Some Of Your Favorite Restaurants That Had To Downsize Or Shut In 2020

Published on 07/15/2020
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Old Country Buffet

Reports are going around that there is a feud between Old Country Buffet and Ovation Brands, its parent company. It is also believed that the company filed for bankruptcy a few times in 2012 and 2016. with a report indicating a debt margin of $26.3 million – more than its total assets worth. In earlier times, there were over 300 Old Country Buffet branches, but as of 2020, there were only 19 doors still open. 2020 could have brought the end of Old Country Buffet, it is too early to say.

Old Country Buffet

Old Country Buffet

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Chili’s

Chili’s is a bar food restaurant that was established in 1975 but later purchased by Brinker International. The restaurant was famous for its 3baby back ribs ad, which they had to reduce to focus on a more Tex-Mex cuisine and burgers. There are a total of 1,500 stores located in the US and internationally, but in recent years had to be closing a lot of the company-owned branches to increase their marginal profits. However, since Binker purchased a few of their branches earlier in the year, they seem to be having a little light at the end of the tunnel. But, for the rest of the branches? No one knows what will be post-2020.

Chilis

Chilis

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