7 Restaurant Chains That May Not Survive Coronavirus

These chains risk permanent closure due to severe financial losses.

By Bradley Daves | May 22, 2020

The unfortunate reality of this epidemic is that many restaurants, especially independent and local, may have to close forever. Even popular restaurant chains are at risk of closing at least hundreds of locations, as only a few remain profitable during this time .

Nothing yet, but we’ve had a handful of popular restaurant chains discuss what coronavirus epidemics can’t survive, mostly because they’re already facing an epidemic due to economic hardships. Remained.

There are only seven restaurant chains here that are currently suffering a heavy economic blow from the coronavirus epidemic.

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Dave & Buster's

Dave Busters

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According to The Motley Fool, Dave & Buster's is particularly at risk of permanent closure because, unlike traditional restaurants, the chain is not equipped for delivery and takes off. The company derives most of its sales from the game that takes place in restaurants. All 137 locations are currently closed. Depending on when the epidemic strikes, Dave and Buster may be out of business in the near future.

2

Ruby Tuesday

Ruby Tuesday storefront
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The risk of Ruby going through an epidemic on Tuesday may be higher, especially since, Motley Fool said, the chain was "already in a weak position in a competitive industry." While the company still offers deliveries and take-outs, it relies primarily on dine-in service and sales of spirits. In addition, Ruby on Tuesday sought to overcome the financial injury that occurred in 2017 when a private equity group bought $146 million after a weak performance in the public market. Between 2018 and 2019, the series had to close about 80 locations.

3

Steak 'n Shake

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Even in financially difficult times, Steak n Shake offers free french fries in every transport order. However, the chain has had problems since last year when its operating deficit increased from to $18.6 million from $10.7 million the year prior. As of December 31, 2019, 107 Stick's NSC locations were temporarily closed. At a time when all hands are on deck, there is a significant loss of survival with a significantly higher number of places in the range.

4

Red Robin

In front of Red Robin Restaurant
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Many Guardian burgers and steak fries are at risk of going under the house, mainly because it was in financial crisis before the epidemic. Investopedia said: "Red Robin Gourmet Burgers, Inc. (RRGB) Hamburg lost the war before the global crisis this year." Traffic fell 3.4 per cent in the fourth quarter of 2019. In addition, Red Robin's sales, net income and sales have declined significantly over the years. Recovery for the chain after the epidemic will be a big challenge.

5

El Pollo Loco

Crazy pole

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The fast-food chain, which operates outside of Arizona, California, Nevada, Texas and Utah, is currently struggling, mainly because California was the first of these states to introduce this mandatory closure and most of these locations are located. The stock recently hit an all-time low of $6.15 per share. However, it has recovered somewhat as the stock is currently hovering around $ 10.00 per share.

6

Applebee'sApple bees

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Business Insider reports that the seat chain for casual restaurants is not in danger of emerging from the epidemic, as analysts and industry experts predict that sales will decline in the coming months. Applebee's belongs to a group that may have difficulty recovering after a housing order, as many people out there are unlikely to have a comfortable meal, at least initially.

7

Tagi Friday

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On Friday TGI is one of the seat chains that will inevitably experience a sharp decline in sales in the coming months. However, the company prefers a roadside shop for wine and beer. Once the restaurant reopens, TGI's bar on Friday won't be as lively as it used to be, as customers will be reluctant to be surrounded by groups of people.

Comments
Madison Peternell : I've wanted to try kitchen Story for a while and finally had the opportunity to go for brunch, and we were not disappointed. They have lots of space for outdoor dining, and it doesn't feel crowded.
Madison Peternell : This place is a gem. They have several dozen varieties of dumplings. All frozen so you can take them home and stock up your freezer. There are vegetarian options, and a variety of meats as well (chicken, shrimp, pork, lamb, etc.). They have menus printed with a listing of the dumplings.
Madison Peternell : if you have time, take a look at their menu so you're familiar with their offerings. They also have my favorite black vinegar and dipping sauces available, so it's a one stop shop!