IHOP: Kick off the 4th of July with flapjacks at IHOP. "Due to the severe financial environment caused by the COVID-19 pandemic, some of our franchisees have regrettably decided to close their . Another buffet on the chopping block is Golden Corral. Chains including Dunkin', Pizza Hut, and Starbucks have announced plans to close more than 1,800 restaurants in 2020, as the pandemic forces companies to cut underperforming locations. 28 IHOP Restaurants in Pennsylvania Allentown (1) Ardmore (1) Blue Bell (1) Erie (1) Exton (1) Fairless Hills (1) Glen Mills (1) Greensburg (1) Harrisburg (1) Jenkintown (1) Lake Ariel (1) Lancaster (1) Mifflintown (1) Philadelphia (5) Pittsburgh (2) State College (1) Uniontown (1) Upper Darby (1) Warrington (1) White Haven (1) Wilkes-Barre (1) Here's the full list of chains. We are confident that we will eventually replace these severely underperforming locations with better performing restaurants that have volumes closer to pre-COVID levels, a spokesperson for Dine Brands Global said in a statement to FOX Business. Approaching the end of 2020, another 4 locations closed, as the brand saw another 8.8 percent drop in revenue. Arizona IHOP locations (51) California IHOP locations (315) Colorado IHOP locations (49) Connecticut IHOP locations (15) District of Columbia IHOP locations (2) Delaware IHOP locations (11) Florida IHOP locations (250) Georgia IHOP locations (92) Hawaii IHOP locations (8) Iowa IHOP locations (10) Idaho IHOP locations (10) Breakfast, Lunch & Dinner - Pancakes 24/7. A sound business model, by all appearances. Champaign IHOP. IHOP / Wikimedia Commons. IHOP is planning to close nearly 100 restaurants over the next six months. Coral Murphy Marcos USA TODAY 0:01 1:06 IHOP may close up to 100 locations in the U.S. as the pandemic continues to affect indoor dining operations across the country. As Restaurant Business points out, the decline of Old Country Buffet and its sibling brands predated the pandemic and was rooted in years of mismanagement by parent company Fresh Acquisitions. The all-American brand has been facing problems for a number of years now. Dine Brands Global, which also owns Applebees, further anticipates around 15 of the chains restaurants in the U.S. will close in the fourth quarter as a result of downsizing. While some items, like the Simple and Fit omelet are no longer on the new menu, it's still possible to customize an order to get something similar. navigator.sendBeacon('https://www.google-analytics.com/collect', payload); } Some locations were more successful than others; FoodFirst Global Restaurants planned to keep 21 of its most successful locations open. IHOP's comparable restaurants were down 23.5 percent during the third quarter, the company reported on Wednesday. In 2020, Chuck E. Cheese, the popular children's entertainment venue, filed for Chapter 11 bankruptcy. Golden Corral operates as a franchise. Per Today, the chain tried to adjust to the closures by offeringpizzas and other carry-out-friendly foods for curbside pickup under the name Pasqually's Pizza & Wings. IHOP's comparable restaurants were down 23.5% in the third quarter, the company reported on Wednesday. Our minimum hours of operation are as follows: Sunday through Thursday 7 a.m. to 10 p.m., Friday and Saturday 7 a.m. to 12 midnight. Keep reading to learn about a few of the chain restaurants that may wind up closing in the coming year. NEW! But DreamWorks backed out of the venture early on, selling its share in GameWorks in 2001. A commonly cited piece of data is the National Restaurant Association's estimate of 90,000 pandemic-related closuresin 2020. However, this is likely only the beginning of a large wave of closures for casual dining concepts, which are much less likely to make it through the pandemic unscathed than delivery-oriented restaurants. We, Yahoo, are part of the Yahoo family of brands. The reasons for Pie Five's demise aren't necessarily a direct result of the pandemic. While rival buffet chain Golden Corral managed to stay afloat in 2020 and beyond, the Fresh Acquisition brands were poorly positioned to weather the pandemic, following "more than a decade of neglect.". IHOP will close nearly 100 restaurants in the next six months, the pancake house and breakfast chain's parent company, Dine Brands Global, revealed in its third-quarter earnings report. Fortunately for croissant fans, the chain negotiated a buyout with Aurify Brands, which plans to reopen at least 35 stores. The chain was started by Louisiana native Raymond Griffin, who moved to the area at the request of his terminally-ill wife (Franchise Times via The Lost Cajun). Start a group for your church, neighborhood, or child's school. Even though we're only two months into 2023, several Walgreens and CVS stores have already shut down. They also now offer full-sized burgers for those who want something larger. Two of your favorite restaurant chains are owned by the same companyDine Brands Global, Inc. } ); A Walgreens location in Ridgewood, New York, closed on Feb. 21, and on Feb. 22, individual stores closed in Minneapolis, Minnesota and St. Johnsbury, Vermont, Best Life previously reported. xhr.setRequestHeader('Content-Type', 'text/plain;charset=UTF-8'); It was also reported that sales at underperforming locations were down by 23.5% in the third quarter. 7 Restaurant Chains That Have Disappeared In 2022. They had started the quarter with 104 locations; by the end, they had just 89. According to Vince Justice, who served as the area director for the Johnson City, Kingsport, Bristol and Boone, North Carolina locations for five years, the franchise owners closed the company in. GET FOX BUSINESS ON THE GO BY CLICKING HERE. B&M is to shut four branches this year, according to reports. Restaurant Business Online reported in 2020 that the chain's largest franchisee, 1069 Restaurant Group, filed for Chapter 11 bankruptcy protection. She's the former Weekend Editor for Delish who also writes about faith, health and wellness, travel, beauty, lifestyle, and music for a range of additional outlets. Almost 130 Cineworld cinemas are at risk of closing down across the UK and Ireland. Some chains have already filed for bankruptcy protection, or have decided to close all units. Visit this link to . Ni'Kesia Pannell is an entrepreneur, multi-hyphenate freelance writer, and self-proclaimed Slurpee connoisseur that covers news and culture for The Kitchn. Now, per Eat This, Not That!, over two years later, they still haven't filed for bankruptcy, but have dropped to a little over 100 locations. A drop in sales during the pandemic is to blame. Pizza Inn and Pie Five are owned by the same parent company, and both have been struggling for several years now. According to Dayton.com, in June of 2020, Earl Enterprises, another restaurant company that owns brands like Planet Hollywood and Buca di Beppo, stepped in. Per WCHS TV, one location in Charleston, West Virginia that had been temporarily closed since March of 2020 announced itwould never reopen in October of that year. xhr.open('POST', 'https://www.google-analytics.com/collect', true); At its peak in 2015, Hale & Hearty had 34 stores across the Big Apple and claimed desirable, high-rent locations that brought in foot traffic from the office lunch crowd. White Rose Centre, Rhyl - March 14. Published: Oct. 30, 2020 at 12:21 PM CDT (CNN) - Dozens of Applebee's and IHOP restaurants will be . Ryan's parent company, which also owns 5 other buffet chains, including Old Country Buffet, declared bankruptcy in early 2021. For example, "IHOP's online-ordering sales accounted for 22% of total sales for the third quarter of 2020, down from 34.7% of total sales for the second quarter." Some of the closings are due to leases expiring as well. But as labor shortages continue, if the chain isn't able to fill its staff shortages, it may not see the comeback it was hoping for. From mom-and-pop diners to chain restaurants to fast-food locations, few types of restaurants were spared the effects of the pandemic. Locations Due to Pandemic, The True Story Behind Netflix's New Docuseries 'Bad Vegan', Steakhouse Chain Sizzler Files for Bankruptcy After 62 Years in Business, Every Household-Name Brand Filing for Bankruptcy or Closing Stores Amid the Coronavirus Pandemic, Chuck E. Cheese Parent Company Files for Bankruptcy As Over 200 Locations Reopen. Fresh Acquisitions was then acquired by BBQ Holdings last fall in a bankruptcy auction. Hearst Magazine Media, Inc. All Rights Reserved. "We're confident we will eventually replace these severely under-performing restaurants with better performing restaurants," Jay Johns, IHOP's president said on a call with investors on Wednesday according to Business Insider. Stories of Ryan's locations closing, often without warning, started hitting the news soon after. IHOP in 60634-5292 at 5737 W Belmont Ave. IHOP in 60641-1603 at 4210 N Cicero Ave. Were confident we will eventually replace these severely underperforming restaurants with better-performing restaurants, IHOP president Jay Johns said Wednesday on a call with investors. Times Internet Limited. Meatheads Burgers & Fries, a Chicago-based chain, declared bankruptcy in April 2021(via Restaurant Business Online). Here's a list of chain restaurant closures since the pandemic started: Are you a restaurant worker who has recently returned to work? Chain restaurants have permanently closed over 500 locations so far in 2020. We may earn commission from the links on this page. The closures will take place over the next six months. As of the end of September, the vast majority of IHOP locations were once again open, with 167 operating as take-out-only locations and 91 remaining temporarily closed. IHOP is closing restaurants as the breakfast chain struggles to win over customers during the pandemic. Business Insider also reported at the end of September that 167 locations were operating as takeout only, while 91 have remained closed. That was after IHOP had already closed 16 locations in the previous quarter. Yet another pizza restaurant struggling to keep up with the competition and changing customer preferences is Pizza Hut. All Rights Reserved. Founder and owner Raymond Griffin remained optimistic, telling FSR Magazine that The Lost Cajun "ain't going nowhere." FoodFirst Global Restaurants, the parent company of Brio Italian Mediterranean and Bravo Fresh Italian, filed for bankruptcy in April and announced it would close 71 out of its 92 restaurants. June Ross, left, from Lancaster, and friend Barbara Murray, from Victorville, fill their plates up while visiting the salad bar at Souplantation in Camarillo. The chain had failed to update its menus and business strategy to suit a younger audience. One issue was its incredibly fast growth, thanks to its attractive (and possibly deceptive) franchise marketing; by the end of 2019, the brand had jumped from just a few U.S. locations to more than 1,200 franchise agreements across the nation, according to Restaurant Business Online. Legal Statement. The pancake house's. Dozens of IHOP locations could be closing in coming months. But facing increased competition from rival chains like McDonald's, Burger King, and KFC, HoJo's lost its footing in the latter half of the century. Just last month, regional chain Hometown Burger shut down all eight of its restaurants without much of an explanation. "The brand's performance continued to be impacted by the effects of governmental mandated restrictions on dining room operations and soft traffic across day parts, as consumers continue to mainly work from home," Johns said. 53 IHOP Restaurants in Maryland Aberdeen (1) Baltimore (1) Bel Air (1) Berlin (1) Bowie (2) California (1) Capitol Heights (1) Catonsville (1) Chester (1) Clinton (1) Cockeysville (1) College Park (1) Colmar Manor (1) Columbia (1) Dundalk (1) Edgewater (1) Edgewood (1) Eldersburg (1) Forestville (1) Frederick (2) Gaithersburg (1) Gambrills (1) Dine Brands Inc., which is the parent company of IHOP and Applebee's, announced on Thursday that almost 100 locations of the pancake chain will close across the U.S. over the next six months. Get the best food tips and diet advice every single day, Now, you'll have the best and latest food and healthy eating news right in your inboxevery The company's statement on its website attributed its closure to the pandemic, and said that current market conditions attributed to COVID-19 and shelter-in-place policies have decimated company revenues. Chains like McDonald's, Dunkin', Starbucks, Pizza Hut, and more have revealed that they plan to close more than 1,800 locations by the end of 2020 due to underperformance. These closures will allow us to remain focused on continuing to close the gap on sales, as well as focus on key priorities including expanding off-premise, ensuring restaurant safety and providing compelling value and innovation," the spokesperson said. Dine Brands emphasized this was an improvement for the chain, where comparable sales fell 40.4% in the second quarter. 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