Chain restaurants across the U.S. have been facing major hardships brought on by the pandemic, and many including Pizza Hut, McDonald's and IHOP have been forced to permanently … Here are 20 restaurant chains that are closing stores before 2020. Many of the chain restaurants on this list started out the decade in a good position, with high dine-in traffic and healthy sales. Though many chains are only shuttering certain locations, some have closed for good. India to lift lengthy internet clampdown in Kashmir: official. When COVID hit the U.S. in March, Cici's temporarily closed 203 of its restaurants, permanently closed 61, laid off 39 corporate employees, and cut executive pay by … Chain Restaurants closures. For the latest on COVID-19, readers are encouraged to use online resources from CDC, WHO, and local public health departments. The chain has already significantly downsized this year, going from 470 locations at the beginning of 2020 to “between 270 and 300,” according to Hashim. In fact, only four national chains posted a profit in the first quarter of 2020, which ended on March 31. While chains like Mod Pizza and Five Guys saw their chain empires flourish in 2019, other chain restaurants haven't been so lucky.For every Shake Shack out there, there's a Friendly's or Red Robin trying to keep the lights on. In early July, NPC International, Pizza Hut's biggest franchisee that accounts for 20% of all the locations in the U.S., filed for bankruptcy, Restaurant Business Online reported. December 1, 2020 9:18 am. Joel Page/Portland Portland Press Herald via Getty. YC's Mongolian Grill, an Arizona-based chain of make-it-yourself stir-fry restaurant, permanently closed three of its five restaurants in Arizona amid the ongoing COVID-19 pandemic. Get push notifications with news, features and more. In fact, nearly 110,000 restaurants in America shut down for good due to COVID-19. | The #1 Worst Menu Option at 76 Popular Restaurants. Stores closing in 2020: 21. Lord & Taylor is a relic that has been around since 1826. Canyon Creek is a sibling brand to Jack Astor's and Scaddabush run by SIR Corp. The parent company of regional salad bar and soup chain Souplantation and Sweet Tomatoes has announced that it is permanently closing all 97 locations citing the coronavirus pandemic and the increasing difficulty for running buffet-centric restaurants. These closed Denny's locations were all operated by one franchisee: Feast American Diners. 20. Garden Fresh was a self-service chain known for its 50-foot … Yauatacha, a Michelin-starred dim sum restaurant that operates just seven locations around the world, is set to close its only American location, in Houston, in February. Garden Fresh Restaurants, the company behind buffet chains Souplantation and Sweet Tomatoes, announced that it would be permanently closing all 97 of its restaurant locations in early May. Connect with friends faster than ever with the new Facebook app. The news for restaurants across America was bad enough when Yelp released an economic impact report in late June revealing that, as of June 15, more than 57,000 restaurants … Credit: It's not just independently owned and local eateries that have been financially crushed by the coronavirus; national chains have been hit hard as well. Closing her down now feels like losing a loved one. If you would like to opt out of browser push notifications, please refer to the following instructions specific to your device and browser: Pizza Hut, McDonald's and More Chains Permanently Close Hundreds of Locations amid Pandemic. Nishi, located in the Chelsea neighborhood of Manhattan, first opened in 2016 as a Korean-Italian eatery, but as soon as 2017 tried to streamline and revamped its menu as primarily Italian. The Restaurant Group put the Chiquitos chain into administration at the end of March. The Best & Worst Menu Items at TGI Friday's. While generally more resilient to the ravages of 2020, many major restaurant chains were also hit hard. Gold Coast: Family-owned Mexican mini-chain Blue Agave Tequila Bar & Restaurant is permanently closed after nearly 30 years on State Street, ownership writes … The only true Toronto location of a steakhouse chain has announced it's permanently closing this week. Chiquito, Food and Fuel, Frankie and Benny's and Wagamamas The Restaurant Group put the Chiquitos chain into administration at the end of March. The chain will likely close all 98 of its stores. “Nonetheless, I believe that Q2 represents the trough in our performance as McDonald’s has learned to adjust our operations to this new environment.”. RELATED VIDEO: How a Canceled Event Inspired This Food Caterer to Give Back to Frontline Workers. The exact locations that will be closing have not been disclosed yet, but NPC did state that employees of shuttering locations will be moved to better-performing Pizza Huts. The coronavirus pandemic has affected many businesses causing them to file for bankruptcy or simply close their restaurants permanently. Latest COVID-19 updates. Since the beginning of the year, the corporate restaurant chain has quietly closed nearly 150 locations. The survey of 4,000 restaurant owners and operators provides a stark picture of the devastation facing the industry as dine-in service is closed to customers: A huge number of them do not expect to make it through to the other side of the shutdown. 1,000+ troops to help vaccine distribution; at-home test surge coming; Johnson & Johnson applies for authorization. So, it should be no surprise that a number of dining chains have shuttered outposts, but it is no less tragic. You'll get the latest updates on this topic in your browser notifications. Some of the information in this story may have changed after publication. The Best & Worst Menu Items at Ruby Tuesday. Last week, Le Pain Quotidien filed for Chapter 11 bankruptcy protection. Garden Fresh Restaurants, the company behind popular buffet chains Souplantation and Sweet Tomatoes, is permanently closing all restaurant locations amid the ongoing coronavirus pandemic.. Garden Fresh said it has been losing about $1 million per week since shuttering its 97 locations in March due to the global health crisis. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. https://moneywise.com/a/these-restaurant-chains-are-closing-2020 Pizza Hut, Denny’s, TGI Fridays and McDonald's are among the restaurant chains permanently shuttering locations. Colman Andrews. CFRA Holdings, an IHOP franchisee that runs 49 restaurants across Virginia, North Carolina, South Carolina, and Tennessee, filed for bankruptcy on May 6. In May, Potbelly restaurant chain announced that it planned to permanently close up to 100 locations, roughly one-quarter of its total company-owned restaurants. Aziz Hashim, the founder and managing partner of Ruby Tuesday owner NRD Capital, told Restaurant Business the pandemic will likely spur the closure of many more restaurants. Find out what your cat is trying to tell you with a new cat app, Princess Diana died when Harry was just 12 years old, Engineer Creates App To Translate Your Cat, The Sweetest Photos of Princes Harry with Diana, Sean Connery's Cause of Death Revealed Weeks After He Dies at Age 90. 6 restaurants going bankrupt because of COVID-19. Click here for the 50 most popular restaurants that won’t reopen after the pandemic 24/7 Tempo has been tracking permanent pandemic-related restaurant closures across the … Nearly 16,000 restaurants have closed permanently due to the pandemic, Yelp data shows There have been 26,160 total restaurant closures. Coyote Ugly Turns 20: Where Is the Cast Now? PEOPLE has partnered with GoFundMe to raise money for the COVID-19 Relief Fund, a GoFundMe.org fundraiser to support everything from frontline responders to families in need, as well as organizations helping communities. CFRA Holdings, a franchisee operating 49 IHOP locations, filed for bankruptcy in early May and cited the coronavirus as the primary reason, according to FSR Magazine. The 97-unit Southern California brand, parent of Souplantation and Sweet Tomatoes, opted for a Chapter 7 filing, meaning it will surrender its assets and close permanently. The beloved Italian restaurant chain is all but disappearing completely, with 71 of its 92 locations closing permanently in April. Parent company FoodFirst Global Restaurants subsequently filed for Chapter 11 bankruptcy and hinted the closures of the remaining 21 locations may be coming in the near future. Best & Worst Refinance Mortgage Companies of 2021, 19 Great Ways To Supplement Social Security Every Month That Many Didn't Know, Expert: “This credit card is so good I signed up personally”, only four national chains posted a profit. Restaurant Business magazine reported that the company had already been struggling with declining sales and closed 10 locations in January 2020. The company is also experimenting with outdoor tent seating following social distance regulations. Steak 'n Shake began closing stores a few years ago. Chain restaurants across the U.S. have been facing major hardships brought on … "The final tally as to the permanent number of closures is to be determined for us,” Hashim said. The All American Burger – a regional American fast-food restaurant chain founded in 1968 in Los Angeles, California, by Aaron Binder and made famous in the movie Fast Times at Ridgemont High Last location was in Hollywood and was replaced by a Chipotle in 2010.; Bajio Mexican Grill – a Mexican food chain that was acquired by Costa Vida in 2011 Here is a list of 9 major chain restaurants that decided to permanently close locations: DGI Friday: 20% of 386 locations or 77 restaurants closing. Locations of the Indianapolis-based Steak ‘n Shake and of TGI Fridays have also closed down permanently due in part to the pandemic. Chain Restaurants Are Seeing ... which reported that nine major chains have closed 600 of their locations permanently. The coronavirus pandemic has prompted various businesses to close their doors, some permanently. 50 Most Popular Restaurants That Have Closed Permanently Due to the Pandemic. The company just announced that up to 300 Pizza Hut locations will be closing, while their remaining 927 locations they franchise will be sold. Introducing ... PEOPLE's Products Worth the Hype, Souplantation Announces It Is Closing All of Its Restaurants Permanently in the Wake of Coronavirus. The bar and nightlife industry, which is six times smaller than the restaurant industry, tallied 5,454 total business closures -- 2,429 of which are permanent -- … this link is to an external site that may or may not meet accessibility guidelines. A lot more could join them soon: 11% of operators told the trade group that they could permanently close within the next 30 days. Don & Melinda Crawford/Education Images/Universal Images Group via Getty. Le Pain Quotidien, a fast-casual bakery chain, announced it would close all 98 of its U.S. locations after filing for Chapter 11 bankruptcy protection in May, though at least 35 stores will potentially be reopened at a future date following a partial buyout by Aurify Brands. With business being dramatically cut overnight and the lack of rent forgiveness when it comes to landlord and rent, some of our restaurants will not recover," a spokesperson for TGI Fridays told Today, noting that 10-20% of locations may permanently close in the future. 4 Tens of thousands of small businesses have closed permanently during the pandemic, with restaurants representing a majority of them. Not even the biggest restaurant chains can survive forever. Since the end of 2018, it had permanently closed more than 70 locations. "Due to COVID-19, there have been a lot of changes throughout the restaurant industry. More than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic. The stay-at-home and quarantine guidelines designed to abate the coronavirus outbreak have hit most industries very hard. They’re convenient and familiar, which is … These 20 popular chains are closing the most restaurants in 2019. Some national chains, both retail and restaurants, are closing outlets in New York City, which are struggling more than their branches elsewhere. According to an update from franchisor Dine Brands Global on the impact of the COVID-19 pandemic, roughly 340 IHOP restaurant units have closed since Dec. 31, 2019. (Related: Check out The Best & Worst Menu Items at Ruby Tuesday.). The parent company of Brio and Bravo restaurants filed for Chapter 11 bankruptcy in April and permanently shuttered 48 out of nearly 100 locations. The closings come as McDonald’s reported its lowest quarterly profits in 13 years, according to the Financial Times. The Best & Worst Menu Items at Steak 'n Shake. “Some of it depends on how quickly sales come back.”. It then hired a restructuring consultant and bankruptcy attorney to help sort out the mess. These chains are permanently closing the most restaurants Chain restaurants can be comforting, like old friends. While mom and pops have borne the brunt of the virus, many chains have felt the effects as well, with entire systems being wiped out in some cases.. Souplantation, the buffet-style restaurant chain founded and headquartered in San Diego, is permanently closing due to the coronavirus pandemic. Click through the slide show above for a list of some of the biggest restaurant chains that are forever closing a number of locations. (Related: Check out The Best & Worst Menu Items at TGI Friday's. As information about the coronavirus pandemic rapidly changes, PEOPLE is committed to providing the most recent data in our coverage. The chain’s net income fell by 68% to $483.8 million, RELATED: McDonald’s Permanently Closing 200 U.S. All employees working at the closing locations were paid and laid off prior to the bankruptcy filing. Restaurant Chains That Are Closing Locations In 2020. Garden Fresh Restaurants, the company behind popular buffet chains Souplantation and Sweet Tomatoes, is permanently closing all restaurant … For more information or to donate, click here. Permanent closure was announced for restaurants in Hemet and Downey, but liquidation auctions were held at seven other sites, including Loma Linda, with … RELATED: Souplantation Announces It Is Closing All of Its Restaurants Permanently in the Wake of Coronavirus. (Related: Check out The Best and Worst Menu Items at IHOP. The coronavirus pandemic has prompted various businesses to close their doors, some permanently. Even now that eat-in options are permitted in some areas, most restaurants are forced to abide by 50% capacity restrictions, making profits even harder, if not impossible to attain. The 16 chains listed here account for roughly 500 permanent restaurant closures across the U.S. From the onset of the COVID-19 pandemic, it was clear that the restaurant industry would be one of the most affected sectors. The parent company of Italian bistros Brio and Bravo filed for bankruptcy in April, announcing it would close 71 of its 92 restaurant locations. Trade groups estimate that up to 30% of restaurants could permanently close because of the pandemic. When you make your goodbye visit, be sure to use a credit card that rewards extra cash back for dining out . These Are the Top 10 Chicken Chains … The company has over 1,800 locations. Locations Due to Pandemic, “In many markets around the world, most of notably in the U.S., the public health situation appears to be worsening,” Chris Kempczinski, McDonald's CEO told CNBC. In May 2020, an IHOP franchisee filed for bankruptcy, permanently closing 49 restaurants in Tennessee, Virginia, North Carolina and South Carolina. The chain has been withering and closed its New York City flagship store in January 2019. It’s not just massive fast-food chains that are closing locations this year. A Denny’s franchisee, Feast American Diners, closed 15 locations of the popular breakfast chain. The coronavirus pandemic has led to the closure of tens of thousands of restaurants across the country, and many of them will never reopen. For more, check out the 6 restaurants going bankrupt because of COVID-19 and what you can do to help. Press Herald via Getty some of the Popular breakfast chain recently announced it would close... 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