No matter how the economy is doing, people love dining out. Americans spent $605 billion at the best chain restaurants and other establishments from 2017 to 2018, according to the Los Angeles Times. However, not all restaurants are created equally. Just as some American companies are going downhill fast, these struggling restaurants might not survive 2019.
The nationwide chain at No. 6 inspired similar competitors that are putting pressure o n the originator, and the restaurant at No. 10 has its work cut out for it.
Headquarters: Glendale, California
The bad news: They keep closing restaurants.
Applebee’s spent money renovating restaurants and expanding its menu to appeal to younger diners. That wasn’t the smartest move. The changes alienated some existing customers and didn’t bring in many new ones. The chain closed 46 locations in 2016, another 99 in 2017, and planned to shutter up to 80 more by the end of 2018.
Next: No one wants to invest in these struggling restaurants.