Good Lifestyle

In this current climate, national catering chains areBankruptcy deposit More often than ever before, as the financial burden of the pandemic has imposed on independent companies and even corporate giants is irreparable. While many beloved chains have already deposited forChapter 11 Bankruptcy, a beloved steakhouse such thatSizzler USA to a renowned bakery likeKayser House, others seem to suspend by a thread. (To find out which restaurants are struggling closest to you, discover9 restaurant chains that have closed hundreds of locations this summer)

Two establishments of this type currently fighting for survival areRave Restaurant The quick pizza group of pizza, five pieces and the pizza buffette, pizza Inn.According to the most recent financial deposit of the parent company, the pandemic has "radically reduced overall retail sales at the buffet aggregate store and the five units" and despite an increase inTakeaway and delivery salesIt is not enough to keep the two stable brands.

As a result, Rave Restaurant Group had to cut basic salaries of 20% and even leave of several of its employees. The parent company has already closed 16 pieces of five pieces and four pizza Inn this year. This is not the first year TECK-five, which serves craft pies, calzones and salads, had to close places due to bad performance. Between 2017 and 2018, the closed chain27 locations across the United States. Currently, Pizza Five only operates in 13 states. (In touch:These 5 classic American catering chains are close to disappearing)

Overall, total sales of Trg-CIF fell by more than 37% this year, with sales of the same store by declining nearly 16% during the year. Total pizza Inn sales were not as severe as the five pieces have also dropped, but only slightly 13.7%. Magnetic sales for the buffet style pizza chain also dropped only 8.8% this year.

The future of the Five Pie and its brand Sister Pizza Inn looks dark on the basis of the last financial report of Rave, however, the parent company has not yet federated in Chapter 11.

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