Find Out Which Restaurants Are Closing Down Their Stores This Year

Published on 08/12/2020
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Red Robin

The burger chain was founded in 1969 in Seattle, Washington. The first franchised restaurant was built ten years later. There are currently 562 restaurants in the establishment, of which 90 are franchises. Sad to say, they decided to close ten stores after a recent downturn of 85.4 percent and have yet to reject investor opinions about closing the company altogether.

Red Robin

Red Robin

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HomeTown Buffet

The Hometown Buffet style restaurant was built in 1983 and, when they were at their best, reached 250 restaurants. It is a division of Ovation Brands, a subsidiary of Food Management Partners. Even so, it was recently acquired by Food Management and was newly operated. This new change was not so perfect for HomeTown Buffet, and since August 2019, over 200 restaurants have closed.

HomeTown Buffet

HomeTown Buffet

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