Find Out Which Restaurants Are Closing Down Their Stores This Year

Published on 08/12/2020
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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

Del Taco

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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

Applebee’s

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