7 popular restaurants that may not survive the pandemic coronavirus

These chains risk a permanent closure due to serious financial losses.


The unfortunate reality of thispandemic Many restaurants, particularly independent and local, may have to close permanently. Even popular catering chains face the risk of closure, at least hundreds of locations, as oneLittle remain profitable during this time.

Nothing is for me still sure, but we noticed that there are discussions around a handful ofPopular restaurant chains It may not be able to survive the coronavirus pandemic, largely because of the financial struggles they lived just before the success of the pandemic.

Here are only seven restaurant chains that are taking a massive financial stroke of the coronavirus pandemic.

1

Dave & Buster's

Dave busters
Refuge

According toThe Imbecile, Dave & Buster's is at a particularly high risk of dealing with a permanent closure because, unlike a traditional restaurant, the chain is not equipped for delivery and take away. The company also offers the majority of its income from the games that are inside the restaurant. With all 137 sites currently closed and, depending on when this pandemic is raised, Dave & Buster can engage in the near future.

2

Tuesday Ruby

ruby tuesdays storefront
Refuge

Ruby Tuesday could be at high risk of going under the pandemic, especially because the chain, like theImbecile Stresses, "has already had a weak position in a competitive industry." Although the company always offers a delivery and take-out during this period, it is mainly based on sales of dinner and alcohol services. In addition, Ruby Tuesday tried to recover from a financial blow in 2017 when purchasing by aPrivate equity group For $ 146 million after poor performance in the public market. Between 2018 and 2019, the channel had to close nearly 80 locations.

3

Steak 'n shakes

steak-n-shake storefront
Refuge

Even during difficult financial times, the steak 'n shake wasfree fries with each drive command. However, the chain has evil since last year, when its loss of operation increased to$ 18.6 million Starting from $ 10.7 million the previous year. As of December 31, 2019, Steak 'N Shake had temporarily closed 107 locations. Now, for a period when all hands are needed on the bridge, the chain is an even greater disadvantage of survival with a considerable number of clogged locations.

4

Red robin

outside of a red robin restaurant
Refuge

The house of several gargantues burgers and steaks are likely to suffer, largely because it was in financial problems well before the success of the pandemic.Investment Said: "Red Robin Gourmet Burgers, Inc. (RRGB) lost the wars of hamburger for years before the global crisis this year." For example, in the fourth quarter of 2019, traffic had decreased by 3.4%. In addition, Robin Robin's revenues, net income and sales have all taken a dive over the last two years. Recovery will probably be very difficult for the post-pandemic chain.

5

El Pollo Loco

el pollo loco
Refuge

Thefast food chain It works outside the Arizona, California, Nevada, Texas and Utah currently struggling, largely because California was the first of these states to enforce a mandatory closure, and C ' This is where most locations are located. Recently, the chain stock has plunged at $ 6.15 per share, however, they seemed to have made the recovery since with the currently sitting around$ 10.00 per share.

6

Applebee

applebees
Refuge

Internal business communityReported that sit-down casual restore chains are at the risk of not recovering from the pandemic, as analysts and industry experts predict that they will see sales in the coming months. Applebee's is among this group that could have trouble bouncing after the shelter prescription instead, because many people are probably not comfortable there, at least initially.

7

TGI Friday's

tgi fridays storefront
Refuge

TGI Friday's is also one of these relaxed casual assistance channels that will inevitably live a massive decline in sales in the coming months. However, the company offers a Curbside border pickup for wine and beer. Nevertheless, once it is safe for restaurants to re-open, the TGI bar Friday is probably not as alive as possible because guests can be hesitant to surround themselves around people.


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