These Restaurants Will Close Before 2020 Ends – Some Of Your Favorites

Published on 07/15/2020
ADVERTISEMENT

Luby’s

Luby’s Inc. is a franchise that has many brands under its name like Cheeseburger in Paradise, Fuddruckers, Koo Koo Roo, and Luby’s. Established over 72 years ago in Texas and formerly known as Luby’s Cafeterias, Inc., Luby’s has more than 83 branches in Houston and one in Mississippi. The headquarters for Luby’s is located in Houston, but San Antonio housed its first establishment. There are reports that many of their unsuccessful branches will be closed down soon. A few years back, they closed some of their stores managing to score $6.6 million in profits, which they then incorporated into their operation to increase their overall profits.

Lubys

Luby’s

ADVERTISEMENT

Pizza Hut

Pizza Hut first started in 1958 in Wichita, Kansas, and for over 60 years, it has developed into greatness with more than 18,000 branches globally, and along with Mcdonald’s is probably the most well-known fast food place out there. The company is operated under Yum! Brands who in recent times have made a lot of changes when it comes to the fast-food outlet. America has over 7,500 branches of their total number, but the decision is that they will close more than 7,000 of its total branches worldwide to help stabilize their overall profits. But, if the company wants to stay “alive” beyond this year, they have to act quickly and put some restructuring plans in place.

Pizza Hut

Pizza Hut

ADVERTISEMENT