Is a restaurant recession in our near future? With declining sales and customers opting for takeout and delivery, it’s no wonder we see many time-honored restaurants hitting the panic button. When customers do sit down to a meal, they prefer trendy, local spots. Some franchises, such as Red Lobster, are winning the battle, while others are on the brink of collapse. Read on for 17 restaurants that might not be around much longer.
Sign of the end: 8.9% sales loss in 2017
Even America’s favorite drive-in isn’t safe from a hurting restaurant industry. Quarterly reports broadcasted shrinking sales by 8.9% due to a massive decline in customers. The CEO blamed bad weather and sluggish spending for its flat net income of $11 million but hopes new products for “price-sensitive” customers can revive the franchise.
Next: The all-you-can-eat concept isn’t appealing anymore.