Good Lifestyle

Foot traffic and sales are slowly returning to pre-pandemic levels in many country restaurants, but the recovery does not take place quite quickly to save all companies in difficulty.

Restaurant channels continued to deposit bankruptcies and closure of shops in hundreds of places this year, leaving their uncertain future. The most difficult success seems to be brands that rely on urban customers as well asbuffet concepts who saw a major slowdown during the pandemic. For others, the pandemic was the last straw added to an existing long-term instability.

Here are the channels that can be close to disappear this year. For more, discover10 beloved catering chains that have closed hundreds of locations in 2020.

Rave Reservaire Group, spearhead company pizza pizza pizza and Pie Five, may have completed its last fiscal quarter on a profitable note, but the company is still in trouble with a major decrease in sales and loss of locations compared to the pre-pandemic. times.

According toRestaurant BusinessPizza Inn had 155 units and five 58 units in 2019. But the two channels gradually devoted restaurants. In its most recent compensation report, the company stated that brands currently operate 137 and 35 sites respectively.

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The buffet chain with an inheritance that extends over more than seven decades isget out of business. Its parent entity Luby's Inc. announced last year that he sought to sell all assets and to liquidate the company because of the devastating effect of the pandemic. Time pulls to enjoy these dishes of Luann Favorite one last time all the locations of the cafeteria will turn off in August.

Although the Doomed Luby's Inc. also possessed, the Burger channel will lose places butlive through franchisees. Luby's sells restaurants from Fuddruckers belonging to the company and said only 11 pitches on April 26th. In the meantime, some 83 units of franchised Fuddruckers are still operational and can be found on 25 states mainly in the South and the Midwest.

The fall of the promising Fast-Casual brand began with the exodus of urban area office workers during the pandemic. The chain, which addresses these types of dinners-loueurs, isclose one third of its locations which will bring its footprint to 28 restaurants. Of the 14 clogged locations, six are located in the Chicago area where the company has its seat.

The complete service seafood chain The lost Cajun was filed for bankruptcy last month, while its franchisees would have struggles and business. The chain currently has 25 restaurants but more closures are imminent, according to theBankruptcy deposit. However, nine locations of the loss of Cajun are currently open in Colorado and that the company notes part of its return work.

The destiny of the burger chain with 13 places in the Chicago area is uncertain, because its parent company creates trades throughBankruptcy. Like most hospitality companies, the chain had a difficult period during the Pandemic of Covid-19, with its sales of 18% between 2019 and 2020. But its lender LQD Financial Corp. Alleges that the fall of the brand is also due to mismanagement and called bankruptcy depositing a "cascade" of power development employed by the former Crave Manager Steve Karfaridis.

Ryan's country, hometown and Fire Mountain, four buffet chains belonging to new LLC acquisitions, will probably not survive theirBankruptcy of the parent company. The deposit, which took place last month, said the company plans to preserve two of its brands - Tahoe Joe's and Furr, while others are likely to close the shop for good.

In 2018, at the height of its success, the Fast-Casual Burgerim Burger Chain had some 280 locations and provides hundreds of people who were to materialize through 1,200 new franchised agreements. However, the company has since been called "One of the biggest franchizing disasters of recent memory" and his fall was as fast as his surveillance.

Thanks to the dubious means of the company, the chain is now reduced to 125 sites and has been ordered by the state of California to pay $ 4 million in fines and to reimburse more than $ 57 million in franchise fees for violation. state regulation.

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