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The chain saw its sales begin to decline in 2017, filed for Chapter 11 bankruptcy in 2020, and has been closing restaurants ever since, Restaurant Business Magazine reported. Rubio's is now down ...
Chain of Closure. As of 2023, there are 200,859 fast-food restaurant businesses in the U.S. — a staggering number to compete with. However, financial upheaval in 2020 and 2021, along with the ...
RELATED: 11 Restaurant Chains That Are Struggling in 2024 The list included at least some of the restaurants that closed their doors last month, indicating that the list's remaining 100+ locations ...
On December 1, 2016, Logan's Roadhouse formally exited bankruptcy with a debt load reduced from about $400 million to $100 million. [12] On November 1, 2018, Logan's Roadhouse announced that it was acquired by CraftWorks Restaurants & Breweries. [13] On March 3, 2020, Craftworks filed for Chapter 11 Bankruptcy protection. [14]
The closures continued, including another large-scale restaurant closing in September 2015 that saw another 19 units close, bringing the chain down to 112 locations. [ 13 ] In December 2015, Lone Star Steakhouse and Texas Land & Cattle restaurant chains were acquired by the newly formed Day Star Restaurant Group, at which point there were 78 ...
CB Restaurants Inc. took over 20 Charlie Brown's restaurants, including 17 locations in New Jersey and The Office Beer Bar & Grill chain was sold to Villa Restaurant Group for $4.7 million. [ 1 ] [ 4 ] Multiple locations closed as a result of the COVID-19 pandemic and one of its final restaurants is located in Scotch Plains, New Jersey . [ 5 ]
However, the coffee shop chain planned to open 300 more stores than it was planning to close, and 40 to 50 of them would offer only curbside pickup or drive-through. In Q3 2021, Starbucks posted a ...
The chain was founded in 1958 as Sizzler Family Steak House by Del and Helen Johnson in Culver City, California. [3] At its peak, the chain was composed of more than 270 locations throughout the U.S. [4] Most of Sizzler's U.S. locations are in the West.