2. Hometown and Old Country Buffets
- Year founded: 1983
- Sign of the end: Sales at Old Country Buffet were down 37.5% in 2017.
The owner of Hometown Buffet, Old Country Buffet, and other all-you-can-eat spots has declared bankruptcy three times in the last decade. It also had to pay a Nebraska man more than $11 million when he got salmonella poisoning. Between the lawsuit and a poor strategy of selling a lot of food for little money, Ovation Brands is in trouble. They face another lawsuit from former employees who allege Ovation gave no notice before closing many locations and eliminating jobs.
Next: Profits aren’t bloomin’ at this restaurant.