Due to poor sales and fewer customers year-over-year, itâs clear that this restaurant may not last much longer. This is largely due to the fact that Papa Murphyâs has been accumulating debt like itâs going out of style. The restaurant has been changing its menu in an attempt to attract new customers, but it seems like people donât want to eat re-heated food anymore. Boston Market just refused to update its restaurant and menu. Now, itâs to the point where the stock has now plummeted 25%. Things seem to be picking up for the company, but all of its brands arenât performing equally as well. BJâs is another bar and grill chain, and itâs been struggling lately. It filed for bankruptcy in 2011, but things didnât look up as it reported a decline in sales once again. The group has been struggling with the pandemic and shutdowns since everything began. In 2019, Restaurant Business found the chain was $170 million in debt. Chipotle has a notorious reputation for making people sick â literally. The casual US sit-down restaurant chain announced this month that it will be shuttering more than 130 of its restaurants by 2018, the result of poor … Houlihanâs decided to alter its menu and even added a few âVeggie Goodâ options to attract millennials. Because of this, these 400 Wendyâs locations are shutting down in the same 27 states. Whether itâs because these places canât attract customers or because of poor spending habits, tons of big-name stores wonât make it through this year. When Steak ân Shake first popped up, it did really well. Overall, itâs accrued a debt of nearly $1 billion. The last location closed in 2012. Any restaurant thatâs been open for a while will experience changes, but Friendlyâs has had over its fair share of changes. Due to all this conflict (and the restaurants closing left and right), Jack in the Box is on borrowed time. While no one can be 100% sure these chains will … Over the last two years, Applebeeâs has closed more than 120 locations, and itâs looking to close more in the coming year. Considering there were once over 1,000 locations, itâs crazy to believe that it fell out of favor so quickly. Even the best of burgers canât make up for countless health-code violations. Notice how we didnât mention Jack in the Box? OâCharleyâs refuses to update the menu, which is how you attract new customers (and bring back old ones). Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryanâs Buffet. Considering the pandemic has hit a second wave, weâre not sure this kid-friendly pizza place will make it through the year. Due to all this conflict (and the restaurants closing left and right), Jack in the Box is on borrowed time. The group has been struggling with the pandemic and shutdowns since everything began. Lubyâs closed 14 locations, but itâs not helping much. Those who used to go to the restaurant may notice that driving to get dinner there is tougher than it used to be. Considering it was owned by the same people as Perkins, owners hoped the brand would be picked up by Huddle House. Many are making radical changes to attract new customers, like the IHOb campaign, while others are just biting the bullet and closing locations. Applebeeâs has been on the downswing for a while. Along with that, it closed several of its locations. Locations for this restaurant have been closing to the point where there are only 240 nationwide. At least Marie Callenderâs still has frozen foods, right? The restaurant had been losing money while expanding too quickly. Poor Quiznos. This White Castle-esque fast food restaurant chain has 360 locations, but it seems like that number is getting smaller and smaller every year. On top of that, revenue was down 13%. Unlike Christmas, when many major chains closed, more restaurants will … Golden Corral is famed for its extravagant buffet. Coined "dial-a-pizza," the Seattle-based chain grew to 42 restaurants. The same franchisee, NPC International, that owned 1,200 Pizza Huts also owned 400 Wendyâs locations. Every grocery store sells rotisserie chickens, and younger customers just want a different ambiance than the restaurant can offer. After filing for Chapter 11, the company shuttered 28 of its 134 remaining stores across the country. It seems like buffets just arenât making it. The chain closed more than 100 locations over the last year but planned to reopen some to offer counter service, instead of the traditional table service. Along with the bankruptcy, Joeâs suddenly closed 41 restaurants without even informing employees. The company also listed about 45 leases it chose to reject, including some locations in California, Florida, Massachusetts, Ohio, and Oklahoma. They won’t be wealthy for long, however, because a lot of chains have had to shut up shop in some of their many locations due to a decrease in loyal diners. Joe's Crab Shack and Fuddrucker's used to be staples of family vacations, as they are located in traditional "getaway" destinations. If this doesnât work, we may not see this chain much longer.Â. 50 Menu Items Fast Food Workers Say Never to Order, Andrew Burton/Getty Images News/Getty Images. Itâs closed pretty much every location except one, and you can hear the death rattle of that last, surviving restaurant. Lubyâs closed 14 locations, but itâs not helping much. After filing for Chapter 11, the company shuttered 28 of its 134 remaining stores across the country. The number of locations was once in the hundreds, but now, thereâs only 65. Unfortunately, things arenât working out in Houlihanâs favor. Sbarro has been one of the most popular pizza places in America since it popped up over 20 years ago. Dunkinâ Donuts just released a statement that they had to close 450 stores, most inside gas stations and outlet stores. Malls are closing, so OâCharleyâs canât be far behind.Â. It isnât enough. For a look at the major fast-food chains that opened more than 100 restaurants last year, see The 9 Fastest-Growing Fast-Food Restaurant Chains ... writers through my Make a … The final death knell was the moment malls started closing left and right. Next . Because of this, Lubyâs sought to sell off most of Fuddruckerâs locations to franchisees. One by one, the brand has been closing its once-popular locations in an attempt to stave off bankruptcy. In 2017, Joeâs Crab Shack filed for bankruptcy. While we can never be 100% certain, weâre guessing that these restaurants wonât make it through the year. Late January 2020, Krystalâs filed for bankruptcy due to being in debt. Along with the bankruptcy, Joeâs suddenly closed 41 restaurants without even informing employees. The grill began expanding to places like Florida and Brazil before it learned that people just werenât interested. Itâs been a while. BJâs is another bar and grill chain, and itâs been struggling lately. A decade ago, there were almost 950 Ruby Tuesdays, but today, thereâs only 460. Restaurant industry financial statistics indicate that restaurant owners usually make around $60,000 a year, which makes their monthly income some $5,000. Nope. Excluding the one already mentioned, it could also be called Old Country Buffet, Country Buffet, or Ryanâs Buffet. Some people will just have to drive a little farther for their Baconator. Those who used to go to the restaurant may notice that driving to get dinner there is tougher than it used to be. While we would understand closing some inside of outlet stores, gas stations havenât been closed during the pandemic. This one is pretty unique compared to others on the list. Soon after, franchisees cried out, saying the CEO should be replaced. Joeâs Crab Shack may have one of the best slogans in the restaurant business (âI got Crabs,â âFree crabs,â and âPeace, love, and crabsâ), but maybe that isnât what people want in food? USA Today referred to this chain as âa fading relic of the 1980s,â and theyâre spot on. It featured some pretty good food made from scratch, so youâd think the restaurant would be doing well. Friendly’s rebounded from a 2011 bankruptcy, but 2018 sales declined by more than 11%. Now, there are fewer than 800 stores left.Â. This is a list of defunct fast-food chains.A restaurant chain is a set of related restaurants with the same name in many different locations that are either under shared corporate ownership (e.g., McDonald's in the U.S.) or franchising agreements. In 2014, Quiznos filed for bankruptcy, but recovery wasnât in sight. Now, the company has been hit with a child labor violation in Massachusetts, which could further damage reputation and sales. The fast-casual Mexican chain started in Denver back in 1995, and despite closing numerous locations over the years, it has continued to replace them with new eateries. USA Today referred to this chain as âa fading relic of the 1980s,â and theyâre spot on. The worst part is that the parent company, Food Management Partners, often closes restaurants without warning the employees. This one is pretty unique compared to others on the list. These places have had a good run, right? Well, that basically defines Golden Corral to a ât.â While older folks still love this restaurant, younger people prefer something a little different. The restaurant is known for its burritos, taquitos, and self-serve salsa bar, but that just isnât cutting it in 2020. In the last 10 years, Hooters closed over 7% of its stores, and that number is only growing. Applebeeâs has been on the downswing for a while. Despite this, Checkers and Rallyâs closed dozens of locations in 2019. Things have shifted quite a bit thanks to a new group of consumers looking for something healthy and fresh for dinner, rather than the microwaved stuff you can get from Applebeeâs. Bravo! 50 Menu Items Fast Food Workers Say Never to Order, Foods to Stay Away From if Youâre Watching Your Cholesterol, 30 Cholesterol-Fighting Foods You Need in Your Diet. This White Castle-esque fast food restaurant chain has 360 locations, but it seems like that number is getting smaller and smaller every year. Houlihanâs has been a happy-hour spot for ages. These stores are set to close by the end of the year. Management claimed that it was due to the fact avocado prices took a 50% price hike. Declining sales and rising labor costs are making it hard for Red Robin to keep its doors open. Slow service doesnât help, but the real issue is the horrific reports of nasty restaurants. Last year, Boston Market began shutting down its stores, and now, 10% of its locations disappeared. That same year, Perkins filed for bankruptcy for the second time in just 10 years. , the most enthusiastic of all casual Italian eateries, was already in financial trouble for the … Carrabbaâs Italian Grill is owned by Bloominâ Brands, a company that was struggling not too long ago. NPC International filed for Chapter 11 bankruptcy following the prolonged shutdown of COVID-19. Sadly, things couldnât stay like that. HomeTown Buffet goes by one of four names. Boston Market has also struggled with bankruptcy, one which forced them to close 700 locations all at once. But bad business decisions and changes in the way we eat spelled the end of these and other popular fast food chains. While debt isnât bad, you have to have profits to pay down debt, and Papa Murphyâs has been negative quarter after quarter. At the time, sales were down 4%. Alot Finance While debt isnât bad, you have to have profits to pay down debt, and Papa Murphyâs has been negative quarter after quarter. 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