McCormick & Schmick’s
After closing nearly half of their branches, this seafood joint will be closing more restaurants by 2020. With its base in Portland, Oregon, McCormick & Schmick’s is owned by the parent company Landry’s Inc. They have about forty locations around the US and five in Canada. Between their revenue, net income, assets, and equity, it’s safe to say the business is not thriving. Landry’s is responsible for closing the branches and is moving the headquarters to Texas.
Fuddruckers
At one point Fuddruckers was the go-to spot for those crispy chicken finger lovers. At its peak, there were nearly 111 franchises and 77 company-operated branches countrywide. They have a revenue of $150 million and plan to increase by closing certain stores. Its headquarters are in Texas and have gone through several different ownership changes.