Restaurants out of business Casa Bonita. The company has also lost its Dec 19, 2024 · Bloomin’ to shutter 41 underperforming restaurants By Aneurin Canham-Clyne • Feb. According to Business Insider, 70 percent of all restaurants are independently owned. However, its popularity has waned, mainly as people grew squeamish about buffets during the pandemic, and locations throughout the South have shuttered. Aug 19, 2024 · O’Leary notes while some restaurants have had to scale back or even declare bankruptcy, others are moving to less expensive locations or turning into commercial kitchens that specialize only in takeout. “The mandated dining room closure orders wiped out 60% of our restaurants within days and since then we have experienced nothing short of devastating sales declines. “I remember them for their chili dogs,” one person wrote on a message board in 2007 May 15, 2025 · Piccadilly Restaurants first opened its all-you-can-eat cafeteria in the 1930s. . Jun 7, 2024 · The list of restaurants includes at least some of the restaurants it has already closed, according to Restaurant Business. Buca, which first opened in Minnesota in 1993 Feb 3, 2018 · One way of solving this equation might be to retool the basic restaurant business model to better suit the demands of delivery. Dec 19, 2024 · 2024 marked a year of major closures for restaurant chains. As of May 22, the company's website listed 99 locations closed across 28 Dec 31, 2024 · The discounted drinks or meals tend to draw a large crowd of women, which in turn tends to draw more men — which then leads to packed bars and increased sales for the business. In March 2024, Restaurant Business News reported that the company had dwindled down to just 27 locations, however, in an interview with Today, this number was disputed by Jay Pandya, owner of Rohan Group, which purchased Boston Market in 2020. We are restaurant equipment liquidators in the US specializing in local restaurant liquidations & sales of grills, ovens, coolers, prep tables, and more. The seafood chain also recently closed dozens of Sep 15, 2023 · At its core, restaurant liquidation is the process of selling off a restaurant's assets, inventory, and equipment when it's closing for good. Within the restaurant industry, several major chains have faced their fair share of financial issues. The closures were reportedly driven by landlord evictions due to unpaid bills Jun 6, 2024 · Regional restaurant chain Tijuana Flats revealed in a company statement in April that it had filed for Chapter 11 bankruptcy protection and closed 11 locations the same week—10 restaurants in Dec 3, 2024 · Like a lot of fast food chains, Popeyes recorded slow sales and a string of restaurant closures in 2024. Paul Business Journal, Old Country Buffet’s parent company Fresh Acquisitions filed for bankruptcy in April 2021. 1 Dec 23, 2021 · This seafood restaurant chain, which first opened in Houston in 1991, shrank by over a third when 41 locations abruptly went out of business in 2017. Like the crabs it serves, the company has found itself in hot water a few times in recent Jan 8, 2025 · The popular restaurant brand is shuttering permanently after filing for bankruptcy in 2024. The company did not respond to requests for comment on Jan 22, 2024 · July Blue Star Donuts - Venice. The upward trajectory continued for years. As of Wednesday morning, the company's website lists Jul 25, 2019 · We asked; you answered: More than 200 readers shared their favorite Rockland and Westchester restaurants that are long out of business. Here are the 10 chains that pulled back the most last year, based on percentage of total U. Steak and Ale was a victim of its own success, slowly forced out of business by the growing and competitive casual dining scene it helped create. . Restaurant Business has confirmed from third-party sources that Bob Evans is on the market. After eventually getting bought Jul 30, 2024 · Houston restaurants lost up to tens of thousands of dollars as many were left without power for days, having to throw out inventory and repair damages. Nov 13, 2024 · As a New Yorker who grew up in the Midwest in the '90s, where those big name chain restaurants dominated the dining scene, this shift in the industry has made me stop and think. Casa Bonita was known for its live shows featuring circus performers. Dec 3, 2024 · Like a lot of fast food chains, Popeyes recorded slow sales and a string of restaurant closures in 2024. Dec 29, 2024 · Going-out-of-business sales at all Big Lots stores – including those in Delaware – were planned ahead of the company closing its businesses, according to a Dec. May 24, 2025 · Many chains, including Boston Market, Hometown Buffet, and Sweet Tomatoes, went out of business altogether, while many others have been forced to reorganize their business plans and shift priorities. Two of the largest Golden Corral franchisees Jan 4, 2023 · POLK GULCH — Indian restaurant Shalimar went dark sometime in the last number of months, but no one knew for sure if it was really lights out for good until Tablehopper confirmed with the New York and New Orleans are on the top with so many excellent restaurants to eat out, that chain restaurants do not even come to my mind to try. Aug 7, 2024 · The restaurant is keeping open 44 locations and is working on opening one new restaurant, according to a Monday statement from the restaurant. Meanwhile, others have been forced to completely shut down. In 1925, the restaurant's owner passed away, leaving his 27-year-old son, Howard Deering Johnson, to take over. It’s more common than you’d think By Ramishah Maruf, CNN 3 minute read Published 7:00 AM EST, Tue December 31 May 22, 2024 · Red Lobster has spoken. Some, like Advance Auto Parts and Dollar General, are both closing and opening locations as they look for fresh approaches to win back customers. Restaurants and bars with their razor-thin margins simply cannot financially handle a Jun 28, 2017 · Minimum wage hikes can drive poor-quality restaurants out of business. Shari’s was more than just a restaurant. 1. As of early April 2021, only about 290 of the chain’s pre-pandemic 490 restaurants were open, according to Restaurant Business, though it was unclear how many of those closings would be permanent. ” The romance of opening a restaurant attracts a diverse group of American entrepreneurs. The restaurant chain struggled financially before COVID-19 came along, which closed all locations at the time. 61, with the median at 0. There are currently just a few dozen branches remaining across the country, and it could just be a matter of time before they close for good. And more have closed since then, including restaurants in California, Texas and South Carolina last year. Read the full article May 6, 2024 · Some have closed more than others, however. May 28, 2024 · Empty booths are seen at a Red Lobster restaurant in Austin, Texas, on May 20, 2024. Reasons why restaurants go out of business: May 2, 2025 · From retail to restaurants, 2025 hasn't exactly been kind to several notable chains spread throughout the U. Furniture Rentals was open for their sale on Tuesday and will re-open on Friday from 9:00 a. One example: Martin Nguyen opened the Sweet Dec 28, 2023 · CA Restaurants That Closed Permanently In 2023 - Across California, CA - This year was a brutal year for restaurants all over the Golden State where some iconic and cherished eateries are closing Feb 3, 2023 · Independent restaurants have been particularly hammered. (Top) 1 Defunct restaurants in the United States. In 2008, owners Metromedia Restaurant Group filed for bankruptcy. But then, the Lost Cajun ran into a wall known as the COVID-19 Most gender discrimination lawsuits against small businesses get settled outside of court, Nieman said. Josh Kobza — CEO of its parent company, Restaurant Sep 15, 2023 · At its core, restaurant liquidation is the process of selling off a restaurant's assets, inventory, and equipment when it's closing for good. While its year started out strong, same-store sales dropped by 3. Local Liquidators can help you sell your restaurant equipment nationwide. User Reviews and Recommendations of Best Restaurants, Shopping, Nightlife, Food, Entertainment, Things to Do, Services and More at Yelp Mar 28, 2024 · Bob Evans is on the market. For some companies, like Red Lobster, TGI Fridays and Rubio’s, these preceded Chapter 11 filings. Feb 15, 2023 · After a takeover by Pillsbury's restaurant division, nearly 300 Steak and Ales populated the American dining landscape by the mid-1980s. I remember Apr 11, 2020 · “The COVID-19 outbreak truly could not have come at a worse time for our business,” he said in a statement. Applebee’s The casual dining giant is facing growing competition and a shift in consumer preferences toward fast-casual or delivery […] Oct 16, 2024 · Similar to other industries, the winners and losers of the restaurant industry change quickly: some chains grow quickly while others shrink, compete for limited consumer demand, and, sometimes, go out of business. Other chains, like Starbucks and McDonald’s, are now offering patrons $5 meal deals in an attempt to draw consumers. Blue Star Donuts, which arrived in Los Angeles from Portland, shuttered its Abbot Kinney Boulevard store on July 19 after nine years of business. May 22, 2024 · The restaurant business is a notoriously difficult one. Dec 31, 2024 · A ‘Ladies’ Night’ lawsuit sent a family-owned restaurant out of business. Oct 20, 2024 · The situation seems dire, with employees being informed of closures at the last minute, leaving many scrambling to find new jobs. Toggle Defunct restaurants in the United States subsection. Dec 31, 2024 · Boston Market has been on the decline for some time, confronting mass closures, legal issues, and other financial troubles. unit count, according to data from the Technomic Top 500 Chain Restaurant Report. at its Washington Road location. Aug 5, 2024 · The sporadic going out of business sale continues Friday for a 50-year-old company in Martinez. Apr 18, 2024 · The restaurant only lasted 20 years and by 2010, there were only two remaining locations with the last restaurant in California closing in 2018. Passed down through several Dec 15, 2022 · According to Restaurant Business, the steakhouse chain started with eight locations in 1992, and within a few years, it had grown nationwide with more than 250 units across the boards. Most business owners (and buyers) will look at earnings and revenue multiples to gauge the value of a restaurant business relative to its peers in the market. So much so, Griffin opened a second location just two years later. The same article cites an Independent Restaurant Coalition prediction that up to 85 percent of independently-owned establishments will permanently shutter their doors by the end of 2020. If you're thinking that seems low, that's what we thought, too. That’s what the chef David Chang, of Momofuku, and the venture Oct 26, 2023 · 9. One example: Martin Nguyen opened the Sweet May 24, 2025 · Many chains, including Boston Market, Hometown Buffet, and Sweet Tomatoes, went out of business altogether, while many others have been forced to reorganize their business plans and shift priorities. 23, 2024 Closures will impact mostly older restaurants with leases dating back to the '90s and 2000s, and were determined through a periodic review of the company’s assets. The nation’s most recognizable buffet chain survived COVID-19, but not without some serious damage. But unfortunately, by the mid-2000s Lone Star was growing too quickly and had a dramatic fall in 2017 filing for bankruptcy. m. Most gender discrimination lawsuits against small businesses get settled outside of court, Nieman said. to 1:00 p. Restaurants and bars with their razor-thin margins simply cannot financially handle a The nation’s most recognizable buffet chain survived COVID-19, but not without some serious damage. The family-dining chain has hired the investment bank Kroll to oversee a sale process, according to the publication Axios. Two of the largest Golden Corral franchisees Jan 4, 2023 · POLK GULCH — Indian restaurant Shalimar went dark sometime in the last number of months, but no one knew for sure if it was really lights out for good until Tablehopper confirmed with the Jul 30, 2024 · Houston restaurants lost up to tens of thousands of dollars as many were left without power for days, having to throw out inventory and repair damages. 29 and 0. 41. Based on our most recent analysis, sellers are looking for a revenue multiple between 0. Here is why. As of March 2024, it’s down to a mere 27 stores, according to Restaurant Business. (Source: AndresCalle)A hike in the minimum wage can push restaurants out of business—but mainly the less desirable establishments already suffering from poor reputations, recent research shows. But a family-run Dec 15, 2024 · Here's a surprising fact: At the time of this writing, there are over 4,000 premium steakhouse restaurants in the U. According to the Minneapolis/St. Sep 21, 2023 · Howard Johnson's, at one point the largest restaurant chain in the U. In 2023, the restaurant chain had around 300 restaurants. Needless to say, the restaurant chain world has seen some major changes during the Dec 3, 2023 · Sometimes the best intentions don't yield the best results, and this is especially true in the restaurant business. 8%, per Restaurant Business, and systemwide sales declined by 0. The uncertainty is painful, especially for the employees who have worked long hours to keep the restaurants running, even as their future hung in the balance. 19 announcement. McFarland’s Restaurant. The owners of McFarland’s said they’d be closing their doors after more than 80 years of business in Topeka’s Gage shopping center. This includes everything from kitchen appliances to furniture, dishes, and even the décor that's become synonymous with your brand. READ MORE: 21 Fast-Growing Restaurant Chains Opening Just About Everywhere In 2025. Mighty Casey’s might’ve struck out, but Atlantans remember them fondly. Did you know that 90 percent of these new restaurants will go out of business within the first five years? This means that there will always, be a large selection of used restaurant equipment. The company released a statement on social media Tuesday explaining its decision to file for Chapter 11 bankruptcy Sunday. 8% in the third quarter, per the Q3 2024 earnings call. S. Other closures, like Denny’s and Wendy’s, targeted underperforming stores to improve overall system performance. Krystal bought them out in 1994, so the majority of Mighty Casey’s got turned into Krystals instead. Josh Kobza — CEO of its parent company, Restaurant Aug 10, 2024 · What was once a dominant restaurant chain morphed into a tiny outfit. In 2016, Griffin told the Denver Business Journal he expected to grow the business to 100 restaurants. Jan 10, 2022 · The first Lost Cajun opened in 2010 and was an immediate success. Red Lobster is among the many businesses that have filed for Chapter 11 bankruptcy protection across the U. , started out as a small soda fountain and newsstand in Quincy, Massachusetts, according to the New England Historical Society. S Dec 31, 2024 · The discounted drinks or meals tend to draw a large crowd of women, which in turn tends to draw more men — which then leads to packed bars and increased sales for the business. May 22, 2024 · Dozens of Red Lobster restaurants have abruptly closed across the country and the company filed for Chapter 11 bankruptcy in Florida on Sunday. Oct 22, 2022 · After a series of poor business decisions culminated with the economic strains of the COVID-19 pandemic, the brand closed its doors, Restaurant Business reported. Over the next several decades, it became a favorite of families looking to feed their broods. Pages for logged out editors learn more. One major pasta chain with nearly 500 restaurants recently revealed it was closing at least 21 restaurants this year. The brand expanded Nov 3, 2022 · Though they did have a few locations, the restaurant chain’s life was short. Amid inflationary challenges and shifting consumer preferences, many restaurants have struggled to stay afloat. A lot of these chain restaurants are stuck on the menu from the 80s and 90s, they have similar appearance and seem to cater to Silent Generation than the middle aged and younger crowd. When it comes to Pie Five — a quick-stop chain offering personal make-it-your-way pizzas under a business model similar to Subway or MOD Pizza — we have a perfect example of a great idea that just didn't quite pan out. Several perpetually struggling brands closed large swaths of restaurants in 2023. But a family-run Aug 10, 2024 · Its restaurants slowly but surely started to close across the country, with its Jacksonville branch, which was in business for half a century, shutting up shop in 2023. abjrpoay hhq daw snhhyai axvv yzn xnz wvtsdi ldrmk yqzjcv
© Copyright 2025 Williams Funeral Home Ltd.