This popular buffette channel closed nearly half of its locations
The permanent closures mounted as the most important franchises of the chain declare a blindness.
Golden coralOne of the most loved buffets of all buffets in the country, closed nearly half of its restaurants in the last year, with the number of permanent closures mounted as some of its largest franchise reports bankruptcy. The pandemic has been particularly difficult for the chain that tried to alternately pivot the means to operate outside the on-site self-server model.
According to a representative of the brand, Golden Corral currently operates 305 restaurants, down 490, it worked before 2020. CEO launches Trenary noted that40 of these places are now set up like cafeteriaswhere the waiters replaced self-service stations. (RELATED:7 new fast food chicken sandwiches Everyone talks about.)
While the brand saidEat this, not that! It is renovated more and more locations every week, it seems that many of the reported closures can be permanent for the chain of nearly 50 years. Platinum Corral, the second largest franchisee of Golden Corral which operates shops in North Carolina and Virginia, recently declared bankruptcy, revealing that he has definitely closed 16 of his 28 restaurants and seeks protection against creditors. This is the second franchise of this size to declare bankruptcy during the pandemic.
In October, the largest operator of the chain with 33 restaurants across Florida and Georgia,declared bankruptcy and reported a debt of $ 49.7 million After closing all their places in March. At the time of filing the deposit, only 6 of these restaurants had been reopened, but Golden Corral told us that the number is now 21 years old and similar efforts are deployed to refrain and reopen some of the locations closed in North Carolina and in North Carolina. Virginia.
The buffet style channels were particularly vulnerable to the fall of pandemic forged, because most states prohibited early self-service operations to try to stop the propagation of coronavirus. For more, discoverThese 6 classic American restaurant chains are nearby to disappearAnd do not forget toSubscribe to our newsletterTo get the latest news from the restaurant delivered directly to your inbox.
Note from the publisher: This item has been updated with Golden Corral's comments.
