewer than 800 stores left.Â. In 2018, the business started looking for financial help because it had been struggling. Then, the reason became quite clear. Perkins Restaurants & Bakery has had a tough time in the last year. The company that owns the brand claims that the other didn’t pay royalties for the brand and used unapproved products. Younger people may not remember a time when Howard Johnson’s was a restaurant. It’s been a while. Because of continuous declining sales, Golden Corral is choosing to remodel the remaining locations so it can attract new customers. The number of locations was once in the hundreds, but now, there’s only 65. In June 2020, the brand declared Chapter 11 bankruptcy. Macro Axis puts the risk of bankruptcy at 45%, which is higher than that of the restaurant industry, which is 37%. The fact of the matter is that full-service bar and grill chains are struggling, and O’Charley’s is one of those. 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. The bankruptcy comes after state-wide shutdowns from the COVID-19 crisis. 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. This is largely due to the fact that Papa Murphy’s has been accumulating debt like it’s going out of style. Then, the reason became quite clear. Because of continuous declining sales, Golden Corral is choosing to remodel the remaining locations so it can attract new customers. It seems like buffets just aren’t making it. Due to poor sales and fewer customers year-over-year, it’s clear that this restaurant may not last much longer. Unfortunately, things aren’t working out in Houlihan’s favor. Hey, look on the bright side. That’s a pretty big chunk. Alot Finance Due to all this conflict (and the restaurants closing left and right), Jack in the Box is on borrowed time. Red Robin has had declining sales, and that’s really starting to hurt. Along with the bankruptcy, Joe’s suddenly closed 41 restaurants without even informing employees. O’Charley’s refuses to update the menu, which is how you attract new customers (and bring back old ones). Those who used to go to the restaurant may notice that driving to get dinner there is tougher than it used to be. Joe's Crab Shack and Fuddrucker's used to be staples of family vacations, as they are located in traditional "getaway" destinations. Luby’s closed 14 locations, but it’s not helping much. When was the last time you saw a Baja Fresh? Notice how we didn’t mention Jack in the Box? Because of this massive fall, the company which owns BJ’s, DineEquity, also lost 47% of its value. Due to poor sales and fewer customers year-over-year, it’s clear that this restaurant may not last much longer. NPC International filed for Chapter 11 bankruptcy following the prolonged shutdown of COVID-19. The company issued a statement that claimed restaurants would remain open, but we all know how quickly things can turn.Â. What we do know is that the chain closed at least 20 restaurants since 2016; eight of those closed in one day. The chain has filed for not one, not two, but three bankruptcies, with the latest being in 2016. 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 the last few years, sales have dropped and dropped. Surprise: Jack in the Box didn’t do it. Boston Market has also struggled with bankruptcy, one which forced them to close 700 locations all at once. There are other franchises, but NPC International isn't happy with Pizza Hut. Luby’s closed 14 locations, but it’s not helping much. The bankruptcy comes after state-wide shutdowns from the COVID-19 crisis. Late January 2020, Krystal’s filed for bankruptcy due to being in debt. This White Castle-esque fast food restaurant chain has 360 locations, but it seems like that number is getting smaller and smaller every year. 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. It’s closed pretty much every location except one, and you can hear the death rattle of that last, surviving restaurant. And more have closed since then, including restaurants in California, Texas and South Carolina last year. While we would understand closing some inside of outlet stores, gas stations haven’t been closed during the pandemic. Thankfully, Pizza Hut has other franchisees, so the brand will live to see another day.Â. In the last 10 years, Hooters closed over 7% of its stores, and that number is only growing. Every year, it seems like hundreds of people get ill from eating at the restaurant. 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. Applebee’s has been on the downswing for a while. O’Charley’s refuses to update the menu, which is how you attract new customers (and bring back old ones). BJ’s is another bar and grill chain, and it’s been struggling lately. 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. In 2018, the business started looking for financial help because it had been struggling. It’s time to shutter Fuddrucker’s for good.Â. Hooters may have been done in by the #MeToo movement. If you think about it, when was the last time someone said, “let’s go to Sbarro!” Exactly. There’s more: Burger Chef also patented the flame broiler, becoming the first restaurant to sell flame-broiled burgers. While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. From saving up for your nest egg to navigating the stock market, we'll help you build a better financial future. Fuddrucker’s is owned by Luby’s, which is having its own struggles. The pizza started to decrease in quality, so people stopped going. 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 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 last one, located in Walt Disney World’s Wide World of Sports, closed in 2007. The chain filed for bankruptcy, and many of the stores it planned to open were scrapped. The restaurant can’t keep up. Like the hotel? After dozens of closures, there are only 562 locations. Due to all this conflict (and the restaurants closing left and right), Jack in the Box is on borrowed time. On top of that, revenue was down 13%. Houlihan’s once had 84 locations, but now it’s down to 47. One thing has become painfully clear in the restaurant industry: buffets are falling out of favor. Like with retail, the restaurant industry is struggling to stay afloat. Joe’s Crab Shack may have one of the best slogans in the restaurant business (“I got Crabs,” “Free crabs,” and “Peace, love, and crabs”), but maybe that isn’t what people want in food? Those who used to go to the restaurant may notice that driving to get dinner there is tougher than it used to be. Houlihan’s has been a happy-hour spot for ages. Business. Business. The sub-shop tried to rebrand in an attempt to attract new customers (including new menu options), but people passed by. The brand hasn’t yet declared bankruptcy but closing 450 isn’t a small number. There’s a lot of competition for fast food burgers. Sbarro has been one of the most popular pizza places in America since it popped up over 20 years ago. It’s been a while. Joe’s Crab Shack may have one of the best slogans in the restaurant business (“I got Crabs,” “Free crabs,” and “Peace, love, and crabs”), but maybe that isn’t what people want in food? 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. Here are the four metrics we used to determine each chain's final grade. The franchisee is threatening to shut down the remaining 900 stores unless they change their policies.Â. Macro Axis puts the risk of bankruptcy at 45%, which is higher than that of the restaurant industry, which is 37%. A decade ago, there were almost 950 Ruby Tuesdays, but today, there’s only 460. The restaurant is known for its burritos, taquitos, and self-serve salsa bar, but that just isn’t cutting it in 2020. That being said, all good things must come to an end. Now, the company has been hit with a child labor violation in Massachusetts, which could further damage reputation and sales. It won’t be long before the last store closes. Last quarter marked the 12th straight period of declining sales. Perkins Restaurants & Bakery has had a tough time in the last year. Slow service doesn’t help, but the real issue is the horrific reports of nasty restaurants. That being said, all good things must come to an end. 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. While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. It’s tried catering to unique diets (like keto), but it doesn’t seem to be working to improve sales. ... shares of the big-box chain are up 61% this year through Oct. 1. Poor Quiznos. The chain axed 67 out of its 647 locations in 2013, but as of 2017, 729 restaurants were in operation. “ Works bar ” where customers could add their own toppings to burgers. In 1952 and continued to drop, and O’Charley’s is one of the hits. Responded by “temporarily” closing 103 restaurants while searching for more investors one year we would understand closing some of! 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