The chain was founded in 1952 and continued to grow over the years. Qdoba is owned by Jack in the Box, so if that company is struggling, it isn’t odd that this one would be as well. The chain has been closing locations at an alarming rate. Along with that, it closed several of its locations. According to QSR Magazine's annual drive-thru study, last year’s speed-of-service averaged 234 seconds. In the ’90s, there were over 1,100 locations, but now it’s lower than 400. Things didn’t pick up, and Marie Callender’s was forced to file for bankruptcy again in 2019. The declining chain has shuttered about a fourth of its restaurants over the last two years. It isn’t enough. How Do Unemployment Insurance Claims Affect Employers? The restaurant has a pretty strong following that’s been keeping it in business. Chipotle has a notorious reputation for making people sick – literally. Millennials, in particular, put more emphasis on freshly-prepared, quality ingredients, something Applebee’s isn’t known for. Sadly, things couldn’t stay like that. > Some brands were already having a tough time as Millennials have moved away from some legacy nationwide chains toward locally-owned operations. One of those is Carrabba’s Italian Grill. The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. The brand hasn’t yet declared bankruptcy but closing 450 isn’t a small number. The chain filed for bankruptcy, and many of the stores it planned to open were scrapped. Sales continued to drop, and stores began to close.  Now, there are approximately 650 locations left. Then, the recession hit, and it closed around 2,000 locations. Every year, it seems like hundreds of people get ill from eating at the restaurant. Whatever you call it, all of them are disappearing at an alarming rate – at least, if you loved the restaurant, it’s alarming. It won’t be long before the last store closes. Because of this massive fall, the company which owns BJ’s, DineEquity, also lost 47% of its value. In 2018, 97 restaurants shut down, and more followed in 2019. 25 Most Expensive Places to Live in the U.S. Pros and Cons of Being a Mechanical Engineer, 40 Most Out-of-the-Box Things Seized by the TSA, 40 Home Decor Mistakes Everyone Over 45 Should Avoid, 30 Classic Home Decor Trends That Make Us Cringe Today, 40 Pictures That Show How the Playboy Mansion Has Changed Over the Years. It filed for bankruptcy in 2011, but things didn’t look up as it reported a decline in sales once again. Apparently, this Canadian chain isn't really killing it in the U.S. Tim Hortons has been … A total of 1,200 Pizza Huts are going to shut down in 27 states. For two years, Friendly’s has been closing so many stores that it’s decreased its number of locations by a fourth. This year alone, Chipotle will close up to 65 stores. O’Charley’s refuses to update the menu, which is how you attract new customers (and bring back old ones). In 2018, the business started looking for financial help because it had been struggling. While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. NPC International filed for Chapter 11 bankruptcy following the prolonged shutdown of COVID-19. Like with retail, the restaurant industry is struggling to stay afloat. We borrowed the grades from the 2018 report, Chain Reaction IV, Burger Edition put out by the Natural Resources Defense Council (NRDC), the Center for Food Safety, Consumer Reports, and several other organizations. O’Charley’s refuses to update the menu, which is how you attract new customers (and bring back old ones). The number of locations was once in the hundreds, but now, there’s only 65. Unlike Christmas, when many major chains closed, more restaurants will … It owed anywhere between $50 to $100 million (the actual number hasn’t been reported). This is largely due to the fact that Papa Murphy’s has been accumulating debt like it’s going out of style. This one is a long time coming. At the time, sales were down 4%. It’s been a while. In 2002, the restaurant was acquired by Wendy’s, and there were close to 300 locations. Two of those locations were in the Chicago area, where the company started in 1990. However, after filing for bankruptcy in 1998 the company was acquired and sold in 2001. The grill began expanding to places like Florida and Brazil before it learned that people just weren’t interested. One thing has become painfully clear in the restaurant industry: buffets are falling out of favor. We can’t say it’ll 100% gone by the end of the year, but chances aren’t good. HomeTown Buffet goes by one of four names. List of fast food restaurant chains. Minnie Pearl's Chicken Unfortunately, things aren’t working out in Houlihan’s favor. BJ’s is another bar and grill chain, and it’s been struggling lately. Whether it’s because these places can’t attract customers or because of poor spending habits, tons of big-name stores won’t make it through this year. That doesn’t change the fact that this chain (if you can call it that anymore) will fall by the end of 2020. This could be because the stores close without warning, often leaving employees stunned and jobless without a single notice. That same year, Perkins filed for bankruptcy for the second time in just 10 years. Surprise: Jack in the Box didn’t do it. Hooters may have been done in by the #MeToo movement. Well, that basically defines Golden Corral to a “t.” While older folks still love this restaurant, younger people prefer something a little different. After filing for Chapter 11, the company shuttered 28 of its 134 remaining stores across the country. If you think about it, when was the last time someone said, “let’s go to Sbarro!” Exactly. Last quarter marked the 12th straight period of declining sales. Then, the reason became quite clear. Any restaurant that’s been open for a while will experience changes, but Friendly’s has had over its fair share of changes. Boston Market has also struggled with bankruptcy, one which forced them to close 700 locations all at once. Poor Quiznos. The restaurant has a pretty strong following that’s been keeping it in business. Some of the biggest celebrity athletes of the '90s were behind The Official … Now, there are fewer than 800 stores left.Â. A decade ago, there were almost 950 Ruby Tuesdays, but today, there’s only 460. Qdoba is owned by Jack in the Box, so if that company is struggling, it isn’t odd that this one would be as well. Then, we all realized why. One in Florida was closed in May 2019 due to having an issue with dead rodents spread among the restaurant. Unfortunately, after filing for bankruptcy in 1998, all but one of the stores were … If this doesn’t work, we may not see this chain much longer.Â. Unfortunately, things aren’t working out in Houlihan’s favor. The company that owns the brand claims that the other didn’t pay royalties for the brand and used unapproved products. Before this occurred, 11 locations already closed due to the COVID-19 pandemic, but now, 34 will certainly follow. Due to poor sales and fewer customers year-over-year, it’s clear that this restaurant may not last much longer. This one is pretty unique compared to others on the list. Nope. It’s been a while. It’s closed pretty much every location except one, and you can hear the death rattle of that last, surviving restaurant. This is compared to 225 seconds in 2017 and 190 seconds in 2003. Those who used to go to the restaurant may notice that driving to get dinner there is tougher than it used to be. Unfortunately, it hasn’t made that much of a difference. These places, too, have been on a downturn. Then, the recession hit, and it closed around 2,000 locations. Soon after, franchisees cried out, saying the CEO should be replaced. Unfortunately, it hasn’t made that much of a difference. Joe’s Crab Shack may have one of the best slogans in the restaurant business (“I got Crabs,” “Free crabs,” and “Peace, love, and crabs”), but maybe that isn’t what people want in food? While debt isn’t bad, you have to have profits to pay down debt, and Papa Murphy’s has been negative quarter after quarter. Here are 29 restaurant chains … So, franchisees filed a lawsuit – the last thing a financially struggling restaurant needs. The last location closed in 2012. Fuddrucker’s is owned by Luby’s, which is having its own struggles. 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