Here Are Some Of Our Favorite Restaurant Chains Are Closing Down This Year

Published on 06/24/2020
ADVERTISEMENT

Del Taco

Del Taco was established in the 1960s as a Mexican-inspired restaurant that also offers burgers and fries, which is an unusual combination. It is incredibly popular in the West and Southwest regions and has a total of 564 restaurants. However, there are plans to shut down less popular sites by 2020. They ‘re also interested in moving more towards franchising. It was sold to Levy Acquisition in 2015, making it a public company. Their plans to expand east were not unbelievably successful, but they still bring considerable revenue, making them a worthy competitor against Taco Bell.

Del Taco

Del Taco

ADVERTISEMENT

Applebee’s

Applebee’s is the sister restaurant of the famous IHOP, and they are both closing down soon. With 1,830 restaurants worldwide, most locations are franchised. The restaurant once had $2.5 billion in revenue, with total assets amounting to $935 million and 28,000 employees.

Applebee’s

Applebee’s

ADVERTISEMENT