Say Your Goodbyes Because These Restaurant Chains Are Closing Locations

Published on 12/22/2019
ADVERTISEMENT

Del Taco

Del Taco was founded in the 1960s as a Mexican inspired restaurant that also happens to sell burgers and fries, interesting combo. It is incredibly popular in the West and Southwest areas, and in total has 564 restaurants. However, there are plans to shut down less popular locations by 2020. They also are interested in going more towards franchising. In 2015 it was sold to Levy Acquisition making it a public company. Their plans to expand east were not incredibly successful but they still bring in considerable revenue making them a worthwhile competitor against Taco Bell.

Del Taco

Del Taco

ADVERTISEMENT

Applebee’s

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

Applebee’s

Applebee’s

ADVERTISEMENT