There has been a lot of troubling reports in the last year that many of the best stores have shut down branches all over the country. Not only are retail stores that have forced to endure this tough time, but so many restaurants have had to reduce their numbers as well. Every restaurant included in this list is closing for its own sake, so keep on reading to see which of our favorites we ‘re upset to go in 2020 and which, luckily, will continue to run.
Established in 1958, Pizza Hut had around 18,431 branches all over the world. The shop initially came from Wichita, Kansas, and is a subsidiary of Yum! Brands, Inc., one of the largest restaurant companies in the world. There are about 7,500 outlets in the US. However, the Yum Brands have recently announced that five hundred locations that do not reach the sales target will be forced to close. The process will be done in two years.
Luby was the original company that decided to start well-known chain restaurants such as Luby’s, Koo Koo Roo, Fuddruckers, and Cheeseburger in Paradise. It was established under the name Luby’s Cafeteria in 1947 but was later rebranded. There are 83 outlets of the actual Luby ‘s restaurant, but they also have recently announced that the less successful branches will be closed down. They’ve done this before and managed to raise their sales by generating $6.6 million in profit.
Steak ‘N Shake
Steak’ N Shake, founded in 1934, initially started in Normal, Illinois, as a simple burger joint. It now continues to operate from several locations such as America, Southwest Europe, the Middle East, and other countries. There are currently 628 locations with 214 franchised. Most restaurant chains of Steak’ n Shake are open 24 hours a day, seven days a week. The menu highlights mainly the burgers and hand-dipped milkshakes, though there are also other entrees, side dishes, and drinks. With that said, while they are still looking for a new franchise partner, a few dozen outlets will be closed until further notice.
O’Charley ‘s officially began in 1971, which now has almost 200 outlets across the South and Midwest, including four O’Charley’s franchised in Ohio, and three O’Charley’s joint venture restaurants in Louisiana. Nonetheless, in addition to others, the simple dining chain recently closed eight branches all in one day. During this time, Fidelity Nationality is debating whether to try and help the struggling restaurant to continue to operate.
Tim Horton’s headquarters is located in Toronto and is the largest fast-food spot in Canada. Initially, Tim Horton and Jim Charade wanted to establish a hamburger restaurant, but then they switched to coffee and donuts. In 1967, Horton partnered with Ron Joyce (1930–2019), an investor who had taken over the business after Horton ‘s death in 1974. Joyce has expanded the chain into a multi-billion dollar franchise. In 1966, Charade left the organization and returned briefly in 1970 and 1993 until 1996. Tim Horton ‘s Inc. has operated 4,848 branches around the world but recently announced that it has decided to cut back on businesses that do not perform well. The latest was the sudden closure of four restaurants in Ohio.
Back in 1969, the burger chain had started in Seattle, Washington. They established their first franchised restaurant a decade later. The establishments today hold 562 restaurants, of which 90 are franchises. Sad to say, they decided to shut down ten branches after a steep downturn of 85.4%, and to refuse to accept the suggestions of creditors to close the company entirely.
The Hometown Buffet style restaurant was created in 1983 and managed to reached 250 restaurants when they were at their absolute best. It is an Ovation Brands affiliate, which is a Food Management Partners subsidiary. Nevertheless, after being bought by Food Management, it was recently under new management. This new change wasn’t so successful for HomeTown Buffet, and as of August 2019, they have closed down more than 200 restaurants.
McCormick & Schmick’s
This seafood joint will close more restaurants by 2020 after shutting down nearly half of its branches. McCormick & Schmick’s has its headquarters in Portland, Oregon and is owned by the parent company Landry’s Inc. They have about forty spots around the United States and five locations in Canada. It’s pretty safe to assume the business isn’t overgrowing among its revenue, net income, assets, and equity. Landry’s is mainly accountable for the branch closure and moving the headquarters to Texas.
Fuddruckers was formed by Philip J. Romano in San Antonio, Texas, in 1979 as Freddie Fuddruckers in a location converted from an old bank to a restaurant. He launched the chain because he felt that the “world needed a better hamburger.” At one point, for the crispy chicken finger lovers, Fuddruckers was the go-to place. There were nearly 111 franchises and 77 countrywide branches operated by the company at its highest point. They have $150 million in revenue and plan to expand by closing down other outlets. Its headquarters are in Texas and has undergone several different changes in ownership.
The Roy Rogers Restaurants, named after the old western star Roy Rogers, is another burger chain based mostly in the Northeast and Mid-Atlantic region. They had been formally known as RoBee’s House of Beef but were then bought by the hotel corporation Marriot. They had an aggressive campaign of sales that attracted potential customers and had 600 branches all over America at one point. It was sold to Hardee’s parent company in 1990, and there are only 48 stores left open as of August 2019.
The well-known Boston Chicken stands out for its exclusive rotisserie chicken, but now it’s branded as the Boston Market. It is owned by Sun Capital and is most usually cited in both the Northeast/Midwest areas, as well as in Florida. Roughly 462 branches were standing back in 2013 but recently that number has dropped dramatically. The restaurant chain also acknowledged a “multifaceted transformation plan” they were going through.
This breakfast and bakery chain Perkins was established in Cincinnati, Ohio, in 1958 under the name Pancake House as a privately owned company. It was renamed to Perkins Family Restaurant several years later. It is an American chain of casual dining restaurants that serves breakfast for the whole day. It has a bakery selling pastries, as well. It is located throughout the world across thirty – two US nations, as well as four providences in Canada. It is also owned by Marie Callenders, who also decided to file for bankruptcy in 2019. Sadly, this has resulted in immediate shop shutdowns, and as a result, 25,000 workers have also been laid off.
This chain is more likely to be found in the area along the East coast. Since its establishment in 1935, it has gone through many changes, along with filing for bankruptcy several years ago. Nonetheless, it did make a comeback and decided to change the menu entirely. There are 167 locations currently, but they’re planning to close down places that don’t attract enough customers.
In the 1960s, Del Taco was established as an inspired Mexican restaurant that also happens to sell burgers and fries, a fascinating combination. It is immensely popular in the West and Southwest areas, and also has a total of 564 restaurants. Las Vegas, Nevada has the most Del Tacos of any single city, and California has the most Del Tacos of any state. That being said, there have plans to closed down less popular areas by 2020. They ‘re still open to moving further towards franchising. It was sold to Levy Acquisition in 2015, making it a publicly owned company. Their plans to develop east have not been highly successful, but they still bring substantial revenue to make them a viable rival to Taco Bell.
Applebee’s is an American company that produces, franchises and runs the Applebee Neighborhood Grill + Bar chain of restaurants. Every Applebee’s restaurants have a bar area and offer alcoholic drinks (except those that were prohibited by law). Applebee’s is the sister restaurant of the famous IHOP but sad to say the two will close down. Most of the outlets are franchised, with 1,830 restaurants worldwide. The restaurant used to have a $2.5 billion in revenue, with total assets amounting to $935 million and 28,000 staff.
The International House of Pancakes is one that is very special to me. While the focus of IHOP is on breakfast meals, it also features a menu of lunch and dinner items. And while many of their stores are open 24 hours a day, and seven days a week, the regular operating hours for the chain are 7:00 a.m. to 10:00 p.m. The pancake house, which is originated in Los Angeles, is owned by Dine Brands Global’s parent company and where its headquarters are currently located. They were also competitors of the Waffle House, which will soon close down stores. IHOP once had sales of $350 billion and $32,300, but where that lies now is unknown.
Burger King (BK) is an American multinational fast-food hamburger chain. It was headquartered in Miami-Dade County, Florida, Unincorporated Area. Burger King was founded in 1966 and was formerly known as Insta – Burger King. The company was purchased by its two Miami-based franchisees, David Edgerton and James McLamore, and changed its name to “Burger King.” As of December 31, 2018, Burger King reported it had 17,796 outlets in 100 countries but has been decreasing every year with no 200-250 locations expected to close.
Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started by Samuel E. (Sandy) Beall III. Ruby Tuesday is a popular neighborhood spot, much like TFI Fridays and Applebee’s. It was initially established in Knoxville, Tennessee, in 1972, and nowadays, it has roughly 491 stores. A lot of their outlets are located in the East Coast area, but recently, they announced that due to the shortage of cash flow, they would close a majority of their stores.
This closure hits home for us. This local joint is home to the most delicious baked goods you can find, especially the key lime pie! Marie Callender’s was owned and operated by Marie Callender herself, as she created the chain of restaurants while also living in a trailer park. She started to bake pies to support her family, and finally, the restaurant became a complete success. Unfortunately, a personal tragedy in 2009 has caused a lot of ups and downs in the progress of the restaurant. The restaurant has filed for bankruptcy after her husband passed away due to head trauma and has closed several locations. Almost all of the remaining branches are in California, where they’re also headquartered.
Kona Grill is a Scottsdale, Arizona based sushi restaurant with around 40 restaurants in 23 U.S. states, as well as three international locations operating under franchise agreements. Regrettably, since its inception in 1989, the chain has been battling off closures. They publicly stated that they are indeed filing for bankruptcy in the spring of 2019. Even so, this company still doesn’t think about giving up and hopes to find a merger even after the CEO has declared his real say in withdrawing.
The fast-food sandwich shop filed for bankruptcy in 2014 but made a successful turnaround alongside the $400 million decreases in its debt. This joint had 5,000 locations worldwide back in 2002 but now has only eight hundred. The shutdowns began in 2007 when they bid their farewell to one thousand US locations. Quiznos was North America’s second-largest submarine sandwich shop chain, behind Subway. A survey conducted in 2016 suggested Quiznos was the ninth-largest sandwich submarine shop chain based on actual sales. Money.com reported in May 2018 that Quiznos had 1,500 US-wide locations.
Upon merging with Outback Steakhouse, which started as a family restaurant in 1986 eventually turned into a restaurant sensation. They changed their name to Bloomin’ Brands and started to open up more domestic and international spots. There are more than enough restaurants under Bloomin’ Brands, but Carrabas is the one with the most franchise shutdowns.
If you think of Starbucks, ‘restaurant’ is perhaps not the word that comes to mind. Do not forget, though, that the company also sells other foods as well as coffee. Back in 2018, the coffee giant made a remarkable announcement saying it will shut down 150 stores across the U.S. to expand its current market. Those reductions are three times greater than Starbucks ‘ average interest rate. And as of early 2020, the company operates over 30,000 locations worldwide in more than 70 countries.
The story about T.G.I Friday is a slightly sweet one. It was established in New York City in 1965. The main goal behind it was to set up space for younger people to meet and make new friends in a comfortable and relaxed environment in their twenties and thirties. Recently, with those particular groups of people, the chain is gradually becoming less trendy. They decided to close branches in 2018 and 2019 in key locations, including Tallahassee, Staten Island, and Washington DC.
If you spend too much time worrying that your pizza won’t be warm and fresh by the time it’s delivered to you, Papa Murphy has come up with a solution. More than 1,300 outlets operate in the United States and Canada through the company and its franchisees. Papa Murphy’s is America’s fifth-largest pizza company. They’ve developed the take-and-bake strategy, where you get the pizza in the store, take it home and then bake it yourself. And while this sounds like a great idea, over 60 locations across the United States had to be shut down in 2018 and 2019. It was then announced in April 2019 that MTY Food Group would purchase the business for $190 million.
In all sincerity, Taco Bell is Mexican-inspired at best. The restaurants serve a variety of Mexican and Tex-Mex foods that include tacos, burritos, quesadillas, and nachos. It’s not so much an accurate representation of Mexican cuisine. Other than that, it will come with a price now that the company is looking to expand outside the USA. However, the company decides to close branches in Pennsylvania, Arkansas, and four branches in Maine all through 2019.
Pollo Tropical was with its Caribbean cuisine for years for the Southern Floridians. Even then, the company could not find a stronghold once it began to expand to Cubans, Venezuelans, and Haitians. It’s been planning to open a store in Texas, and yet it never actually happened. By the time 2019 came, around 23 branches had forced to close due to the massive financial losses. The trend continued during 2019, with more branches shutting down.
These days, America’s fourth-largest pizza delivery restaurant has had a tough time keeping it afloat. The founder got into a difficult situation by using a derogatory, racist remark that made him step down last year. Sales dropped by 7.8% due to the outrage related to the incident and the change in management. And due to this dramatic change, analysts tried to warn that in 2019 there would be a lot of closures happening. It was widely believed that it would close as many as 250 branches.
If you want a handmade pizza that will be ready in five minutes and also styled to your personal preferences, then Pie Five is the place to go. Even though it was barely ten years ago, the idea of fast-casual caught on in the U.S. and spread like wildfire outside of Texas. Unfortunately, they start to crumble just as quickly as they went up. The company has shut down more than 30 locations in the last couple of years. Matter of fact, all through 2019, they shut down even more.
And since Pizza Rev has only been in business for eight years, it has already made a huge impact. This was California’s response to Pie Five that allowed customers to pick up pizzas quickly during their break at work. And though the theory caught on in other nations, its rapid growth now has some issues now and then. During 2019, they closed as many as 9 locations.
Eat ‘N Park
The West Virginia, Pennsylvania, and Ohio people have loved meals from Eat ‘ N Park for 70 years. Even after the restaurant is doing well on the business end, residents in Ohio had five different restaurant locations closed throughout 2019. Even now, the remaining branches are being upgraded, so there’s still a ray of hope.
In the past few years, even Subway hasn’t been immune to closed restaurants. Subway closed in the United States in 2018 alone a record of 1,100 branches. More closures also took place in 2019. But don’t feel sad, because Subway is still the world’s largest chain restaurant. The company deliberately keeps the most profitable branches open.
Chipotle forced to close 50 different locations in 2019. Due to the increasing popularity of the chain, a few strong losses over the past few years have placed a dent in the reputation of the firm. The restaurant had been struggling with some cheap marketing a few years ago: consumers got sick with E. Coli during two outbreaks associated with the food that they had consumed at Chipotle. And a cyberattack jeopardized the personal information of customers in 2019. But other than that, in 2019 there are more than 150 new branches that had happened, so something must be going right.
Potbelly Sandwich Shop
It turns out that even the name hasn’t scared the health-conscious generations of today. Potbelly has come a long way over the past couple of years and expanded to India and outside of the US. And while this chain is continuing to expand, it is contracting as well. Just three years before opening its Toronto branch, all of its town shops had to be shut down by 2019. It has reached the point where restaurant chain sales weren’t able to succeed.
Jack In The Box
Jack in the Box hasn’t had his competitors’ success in the market. Since it launched in 1951, kids across the U.S. have still chosen McDonald’s over Jack, and it is the same even now. The company which owns this chain previously owned Qdoba before selling it back in 2018. The burger chain has since been losing a lot of business and therefore needed to close down some of its locations. The company is making predictions that it will close down at least 14 stores this year alone.
Noodles & Company
Noodles & Company was founded in 1995 and enjoyed some years of success before their gross profit margin continued to deteriorate. After the early 2000s, people did not seem to want to get in on the noodle frenzy quite as much. After all, what made a huge impact in 2016 was a breach of security, which exposed the personal information of customers across the states. The data breach hugely affects the firm by $11 million. 10% of their outlets had to be closed in 2018.
Joe’s Crab Shack
Joe’s Crab Shack was once an all-time favorite and popular food chain that mainly focuses on large buckets of crab, stuffed shrimp, and other American comfort dishes. It could have been their competition with Bubba Gump or other independent seafood restaurants that made them less appealing for their existing customers. The company filed for bankruptcy in 2017 and closed 41 of its spots. There are 58 stores currently open right now, and many more are expected to close this year.
Howard Johnson’s had fried clam that everyone loved, and 28 ice cream flavors that travelers came to love just as much. Somewhere around 1,000 roadside locations existed during the 1960s and 1970s. The chain was formally established in 1925, but it wasn’t too long ago that the New York restaurant clung to life support, as per Yelp reviews. What is more, only two years ago, the very last location was shut down.
The chain was established in 1972. The co-founders decided to buy a former men’s wear, Tom Houlihan. The architect then named this as “Houlihan ‘s Old Place” and became a project on the renovation, nonetheless, and it remained that way. Although they seemed to have done all they can, the company now has debts of $50 million and closes several venues.
Baja Fresh Mexican Grill
Baja Fresh Mexican Grill is famously known for its burritos, self-serve salsa, and taquitos. In 1990, the bar had already been launched, but Wendy’s ended up buying it in 2002. At the time, nearly 300 units were placed in 21 states. And since locations began to close in 2004, this chain has continued to decline.
Ground Round’s slogan, created in 1969, states, “The place for families, friends, and fans of sports.” When the company filed for bankruptcy in 2004 they have been around 100 locations. Not to mention, almost all have suddenly closed their locations. And only 17 continues to operate today.
This popular yogurt store opened its doors in 2005, in West Hollywood. It immediately became a popular spot with plenty of tv personalities shopping there as well. Though the yogurt tastes good, it wasn’t enough. The company eventually expanded to 21 countries, but only 139 locations remained open in the United States by 2015.
Thank God Its Friday is a casual dining concept, and around the world, it has about 870 spots. The restaurant was formed by Daniel Scoggin and Alan Stillman in New York City. They moved the headquarters to Texas, but there are still many establishments around. They publicly stated that the locations would be forced to close between 2019 and 2020.
CKJE Restaurant Holdings owns Carl’s Jr., who is also one of the most popular fast-food chains in the US and Canada. It started in 1941 as a hotdog stand and continued to expand further to a full restaurant. They still face their challenges given their success, and they also have forced to close several stores annually. They still have 1,490 leftovers nationally and internationally, though.