can't believe sal's is gone this place is an institution it's the best pizza in the
neighborhood from small local diners to corporate chains to beloved fast food joints few restaurants
were spared from the effects of the last couple of years so let's check in on 10 beloved restaurants
we might sadly lose in 2022. high five at pi5 everyone creates their own pizza there's no
sharing despite the growth and popularity of carryout during the last couple of years pie
five may not be able to make it through the year pi5 isn't your typical pizza carryout and delivery
restaurant instead it focuses on fast casual dining with customers picking their toppings
at a counter in the chipotle manner and watching their pies being loaded with ingredients and baked
pie five also has a sister restaurant that is struggling as well pizza in and both have been
in financial trouble for some years delivery companies like domino's and papa john's witness
significant revenue boosts during the past years despite early promise the pi 5 model has
been dogged by issues for years a pattern that has continued to last in 2015 the brand opened
restaurants in a number of additional states surpassing 100 locations but now just 31 stores
remain operating as of december 2021. we're broke the causes behind pi5's failures were not all
related to recent events either instead a number of factors ranging from bad marketing to fierce
competition are likely to have played a role while a few shops are still open it might not be long
until those looking for fast casual pizza have to turn to chains like rapid fired pizza in pizza
without mushrooms white pizza steak pizza inn was established in dallas in 1958 and is largely found
in the southern portion of the united states pan pizzas as well as garlic bread spaghetti
and stromboli are all on the menu the loss of foot traffic over the last years hit pizza in
quite severely as it did most establishments while other pizza restaurants may have prospered as more
customers choose to have meals delivered to their houses this chain's financial issues intensified
in 2020 and remained into 2021. the greatest impact was seen at pizza inn's buffet outlets even
before 2020 the company was having issues rave restaurant group inc the firm behind the brand
suffered an 18 reduction in revenue in 2019. how are we losing money the business had 155 pizza
inns in the united states at the time as well as 48 overseas locations mostly in the middle east
pizza in fans may have to search elsewhere for their alfredo cheese pizzas if the trend continues
just like pie five pizza inn has been struggling for quite some time and 2022 may be the final nail
in the coffin for this american pizza chain the lost cajun i love cajun cooking since 2010 the
lost cajun has been serving southern specialties including fried catfish po boys gumbo red beans
and rice and more the business was founded in frisco colorado despite serving new orleans
inspired cuisine raymond griffin a louisiana native who migrated to the region at the request
of his terminally sick wife founded the franchise the chain has evolved from a single location with
only four menu items to 24 sites in six states despite its early success the business was forced
to apply for chapter 11 bankruptcy protection in april 2021. bankruptcy the cause is a decline in
overall sales for reasons we're all aware of by now raymond griffin the lost cajun's founder and
proprietor remained upbeat however and doesn't think the chain is done for just yet it might
not be the case though if the problems created by loss of sales and employee shortages continue
burger king really burger king burger king was founded in 1953 but it wasn't known as bk at the
time the franchise's name was insta-burger after some financial issues two miami-based franchisees
bought the existing location and renamed the chain burger king the main menu item at burger king
is their famous burger known as the whopper the whopper was once the biggest seller of the fast
food burgers but is now regularly outsold by mcdonald's and other fast food giants and is
slowly being demoted in the market you can't sell hamburgers here this is a burger king this has
caused a drop in sales and a loss of market share which hasn't been good for the famous fast food
chain now we're not saying that bk will completely vanish i mean after almost 70 years in business
burger king may be too big to fail but that might depend on where you live burger king announced it
was closing up to 250 stores in 2019 which began quickly and continued for many years forward
burger king officials indicated the business aims to shutter 200 to 250 low-volume stores every year
over the next few years boston market you all laughed when i suggested boston market if you're
like most people it's been a long time since you visited a boston market the brand of fast service
comfort food eateries is loved for saving you from the constraints of preparing nightly family meals
since its peak in the early 1990s when it had over 1100 outlets dispersed among micro malls
and shopping centers across the country business has dropped by over 60 percent boston market was
pegged to follow in the footsteps of chipotle and panera bread as the next big small chain success
story that ideal would shatter into a million pieces in less than a decade leaving the business
insolvent shutting stores and scrambling to put it all back together what happened and what caused
this once powerful chain to file for bankruptcy after a successful ipo in the early 1990s the firm
used the funds earned in the first public stock offering to swiftly expand the number of sites
to over 1200 boston market would lend the money to franchisees who would then pay a franchise fee
royalties on their food sales and interest on the loans to the corporation easy money
boston market declared this revenue as pure profit allowing franchisees to avoid standard restaurant
launch fees driving the stock even higher and enabling the chain to establish more locations
problems began to occur when each of these separate establishments made standard business
mistakes such as overpaying for merchandise unduly discounting menu items or overspending
for real estate boston market eventually found it impossible to manage the daily operations of each
of these separate stores and had to reduce the number of outlets to around 460 outlets throughout
the country denny's see you denny's denny's is from winners hundreds of eateries that were forced
to close temporarily in march of 2020 will sadly never reopen while small companies have been hit
the hardest even large chains have been affected and while some restaurants have managed to stay
alive in recent years by offering delivery and takeout franchise operators and businesses have
lately revealed plans to close failing locations before march 2020 several casual eateries
including tgi fridays had announced substantial closures but recent events have hastened the
decision of many companies to permanently close their doors since the beginning of 2020
many denny's locations have been struggling hard some of the franchisees have had to close their
restaurants because of the difficult financial situation denny's has been assisting its franchise
owners in getting through these difficulties but the final choice to close is up to each franchise
owner and their specific circumstances what's your decision i don't know the situation is still fluid
and they're working in conjunction with all of the franchisees to ensure that their companies
and people are protected but the number of denny's locations is dropping so things could
go either way friendlies you said you were that waitress from friendlies i lied after
having its comeback plans disrupted friendlies the historic east coast restaurant brand known
for its frozen desserts has filed for bankruptcy in november 2020 the massachusetts-based firm
filed for bankruptcy but intended to sell the brand to a restaurant investment organization
for around 2 million in january 2021 the sale went through with friendlies anticipating virtually all
of its 130 stores to remain open the 85 year old brand had been working for roughly two years to
reinvigorate its business by shutting unproductive locations revising its menu and concentrating more
on takeaway and delivery but the pandemic put an end to those efforts we are doomed unfortunately
like many restaurants their development was abruptly disrupted by the impact which caused a
revenue decrease as dine-in operations were halted for months and reopened with limited capacity
despite the company's financial difficulties all of friendly's almost 10 000 workers
are expected to keep their employment since the sale as the events of 2020 vacated dining rooms
throughout the country several major restaurant companies filed for bankruptcy protection
in the wake of the situation ruby tuesday chuck e cheese and sizzler steakhouses have all filed for
chapter 11 protection le pancotilia red for sale bread for sale le pancotizian is among the many
large restaurant chains battling to stay afloat these days with the bread chains european owner
threatening to pull out of the united states altogether the 98 le pancrienne sites in the
united states would be sold to a new york city corporation under a reorganization proposal
with 35 outlets remaining operational le pen cote d'ien new york the company's u.s branch filed for
chapter 11 bankruptcy in delaware after citing the impact of nationwide restrictions recently
the firm which employs 2 500 people in the united states temporarily shuttered 93 of its facilities
according to the restructuring plans for le pen cote d'ien outlined in the bankruptcy petition
two-thirds of those outlets will never reopen orify brands which operates other restaurants such
as fields good chicken and five guys is interested in buying le pancotisien's u.s outlets how much
how much according to court records orify plans to revive at least 35 le pen outlets and re-hire
some employees the sales must be approved by a bankruptcy judge according to a bankruptcy filing
le pencotidiene's u.s operations began to decrease and losses grew and sales plummeted in big market
cities like new york city earnings dropped due to falling client visitation rising rents and severe
competition in addition the chain was hesitant to adopt new technologies such as smartphone ordering
consumers had moved further towards the grab and go model which enabled for speedier transactions
by employing a streamlined menu and a larger amount of self-service lubies luanne is out of
business luby's is a texas-based restaurant that declared it was going bankrupt last year owing to
2020's catastrophic impact the company which also owns the fuddruckers franchise was winding down
business with plans to dissolve however instead of an inevitable end the company was able to
sell the corporate owned looby's cafeteria and fuddrucker sites in separate deals luby's sold
its 32 restaurants to a new investor and the fuddruckers brand was sold to another investor
these locations are still open predominantly in the south and midwest and are spread across
25 states we always survive with lubies getting a reprieve i guess this doesn't mean the end of the
road for the brand known for its luanne platters as well as other southern style foods that have
been served for almost seven decades that's good news since prior to these sales the firm intended
to close most of its restaurants before the end of its financial year in august ruby tuesdays
ruby tuesday rocky tarantula ruby tuesday is another sit-down dining restaurant that has
filed for chapter 11 bankruptcy protection facing the same long-term issues as other casual dining
franchises the company says it has reached an accord with its secured creditors to support its
restructuring and wants to use the debt cutting approach to restore its finances and continue
in business however in a court filing it was stated that the firm had permanently
closed 185 locations that were shuttered due to familiar circumstances the network now has 236
company-owned and operated stores as well as an unspecified number of franchisee-operated sites
ruby tuesday's chief marketing officer stated they do not expect any other restaurant closures
at this time at all of their present sites they are dedicated to providing
safe high quality experiences for their customers but ruby tuesdays has been suffering for years
due to increasing competition with other casual dining and fast food restaurants are we losing
ribs steaks seafood poultry appetizers and a garden bar are among the company's specialties
the firm based in maryville tennessee at one time employed roughly 7 000 people despite initiatives
to expand delivery and takeaway develop virtual kitchens and offer food through its website
the firm which relied on sit-down eating for more than 90 percent of its revenues was unable
to adjust quickly enough to the changing market it's safe to say that things aren't looking good
for this once popular casual dining chain stay right here and tap or click another great video
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