10 Biggest Restaurant Chains Collapsing In 2024
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- čas přidán 29. 08. 2024
- Prepare to be stunned as we unveil the top 10 restaurant chains facing unprecedented challenges and closures in 2024!
Join us as we uncover the reasons behind the downfall of these once-thriving restaurant chains, from shifting consumer preferences to economic upheavals. Discover the inside scoop on iconic brands struggling to adapt to changing times and fierce competition.
From beloved fast-food joints to renowned sit-down establishments, no restaurant chain is immune to the seismic shifts reshaping the dining landscape. We’ll explore the factors contributing to their decline and examine the ripple effects felt across the industry.
But it’s not all doom and gloom - we’ll also discuss the lessons to be learned from these failures and the potential opportunities for reinvention and revival. Whether you’re a foodie, a business enthusiast, or simply curious about the inner workings of the restaurant industry, this video is a must-watch!
Don’t miss out on this gripping exposé of the 10 biggest restaurant chains collapsing in 2024. Subscribe now and hit the notification bell to stay informed about the latest developments in the world of dining! 🚨 #RestaurantChains #Collapse2024 #IndustryInsights
Once you’re in bed with private equity, investors, or become big time chains, you’re days are numbered. You have to feed the corporate monsters.
The McDonald's story!~
@@RiddledEnigma93 McDonalds just plain sucks.
Private equity never gets involved unless there's someone they want to screw over. If it's not the employees or the kickstart shareholders, it's the customers.
I remember back in 1975, my friend paying pizza hut franchise 70% of his profit!!!!!!😵💫😵
True... the Money Hog "running" the company making $10 mil a year while the shlep making it all hit the pavement for the customer making $15 k a year... sounds fair
AI narrator, stock footage of the wrong restaurants, inaccurate clickbait title. This video is horrible.
No, not really!
The real reason so many restaurants are closing is people are making much less money and prices in these places have gone insane.
I stopped going to Red Lobster when they started charging extra for the damn salad. Sixty bucks for a meal for one and they can't include lettuce?
sixty buck for a meal? OK. I transulate in EUR. Now, how on EARTH could, or would, some one pay 60 bucks for a single meal for a single person.
Are you totally mad?
Listen, I make 50.000 EUR a year. I DO have a mortage, kids going to collage, University even.
There is something very wrong in your country.
I would spend more than 60 EUR on a meal for a single person if it was that good. Not in a fast food restaurant.
I usually get take away/delivery for a family of 5 for that.
Well Friend I Worked that industry, they have no choice. Put your Glasses on and look beyond. Do you not think it Strange all of a sudden after years this is happening? Do you not find it strange it really started happening about 3 years ago? What happened that brought on this all of a Sudden?
Let me explain it to you, a Super Rich left over WW2 who worked with Adolf Hitler who promised several years to destroy the United States, a Puppet Master Money Bags, now flip the Coin what do you see, I see a brain Dead Whitehouse Person who ":KNOWS Not WHAT HE DOES" but signs what is given to him.
I thought $60 was kind of high so I checked the take out price near me… whoa…$42 just for the main course.. so with drinks and a salad or appetizer… $60 for one person is about right 😮
@@johnhasty3411 Yes, I I didn't have an alcoholic drink either. Just a coffee and water.
True. We had a RL in Schaumburg, Illinois & we were in Rolling Meadows. 10 min drive, ate there a lot...till, like you said, to get anything decent on the menu is an EASY $45-$60 clams per person. Good luck RL !!
Red Lobster food strikes me as no better than mediocre and it’s always expensive.
Blaming everything on C-19? My main reason for not eating out is the high prices.. You know the thing.. Inflation. Some say that it doesn't exist or made up. Plus tax, plus tip. A $25 meal quickly becomes $32+
In my opinion C-19 lead to inflation. Things just haven’t been the same since, and many businesses never fully recovered.
Nice video... but you report on which restaurants are having trouble, not why. The issue is people don't have the money to dine out
How true you are, now think what happened 3 years ago and why we ae now in this Giant mess!
Also true... EVERYTHING the last few years SKYROCKETING 30-!00% while I'm making the same wage...HUH ...
if our government is for us, who can be against us???!!!
The answer is simple 3 step. Quality, cost and quantity. During pandemic these chains took the liberty to jack up the prices and mess up the quality and quantity. I can understand they struggled at that time but now the customer is struggling even more. I don’t care if the decor stays the same. Instead of putting money in that why not reduce the prices? The renovation costs are eventually be passed on to customers. And that’s just spiral driving to the end of the chain. Restaurants need to pay the employees better wages instead of burdening the customer even more with tips. If the chains don’t understand something so simple then they deserve to go down IMHO.
10. Red Lobster
9. Hardrock Cafe
8. Hooters
7. Olive Garden
6. TGIFridays
5. Ruby Tuesday
4. Applebees
3. Buffalo Wild Wings
2. IHOP
1. Outback Steakhouse
It's April 19th, 2024, and this nonsense declares that the biggest challenge for Applebee's and Outback steakhouse is the COVID pandemic. Who edits this?
Don't Blame the Local Fast food or cafe! Their Rents went up, or taxes, Utilities went up, Payroll sky Rocketed all at once, Food prices sky Rocketed, state insurance went up, equipment filures repair sky rocketed, Plus less People because of increased prices. Book keepers, Need I go on?But, they have no choice they are forced to raise their price, even at times in the Winter they get no pay check but just hanging on until Summer. It is no bed of roses running a Fast food or Cafe, Even people that do not show up for work making more work for others. It is no easy task running a Fast food or Cafe. I know, I worked that Field for 15 years after retiring from 36 years in my job. SAD!
Also true. I have been saying for 20 years that it's getting tougher for business to have properties MAINLY, in my opinion, because of taxes & insurance. You have a small sandwich shop, & it costs you $2500 month...JUST FOR RENT... before you turn a nickel. Then, like you said, utilities, employees, all the bs that comes w just that, plus maintenance, inventory, YOUR OWN SALARY, etc, etc. We are being taken down... FROM WITHIN. Sure, we should be vigilant about our enemies FOREIGN, but the REAL enemy is now within. HUH... thought I read that somewhere...
Some are zombie companies where money was borrowed with low interest rates hoping the company would pay the loan off. Only problem is interest rates have gone up leaving them unable to service their debts
Another truth, Credit cards running 30 percent interest is Sky High Robbery, Have you noticed this Government has said nothing about this Gougine by Rich Folks,
This 30 percent is a Country Detroyers. Have you considered Mafia Loans, not much different. Just Kidding, but these Credit card companies are Rotten to the Core.
2:11 "...among the hashtag **mih-too** movement?" Dump the AI narrator!
🙏For all of our business, they need to repent for there wokeness
Well said
Across the board, every restaurant named serves BORING, overpriced food.
This entire video narrative and the narrator himself sounds like it was written by Chat GDP..Case in point...."SEE OH VEE ID... umm did you mean Covid ?
I came here to see if others heard the same too
Sometimes the videos are flagged if you say the actual word. Most people just spell it out or say C-19.
Of course it’s an AI voice
TO EXPENSIVE....
Paid $10 for two eggs and pancakes at IHOP. (Cost to IHOP was about one dollars)
Paid $50 at Buffalo Wild Wings for 3 people. (Cost to BWW was about five dollars)
Don't get me started on Red Lobster
All of these places have high mark-up's or really stupid buyers.
Ten times the cost of the food is too high. 3 to 4 times the cost is good.
That's why they call Hooters
My opinion, a resturant or night club has a 5 yr life span
tell that to Mcdonalds and Burger king :P
What stopped us returning to Buffalo wild wings is the built in 18% gratuity. No incentive for good service.
If these places close blame the millineals & Gen Z because they say it's old fashion. When it's gone there will not be a comeback. Then you will see alot of people saying i want this or that like in the good ole days. Yes i am all for being healthy but sometimes a salad doesn't cut it you want some wings, fries and a beer
Red Lobster is Rip Off
Hard rock food just sucks. Its an Applebee's with decor.
Voice sounds SO robotic at times, quite plausible at others. Very Uncanny Valley.
Welcome to Artificial Intelligence.
With the southern border invasion, stronger demand for Mexican food.
I like them all, but with Biden's inflation, I can no longer afford to eat out. No changes in the restaurants can overcome that.
Im a diabetic most restaurants cant offer me anything healthy. I wouldn't miss any of them, I cook good food at home.
Very interesting 🤔
First ahh comment
These restaurants used to cater to a demographic that is not so significant anymore. This demographic was en vogue back in the 1980s 90s and even the early 2000s. The country is rapidly changing and the restaurants do not offer the type of food that the new type of people want the demographics that patronize these establishments now have serious health issues of eating the foods that these establishments cater to them. Life goes on I guess
I can’t with AI that cannot pronounce words properly. 👎
Umm... still blaming "the pandemic" on dining habit changes? That was 4 years ago.
F&)KING TRUE ... read my comment above
The ted lobster by me always has clouds and lightning bolts over it when it's sunny around them.
In the mid 1990's hard rock cafe was at its peak.
Went once in the 80s. The music was so loud we were yelling at each other at the table. The food was mediocre at best. We never went back. It was the hard rock at the beverly center, the first one and we went in 1983..
I can pretty much guarantee that Hooters is not having problems because of inclusivity. They hired for certain traits, but race wasn’t one of them. Maybe they will bring in some trans workers and all their problems will be solved 🙄
All of their prices are ridiculous!
Everyone wants the same youthful market but they no longer have money to spend on food. That’s why they eat at noodle joints and Korean fried chicken places. It’s cheaper food that’s unique.
Since Covid, the only affordable and decent cuisine are Mom and Pop small restaurants. The big chains can not afford help or rising food costs. Family owned restaurants are doing excellent business. They are clean, excellent food and very good service. The owners are fair to their few employees, and they buy food locally. However, we do eat at Beef O'bradys for wings on occasion, but that's about it. If they should go downhill, we will stick to private dining fare. Raising minimum wage and run away inflation is killing the food industry chain restaurants.
Thank you for this. Have a couple of discount coupons for one of these places & we should use it while we can. Years ago I liked spareribs at Applebee's very much. They were taken off the menu. I ordered something else which I didn't like. The mgr. came over & I thought it was stupid that he didn't offer me something else. (This was when economy was good.) Had an expensive meal at Outback Steakhouse before COVID; it disappointed all of us at the table. Lunch prices are now what dinner prices were before COVID in most places You really have to be nuts about a place or you don't want to bother. Sorry if name icon comes up 2X.
Investors giveth and investors taketh away. I won't miss them, or the illusion they create of gainful employment.
What a way to give the utmost respect at identifying the pivotal gender-specific pokémon movement at 2:11
(As a man) Hooters needs male servers that are attractive to the women's eyes🙏🏾
They had nice girls and horrible food. The taste of a nice girl leaves your mouth more quickly than the bitter taste of their food.
I don't like Red Lobster, poor service, people don't give a Damn. Food isn't worth the money
hooters is inclusive ,they've included every body type in their hiring practices and while plus size models are fine, are obese individuals in tight clothes really what the customers go there for. or is it the wings ?
Bonjour, and grocery, and homecooking
All of these are awful with IHOP probably the best as it’s basic and simple. Or was. Upgrading their menu was the stupidest thing they could have done.
I worked for red lobster for 2 days an quit back in the early 2k's. trainer kept vanishing on me when he was supposed to train me.
Hooters were all closed here due to a disabled person suing them for not having wheelchair access doorways.
Olive garden last time we were there, the server brought us a salad with black bad lettuce.
Ruby tuesday that closed down didn't have much business even for being on a pretty busy corner.
Applebee's bbq sauce is horrid, plus any time ive been to one the food was never that good but once due to a really good waiter!~
B-dubs ever since Arby's bought them have gone down hill, all the decor that used to make the place was taken away an the place is just blan with a bunch of TV's!~
Ihop has never been a good place vs other local breakfast places!~
Outback Steakhouse had a location that failed to pay it's taxes once an was closed, they have some damn good ribs!~
Shift in Asian demographics on expensive cities.
Y'all really have to learn to cook.
Pasta is the cheapest SHT to cook.
And one of the worst foods for the body
who cooks in these restaurants ,last time the food was bland.
Nooo😮😢
This video was written by a third grader, intended for a second grader. The reasons given for the struggles of each restaurant chain are simplistic, non-specific to any particular chain, and just plain wrong. Total waste of time on this one.
What was this thing? Generic stock clips, no real info, just meh. It's like someone made a list of 10 franchises and had filler to use up time. Poor.
Since Biden was installed I haven’t eaten out much at all. I just can’t afford it. It cost too much in gas to even get there.
hell no olive garden is doign jsut fien out my way so no ieda what your talking about
Junk food, processed meat, artificial flavor and hight prices.
Esau's blessings r over and the curse's have switched from us to u.
Get your facts straight and at least the correct images together before you do a video like this and stop saying “pandemic” every 5 minutes.
You're talking about conditions in 2024 and showing people wearing masks?? That diminished credibility.
I was at Costco yesterday and about 15% of people still wearing masks
Obvious AI voice is obvious af.
Eat local
I know most of these chains have struggled for a long, long time but IHoP ? IHoP is usually pack Saturdays and Sundays where I live.
Did you see the pigs at Hooters? Disgusting.
No Idea. I'm not an American. There seem to be no Hooters outside the US save for some islotated non profitable cases s which no one really heard of or went to.
Now, I understand the "business model"
I'd go here to get some food and see some boobs. My wife actually would approve if i'd ask nicely. Now, she has a nice rack herselves, but hey,.
I get why some guys go there. You can call them pigs, but why did you go and see them?
Hooters is disgusting. Would you eat anything at a nasty strip bar.
Actually, I would. It's called hooters for a reason. There is no Hooters in Europe or anywhere outside US as far as I know.
If I would go there because of the hooters. I'd take my wife and kids if they aprooved. She has some nice hooters too, btw.
Now, seriously...
I'd go to Hooters if i wanted to eat and see some boobs. Call me All Bundy, whatever. I understand the need.
It is called capitalism in a free democrarcy of which you Americans are so fond of.
Now, if Hooters does not meet the requirements on surviving in a capitalist economy, i dont give a fuck.
If you rather enjoy your halve baked burger and cold fries and diet soda typically served at your fast food restaurants, instead of, or including the the beauty of the local fauna, that's OK too.
I meant the tits.
Once you’re in bed with private equity, investors, or become big time chains, you’re days are numbered. You have to feed the corporate monsters.
We feed corporate capitalist Americans.
But seriously...
I'm European. God forbid your fast food chains would charge as much they do in the US. In fact, they do.
A strange twist in capitalism, eh?
McDonalds, KFC and Burger King seem to do alright...
And yes, they ARE expensive.