Papa John’s
Papa John’s is a household name in the US as it is one of the most popular pizza delivery restaurants across the country – it has more than 5,300 branches in the US. The company noted it has more than $2 billion in profits yearly and has been in operation for more than three decades. However, in recent times, they indicated they would be closing out about 51 of their branches due to low performance. With everything that went down in 2020 more closures could be imminent as sales have declined drastically. In addition to the pandemic, lots of its drop in sales also came after the long-running CEO, John Schnatter, parted ways with the company.
Papa John’s
Long John Silver’s
If you are a seafood lover and have always visited Long John Silver’s, you may want to keep an eye open as to whether your favorite spot will be among those closing out. Over the last few years, they have filed for bankruptcy several times as they have not been doing the best business-wise. The company got its name from Treasure Island by Robert Louis Stevenson and is owned by Yum! Brands with more than 80% being a franchise. More than 76 franchised branches that were in Indiana were purchased with the idea to reopen these stores. There is also a new CEO who has the initiative to close out the underperforming restaurants and introduce a healthier menu with more heart-healthy foods and less salt and fats.
Long John Silvers
