Sales at both restaurants increased. Since 1958, IHOPhas been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. After a settlement with the state of California that forced BurgerIM to refund more than $57 million in franchise fees and pay $4 million in fines, it seems the brand won't be around much longer. Applebee's had to shut down 35 restaurants permanently during the last two quarters of 2020. navigator.sendBeacon('https://www.google-analytics.com/collect', payload); Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Another buffet on the chopping block is Golden Corral. They're a fast-casual concept with a menu ofmade-to-order burgers, hot dogs, French fries, salads, and sandwiches. It became the first (and so far, the only) major buffet chain to announce it would close all restaurants permanently due to the pandemic's impact on business. :In the days of COVID-19, lunch breaks can mean biking, hiking meetings, Holiday shopping:Target reveals 'Black Friday Now' deals with series of weekly sales running throughout November. In 2020, Chuck E. Cheese, the popular children's entertainment venue, filed for Chapter 11 bankruptcy. While the signs posted on its doors said the closures are temporary, many of the company's restaurants face debt or pending lawsuits, estimate of 90,000 pandemic-related closures, These Restaurants Are Nearing Bankruptcy, Recent Data Shows, resold (for about half the price) to Marriott in 1985. Other IHOP locations have made significant cuts to their menu. Ni'Kesia Pannell is an entrepreneur, multi-hyphenate freelance writer, and self-proclaimed Slurpee connoisseur that covers news and culture for The Kitchn. By the time the pandemic arrived, along with mandatory closures, GameWorks was already on its way out. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 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. 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. Facing financial challenges and declining sales, this burger chain may fizzle out by the end of the year. We may earn commission from the links on this page. Business Insider also reported at the end of September that 167 locations were operating as takeout only, while 91 have remained closed. The closures are part of the company's evaluation of the viability of underperforming restaurants among IHOP's 1,683 locations. Queens Drive Retail Park, Kilmarnock - March 26. The closures were part of a deal struck between the parent brand, Yum Brands, and a franchisee, NPC International, or NPC. Now, months after many restaurants, stores, and other businesses reopened, some Dave & Buster's locations are closing their doors permanently. 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. Choose how you want to post your review on Hoursmap, .pollQ{clear:both;margin:0 0 25px 0;width:80%;line-height:16px}@media (max-device-width:767px){.pollQ{width:100%;margin:0}}. Founded in 1929, and beloved for things like signature ice cream (available in 28 flavors), Howard Johnson's enjoyed its heyday in the mid-twentieth century, expanding over the course of several decades to a footprint of over 1,000 locations. Many compared it to Panera Bread, which had opened its first restaurant ten years earlier in 1987. 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. In total, they owe more than $8 millionto creditors. document.addEventListener( 'DOMContentLoaded', function() { Some locations were more successful than others; FoodFirst Global Restaurants planned to keep 21 of its most successful locations open. IHOP is the latest chain to shutter a number of locations due to the financial strains brought on by the coronavirus pandemic. Applebee's Is Testing Out Their First Drive-Thru Window, Pizza Hut, McDonald's and More Chains Permanently Close Hundreds of Locations amid Pandemic, Cheers! The buffet chain is one of several brands (along with Furr's and Tahoe Joe's) owned by holding company Fresh Acquisitions (formerly known as Buffets Inc.), which declared bankruptcy last April. IHOP is closing restaurants as the breakfast chain struggles to win over customers during the pandemic. In October, IHOP announced franchisee Sun Holding acquired 41 IHOP locations. All rights reserved.For reprint rights. Times Internet Limited. Thanks for signing up for our daily insight on the African economy. GET FOX BUSINESS ON THE GO BY CLICKING HERE. When Hale & Hearty first opened in New York City nearly 20 years ago, it was the perfect place to grab a soup and sandwich combo. At the time of the filing, Fresh Acquisitions had between $10 million and $50 million in liabilities. While that's good news for most of us, it might be cold comfort to the14% of all restaurants, or more than 90,000 businesses, that closed their doors as a result of COVID-19. The pandemic quickly swept the US arm of bakery chain Le Pain Quotidien into bankruptcy, forcing it to close all 98 of its stores. Fresh Acquisitions was then acquired by BBQ Holdings last fall in a bankruptcy auction. every day. While some locations and franchisees continue to hold on, it seems the chain is on an inevitable downward slide. Published: Oct. 30, 2020 at 12:21 PM CDT (CNN) - Dozens of Applebee's and IHOP restaurants will be . 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. A representative for the company told Business Insider that the chain will close "just under 100 of our underperforming restaurants.". Today, they have under 400 (via Scrape Hero). It's unclear which locations were labeled underperforming and will be closed. EatThis.com is part of the AllRecipes Food Group. News reports across those states show sudden closures of local IHOP restaurants, although it is unclear if those restaurants were operated by CFRA Holdings. ', Death toll keeps rising in Greece's deadliest train crash, Man arrested on suspicion of murder in September killing of teen in south Wichita, Hikers stumble upon rare 2,500-year-old item and thought it was elaborate prank. The chain had failed to update its menus and business strategy to suit a younger audience. Founded in 1996 as a joint venture between Sega and DreamWorks (and with Steven Spielberg as a creative consultant), GameWorks took a unique approach to themed dining, offering its patrons a fully-catered video game arcade experience along with bowling and billiards. This material may not be published, broadcast, rewritten, or redistributed. When the pandemic struck, both chains sought to switch over to curbside pickup and delivery orders. Some chains have already filed for bankruptcy protection, or have decided to close all units. Garden Fresh, the parent company of Souplantation and Sweet Tomatoes, filed for bankruptcy in early May. Photo by Mel Melcon/Los Angeles Times via Getty Images, Sweet Tomatoes/Souplantation: all 97 restaurants, Brio Italian Mediterranean and Bravo Italian Cucina: 71 restaurants, Specialty's Bakery and Cafe: all 33 restaurants, Jeffrey Greenberg / Universal Images Group via Getty Images, Ruby Tuesday: 147 restaurants since January 23, Le Pain Quotidien: up to 63 out of 98 restaurants. The new owners promised to reopen the shuttered locations, but it remains to be seen if the buy-out will be enough to keep the brands alive. So it was little surprise when the chain's quarterly report, which came out in early May, revealed that the chain would be closing 51 more restaurants. } else { Distance mi. 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. Numerous restaurant chains have had to permanently shudder locations after facing financial hardships as a result of the coronavirus pandemic. The pandemic previously forced many IHOP locations to close earlier this year, but since mandates have become more relaxed, a majority have reopened. As ofSeptember 30, out of 1,683 domestic IHOP restaurants,1,425 were open for in-restaurant dining. FAQ - New Privacy Policy. Third-quarter sales ending in September dropped 18.7% to $176.6 million from $217.4 million last year, Dine Brands Global said. Carbondale IHOP. Find out more about how we use your information in our privacy policy and cookie policy. Applebees, also owned byDine Brands Global, will close approximately 15 restaurants before the end of the year. During the earlier parts of 2020, IHOP was forced to permanently close 35 restaurants as a result of the ongoing pandemic. Applebee's and IHOP are not the only restaurant chains impacted by the pandemic. If the trend continues, Pizza Inn lovers may be looking elsewhere for their Alfredo Cheese pizzas. A spokesperson for DINE Brands,. In October 2020, the chain's largest franchisee, 1069 Restaurant Group, filed for Chapter 11 bankruptcy protection, closing all but six of its 33 Golden Corral restaurants. The pancake house's parent company, Dine Brands Global,made the announcement in its third-quarter earnings reportThursday. The franchisee owned around a fifth of the Pizza Huts in the U.S. .css-1es3cx1{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:#004685;text-underline-offset:0.25rem;color:#004685;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-1es3cx1:hover{color:#595959;text-decoration-color:#595959;}IHOP has become the latest restaurant chain to feel the impact of COVID-19 as it plans to close down a number of locations due to financial strains brought on by the pandemic. Sixteen IHOP locations closed during the most recent quarter, with 35 restaurants closing so far in 2020. 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). Indoor dining restrictions might be making itharder for pancakes to sell like hotcakes during the pandemic. } Find Business Hours for all IHOP locations By City: San Antonio, TX Houston, TX Orlando, FL Las Vegas, NV San Diego, CA Los Angeles, CA Phoenix, AZ Oklahoma City, OK Sacramento, CA Dallas, TX Austin, TX Charlotte, NC Fort Worth, TX Albuquerque, NM Miami, FL Memphis, TN Brooklyn, NY Chicago, IL More than 100 closings, delays remote days for Maine during Winter Storm Warning. The chain is reviewing underperforming restaurants, as sales slump during the pandemic. Applebee's closed 20 locations in the US in the last quarter, with 52 restaurants closing so far across the nation in 2020. 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