re: 53 restaurant chains on brink of disappearing. Glad we are “building back better”

no they are not closing all the chains and franchises ..this is a fradulent article . you are smarter than that Dawg ( i hope)

That’s bullshite article. Chipotle isn’t going anywhere. Look at their earnings. They were crushing it quarter after quarter.

I hate Starbucks as much as anybody, but they aren’t going anywhere either.

Some of those chains are in trouble for sure. But they are obvious.

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Biden’s America in full swing.

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60+ upvotes when literally everything in the article happened prior to Biden talking office. Not sure anyone needs to give "responses, deflections, and down-plays" when the article has nothing to do with the last 9 months.

Some examples from the article:

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However, over time, the restaurant chain has seen sales decline and not really pick back up. So far, Applebees

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However, slowly but surely, the hype about the brand died down. Bloomin' Brands decided to slowly start closing down location after location based on performance, which included several Bonefish Grill and Outback Steakhouse locations as well. In 2020, another 43 of their locations will close.

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Ruby Tuesdays

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Over the last decade, the chain closed many of its locations, 76 of them between 2018 and 2020.

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Krystal

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In January 2020, the chain filed for bankruptcy as a result of their $50 - $100 million debt.

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[img]At the height of their success, there were 134 Bar Louie locations across 26 states. They filed for bankruptcy because their growth was too fast and sales took a dive. They are currently sitting on over $100 million debt.[/img] This filing was in Jan 2020

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The former owner of Houlihan's, HRI Holding Corp, filed for bankruptcy in 2019.

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[img]Ponderosa Steakhouse used to be the go-to steakhouse of the South. It offered people dishes with "the spirit of the Old West and honest-to-goodness value," as their website states. However, the economic recession that hit the United States in 2008, hurt the chain beyond repair.[/img]

[img]Just under a decade ago, Joe's Crab Shack had nearly 140 locations nationwide. Today, they have 60 locations left and are operating at a $16.6 million loss. In 2017, the chain filed for bankruptcy and shut down 41 locations without giving their employees any notice.[/img]

[img]Noodles & Company have been in deep water for some time now. They have been slowly and quietly closing location after location that has not been profitable. In 2017, they closed 55 locations, and in 2018 they closed another 10.[/img]

[img]One of the most popular restaurant chains around, TGI Friday's is also not doing well. They saw a major loss in revenue in 2019 and closed many of their locations across the country. They have also seen an 11.3% decrease in sales and a 9.1% decrease in patron traffic.[/img]

[img]The rising cost of labor and fewer customers has been the reason Red Robin is dangerously close to closing for good. In 2018, they ended the year with a loss of $10.6 million. They proceeded to close several locations, leaving 562 of them across the country.[/img]

Friendly's

[img]In 2011, they filed for bankruptcy, which was supposed to help them but only ended up damaging them more. They are working to revamp everything, but customers have already written them off. They have 167 locations left and they are mostly on the East Coast.[/img]

[img]They used to be owned by Jack in the Box but were sold in 2017 to Apollo Global Management. Qdoba has also been on the receiving end of health scares and huge sales slumps.[/img]

The ones with liquor licenses will survive. Others, not so much.

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I don't believe I would have told that. You ate at Hooter's more than once? The next time I eat there will be my 1st.

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I was the junior CPO in my command, so I was always dragged to Hooters or Twin Peaks on drill weekends. My going to these places wasn't by choice.

This is a garbage clickbait article with absolutely no basis in fact.

I learned two things. Every chain is doomed and my liver is dying.

No "job lock" is a good thing?

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Taco Bell

They better not.

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Don’t worry. Taco Bell wins the franchise wars and is the last chain standing by 2032. It has been written.