A lot of unfortunate news in the past year has shown that most of the country’s best stores have shut down a lot of branches all over the country. Retail stores are negatively affected by this challenging period, but figures have to be cut in many restaurants now. Every restaurant on this list is closed for its cause, so continue reading to see which of our favorites will be closed and which will, fortunately, be opened in 2020.
Find Out Which Restaurants Are Closing Down Their Stores This Year
Pizza Hut
Established in 1958, Pizza Hut has around 18,431 branches around the world. The shop comes from Wichita, Kansas, and is an affiliate of the bigger Yum! Brands. There are currently 7,500 stores in the United States, but Yum Brands recently announced they would close 500 outlets that do not meet sales targets. This project will be done in two years.
Pizza Hut
Luby’s
The company Luby was the first company to set up famous chain restaurants such as Luby’s, Koo Koo Roo, Fuddruckers and Cheeseburger in Paradise. It was founded in 1947 under the name Luby’s Cafeteria and was subsequently changed its name. The actual Luby ‘s restaurant has 83 locations, but they recently announced they would close the less successful branches. Before that, they helped to strengthen their revenue by earning $6.6 million in profit.
Luby’s
Steak ‘N Shake
Steak N Shake, founded in 1934, started operating in Normal, Illinois, as a simple burger restaurant. Nowadays, it currently runs from many locations like America, Southwest Europe, and the Middle East. There are 628 franchised locations with 214 branches today. That said, they will temporarily close several dozen sites while looking for a new franchise partner.
Steak ‘N Shake
O’Charley’s
O’Charley’s started in 1971 and now consists of almost 200 South and Midwest restaurants. The simple dining chain, though, recently closed eight outlets in one day besides others. Fidelity Nationality decides at this point whether they want to try and help the restaurant to remain open.
O’Charley’s
Tim Hortons
Tim Hortons is based in Toronto and is Canada’s largest fast-food site. Tim Horton and Jim Charade initially wanted to build a hamburger joint but then switched to coffee and donuts. Tim Horton ‘s Inc. has run 4,848 branches globally but recently announced its intention to reduce its low financial stores. The latest was the abrupt shutdown of 4 Ohio restaurants.
Tim Hortons
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
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
McCormick & Schmick’s
The seafood joint will close more outlets by 2020, after shutting nearly half of its outlets. McCormick & Schmick’s is based in Portland, Oregon, and holds the parent company Landry’s Inc. They have about 40 locations in the United States and 5 in Canada. It is safe to say that the business does not thrive between its revenues, net income, assets, and equity. Landry is in charge of shutting the branches and transferring the headquarters to Texas.
McCormick & Schmick’s
Fuddruckers
Fuddruckers was the go-to place for those crispy chicken finger lovers at one point. It has nearly 111 franchises, and 77 subsidiaries of businesses operating nationally were at their peak. They have a $150 million turnover and plan to expand by shutting several shops. Its headquarters is in Texas and has changed its ownership many times.
Fuddruckers
Roy Rogers
The Roy Rogers Restaurants is named after old western star Roy Rogers and is a burger chain based mostly in the Northeast and Mid-Atlantic areas. It was officially called RoBee’s House of Beef but was then acquired by the Marriot hotel company. They conducted an aggressive consumer sales campaign, which at one time attracted 600 branches throughout the USA. It was sold in 1990 to Hardee’s parent company, and now only 48 locations remain.
Roy Rogers
Boston Market
The Boston Chicken stands out for its unique rotisserie chicken. It is now called the Boston Market, though. It is most commonly found in the northeast/middle west, but also Florida and is owned by Sun Capital. In 2013, there were about 462 outlets, but today that number has dropped dramatically. The restaurant chain even confessed that it was undertaking a “multifaceted transformation plan.”
Boston Market
Perkins
The breakfast and bakery chain was established in 1958 in Cincinnati, Ohio, as a private company under the Pancake House. It was changed to Perkins Family Restaurant a few years later. It is dispersed across the country between thirty-two US states and four provisions in Canada. Also, it is owned by Marie Callender’s restaurant, which was on its own and filed for bankruptcy in 2019. This, unfortunately, resulted in rapid store closings, and 25,000 workers were laid off.
Perkins
Friendly’s
This chain is situated in the East coast area. It has gone through many changes, including a declaration of bankruptcy a few years ago, since it was founded in 1935. But it made a comeback and changed the menu entirely. There are 167 sites today, but they plan to close the spots due to low traffic.
Friendly’s
Del Taco
In the 1960s, Del Taco was established as an inspired Mexican restaurant, selling burgers and fries. It is particularly popular in the Western and Southwestern states and has 564 restaurants. Even so, by 2020, proposals have been made to shut down less famous areas. They are also keen to go into franchising more. It was sold to Levy Acquisition in 2015 and became a public corporation. They did not have incredibly successful plans for eastern expansion but still generated significant revenues, which made them a valuable competitor against Taco Bell.
Del Taco
Applebee’s
Applebee’s is the famous IHOP’s sister restaurant, and the two are shut down sadly. Most of the sites are franchised with 1830 restaurants worldwide. Once the restaurant had $2.5 billion in revenues, total assets were $935 million and 28,000 employees.
Applebee’s
IHOP
The International House of Pancakes is the one that takes me back. Pancake House is owned by Dine Brands Global’s parent company and has its headquarters in Los Angeles, California. They are competitors of Waffle House, which will quickly shut down companies. IHOP used to have $350 billion, and revenue of $32.300 billion, but the situation now is not clear.
IHOP
Burger King
Burger King was founded in 1966 and formerly known as Insta-Burger King. Presently, there are 17,8000 restaurants across the country, but each year has decreased, with no 200 to 250 restaurants set to close.
Burger King
Ruby Tuesday
Ruby Tuesdays, like TGI Fridays and Applebees, is everyone’s favorite local spots. Established in 1972, it has 491 stores today in Knoxville, Tennessee. Most of them lie in the East Coast area, and yet, due to lack of sales, they recently announced their closure for most of their shops.
Ruby Tuesday
Marie Callender’s
This closure hits us home. The most delicious pie, especially lime pie, is this local joint ‘s home! Marie Callender’s was formed by Marie Callender herself when she founded the restaurant chain in a trailer park. She started baking pies to support her family, and eventually, the restaurant was a tremendous success. Regrettably, a family tragedy in 2009 affected the restaurant’s prosperity. The restaurant filed for bankruptcy and shut down several locations after her husband was deceased due to head trauma. Most of the remaining divisions and their offices are also located in California.
Marie Callender’s
Kona Grill
Kona Grill is a sushi restaurant founded in Scottsdale, Arizona, and now has 40 sites in the USA and Puerto Rico. Worse still, since it was founded in 1989, the chain has been combating closures. They announced that they were filing for bankruptcy in the spring of 2019. But the retailer has not yet given up and hopes to find a deal following the CEO ‘s announcement of his interest in resigning.
Kona Grill
Quiznos
The fast-food sandwich store proposed bankruptcy in 2014 but recovered successfully after its debt was reduced by $400 million. In 2002, this joint had 5,000 sites worldwide but now has only 800. The cuts started in 2007 when one thousand places in the United States were withdrawn.
Quiznos
Carrabba’s
In 1986, what started as a family restaurant soon became a restaurant sensation following its merger with Outback Steakhouse. They have also changed their name to Bloom’s brand and have opened more domestic and international venues. Bloomin ‘s brands have many outlets, but Carrabas has the most store reductions.
Carrabba’s
Starbucks
When you think of Starbucks, perhaps ‘ restaurant ‘ isn’t the word that appears to mind. But still don’t forget the company is selling other foods and also some coffee. Back in 2018, the coffee giant its current economic climate. Those closures are three times greater than Starbucks’ average rate.
Starbucks
T.G.I. Friday’s
The story about T.G.I. Friday is a slightly sweet one. They were created in New York City in 1965. The primary objective behind it all is to create a platform for younger people to meet and socialize in a comfortable and laid-back environment. These days, this particular demographic is slowly becoming less popular with the system. They closed branches in 2018 and 2019 in central locations like Tallahassee, Staten Island, and Washington DC.
TGI Fridays