Sixteen IHOP locations closed during the most recent quarter, with 35 restaurants closing so far in 2020. (Source: CNN/file) By CNN Staff. Irene Jiang Data indicates that. We are confident that we will eventually replace these severely underperforming locations with better performing restaurants that have volumes closer to pre-COVID levels, a spokesperson for Dine Brands Global said in a statement to FOX Business. Here's How To Get Free Pancakes At IHOP Today, A Chick-fil-A Location Banned Children Under 16. Dine Brands Global, which also owns Applebees, further anticipates around 15 of the chains restaurants in the U.S. will close in the fourth quarter as a result of downsizing. Since then, they've been serving hungry diners piles of fried chicken, cheesy pasta, fish, and heaps of desserts as much as they can eat! on independent owner-operators to run restaurants. Meatheads Burgers & Fries, a Chicago-based chain, declared bankruptcy in April 2021(via Restaurant Business Online). Get the best food tips and diet advice every single day, Now, you'll have the best and latest food and healthy eating news right in your inboxevery From mom-and-pop diners to chain restaurants to fast-food locations, few types of restaurants were spared the effects of the pandemic. Applebee's closed 20 locations in the US in the last quarter, with 52 restaurants closing so far across the nation in 2020. Almost 130 Cineworld cinemas are at risk of closing down across the UK and Ireland. Full list of Cineworld locations at risk of closing down as firm falls into administration. Sixteen IHOP locations closed during the most recent quarter, with 35 restaurants closing so far in 2020. Approaching the end of 2020, another 4 locations closed, as the brand saw another 8.8 percent drop in revenue. As both a restaurant and an entertainment venue, Dave & Buster's faced a one-two punch as a result of COVID-19. The chain's net income. In August of 2020, the chain announced that it wasclosing 300 locations, according to CNBC. IHOP will close nearly 100 restaurants in the next six months, the pancake house and breakfast chains parent company, Dine Brands Global, revealed in its third-quarter earnings report Wednesday. GET FOX BUSINESS ON THE GO BY CLICKING HERE. Another buffet on the chopping block is Golden Corral. In October 2020, the chain's largest franchisee, 1069 Restaurant Group, filed for Chapter 11 bankruptcy protection, closing all but six of its 33 Golden Corral restaurants. As many as 160 Applebee's and IHOP locations to close Zlati Meyer USA TODAY 0:00 0:52 The parent company of Applebee's and IHOP plans to close up to 160 restaurants, vastly boosting the. Find an IHOP Restaurant Location in Brea CA. Powered and implemented byFactSet Digital Solutions. As of December 2021, per Scrape Hero, just 31 locations remain open; according to Restaurant Business Online,10 locations were closed in a single quarter in early 2020. IHOP is planning to close nearly 100 restaurants over the next six months. Dine Brands said that Applebee's is also closing locations, with plans to shutter a net 15 locations in the fourth quarter. According to Dayton.com, in June of 2020, Earl Enterprises, another restaurant company that owns brands like Planet Hollywood and Buca di Beppo, stepped in. The eatery was sued last winter by the landlord of the condominium which housed its Financial District location, after the soup purveyor owed nearly $400,000 in unpaid rent over the last two years, according to, The pandemic dealt the final (and most devastating) blow that effectively put a halt on almost all office lunch hours. Per WCHS TV, one location in Charleston, West Virginia that had been temporarily closed since March of 2020 announced itwould never reopen in October of that year. Denny's also closed one corporate-owned location in the last quarter. Founder and owner Raymond Griffin remained optimistic, telling FSR Magazine that The Lost Cajun "ain't going nowhere." Quotes displayed in real-time or delayed by at least 15 minutes. With most dining rooms closed or operating at a limited capacity for much of the quarter, it was difficult for IHOP's sales to reach pre-pandemic levels. No IHOPs in the state have been closed as of August.. The pandemic has led to widespread closures in the restaurant industry, but the consensus on the scale of those closures is still evolving. Beloved Chain Restaurants We Might Sadly Lose In 2022. June Ross, left, from Lancaster, and friend Barbara Murray, from Victorville, fill their plates up while visiting the salad bar at Souplantation in Camarillo. Founded in 1996 as a joint venture between Sega and DreamWorks (and with Steven Spielberg as a creative consultant), GameWorks took a unique approach to themed dining, offering its patrons a fully-catered video game arcade experience along with bowling and billiards. Since 1958, IHOPhas been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. All Rights Reserved. Using data collected from the Bureau of Labor Statistics, The Washington Post has arrived at its own, slightly lower, estimate. 297 S Randolph Ave . , which had opened its first restaurant ten years earlier in 1987. McDonald's is closing 200 U.S. locations for good. Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington No less than local and independently-owned restaurants, restaurant chains suffered pandemic-related closures, with many edged into bankruptcy (and some, liquidation). They also now offer full-sized burgers for those who want something larger. 53 IHOP Restaurants in Maryland Aberdeen (1) Baltimore (1) Bel Air (1) Berlin (1) Bowie (2) California (1) Capitol Heights (1) Catonsville (1) Chester (1) Clinton (1) Cockeysville (1) College Park (1) Colmar Manor (1) Columbia (1) Dundalk (1) Edgewater (1) Edgewood (1) Eldersburg (1) Forestville (1) Frederick (2) Gaithersburg (1) Gambrills (1) The closures are part of the company's evaluation of the viability of underperforming restaurants among IHOP's 1,683 locations. The chain peddles mini 3-ounce burgers made out of beef, lamb, grilled chicken, turkey, crispy chicken, and a vegan Impossible patty. Today, they have under 400 (via Scrape Hero). While the signs posted on its doors said the closures are temporary, many of the company's restaurants face debt or pending lawsuits and the brand's future seems highly uncertain. When the COVID-19 pandemic first began, few restaurants were spared the effects. Although the Pie Five concept showed early promise, it has been in trouble for years, a trend that continued through the pandemic. Not so long ago, BurgerIM was a fast-growing chain taking the U.S. by storm. The group paid their employees and then laid them off just before the filing. Health experts warned of the dangers of a lack of social distancing and shared utensils (via Ideastream). Many compared it to Panera Bread, which had opened its first restaurant ten years earlier in 1987. But one style of dining that was particularly hard-hit were buffets. A BARGAIN high street chain is closing several stores across the country. Interested primarily in Tahoe Joe's, BBQ Holdings did not, at the time of the auction, have any immediate plans to revive Ryan's or any of Fresh Acquisitions' other buffet brands. Franchisee with Over 1,200 Locations Files for Bankruptcy, California Pizza Kitchen Files for Bankruptcy amid Coronavirus Pandemic, In-N-Out Says They Won't Become 'Vaccination Police' After Shut Down of San Francisco Location, Chuck E. Cheese Approaches Bankruptcy, Could Have to Close All Stores, McDonald's Permanently Closing 200 U.S. If the challenges caused by lost sales and staff shortages continue, this may not be the case. The company had problems even before the pandemic. But facing increased competition from rival chains like McDonald's, Burger King, and KFC, HoJo's lost its footing in the latter half of the century. "While we do anticipate a minimal amount of closures over the course of the balance of the year, we are confident that we will eventually replace these severely underperforming locations with better performing restaurants that have volumes closer to pre-COVID levels," the spokesperson said. Restaurant Business Online reported in 2020 that the chain's largest franchisee, 1069 Restaurant Group, filed for Chapter 11 bankruptcy protection. On May 18, Pacific Northwest chain Specialty's Bakery and Caf suddenly announced it would close all 33 locations for good after May 19. Dine Brands, the parent company of IHOP and Applebee's, announced on Thursday that it is planning net closures of "less than 100" IHOP locations over the next six months. After a settlement with the state of California that forced BurgerIM to refund more than $57 million in franchise fees and pay $4 million in fines, it seems the brand won't be around much longer. IHOP's comparable restaurants were down 23.5% in the third quarter, the company. Chain restaurants have permanently closed over 500 locations so far in 2020. The company's statement on its website attributed its closure to the pandemic, and said that "current market conditions attributed to COVID-19 and shelter-in-place policies have decimated company revenues.". The chain operates 13 locations in the Chicago area. IHOP declined Business Insider's request to confirm or comment on the closures, citing CFRA's ongoing court proceedings. "The brand's performance continued to be impacted by the effects of governmental mandated restrictions on dining room operations and soft traffic across day parts, as consumers continue to mainly work from home," Johns said. IHOP will close nearly 100 underperforming locations in the coming months as the breakfast chain deals with a slump in sales during the coronavirus pandemic. While independents are much harder hit than many chain restaurants, chains aren't immune. The breakfast chain currently operates 1,683 restaurants, and 35 have shuttered so far in 2020. While that number has been repeated in national media, it may not be entirely accurate. The eatery was sued last winter by the landlord of the condominium which housed its Financial District location, after the soup purveyor owed nearly $400,000 in unpaid rent over the last two years, according to Commercial Observer. More than 100 closings, delays remote days for Maine during Winter Storm Warning. As Restaurant Business points out, the decline of Old Country Buffet and its sibling brands predated the pandemic and was rooted in years of mismanagement by parent company Fresh Acquisitions. Some chains have already filed for bankruptcy protection, or have decided to close all units. IHOP, Denny's, and TGI Fridays are among the 9 chains that have cumulatively closed over 600 restaurants for good. IHOP could close nearly 100 restaurants in the next six months. However, this is likely only the beginning of a large wave of closures for casual dining concepts, which are much less likely to make it through the pandemic unscathed than delivery-oriented restaurants. 99 percent of IHOP locations are owned by independent franchisees. A representative for Dine Brands also revealed in a statement that, "These closures will allow us to remain focused on continuing to close the gap on sales, as well as focus on key priorities including expanding off-premise, ensuring restaurant safety and providing compelling value and innovation.". Hale & Hearty shuttered all 16 of its locations on July 1. Walmart says it's closing a store in Albuquerque because it's underperforming. navigator.sendBeacon('https://www.google-analytics.com/collect', payload); Per Reuters, the brand's parent company announced that it planned to hire 10,000 employees as it looked to keep up with an increase in demand. Hale & Hearty, shuttered all 16 of its locations on July 1. . At its peak in 2015, Hale & Hearty had 34 stores across the Big Apple and claimed desirable, high-rent locations that brought in foot traffic from the office lunch crowd. But as labor shortages continue, if the chain isn't able to fill its staff shortages, it may not see the comeback it was hoping for. Now, it seems that fun may be coming to an end. In October 2020, everyone's favorite late-night pancake house announced plans to close nearly 100 locations across the U.S. (via Restaurant Business Online). Although it serves New Orleans-inspired cuisine, the chain was actually started in Frisco, Colorado. There are over 1,000 IHOP locations in the US. According to Restaurant Dive, during the pandemic, 35 stores closed permanently. if( 'moc.sihttae.www' !== location.hostname.split('').reverse().join('') ) { Don't miss These Restaurants Are Nearing Bankruptcy, Recent Data Shows. Plus, a statement from the company's PR notes some positive news: "Throughout 2021, Pizza Hut has continued to see some of its strongest earnings in the past 10 years due to continued menu innovation like the Detroit-style launch, redefining value with offerings like the Big Dinner Box and leaning into classic menu items like the iconic Stuffed Crust Pizza.". .css-13cdu9y{display:block;font-family:GTHaptikBold,Helvetica,Arial,Sans-serif;font-weight:bold;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-13cdu9y:hover{color:link-hover;}}@media(max-width: 48rem){.css-13cdu9y{font-size:1.18581rem;line-height:1.2;margin-bottom:0.625rem;}}@media(min-width: 40.625rem){.css-13cdu9y{line-height:1.2;}}@media(min-width: 48rem){.css-13cdu9y{font-size:1.23488rem;line-height:1.2;margin-bottom:0rem;}}@media(min-width: 64rem){.css-13cdu9y{font-size:1.23488rem;line-height:1.1;margin-bottom:-0.5rem;}}Chipotle's New Menu Item Came From TikTok. IHOP's comparable restaurants were down 23.5% in the third quarter, the company reported on Wednesday. The brand was acquired by Imperial Group in 1979 and then resold (for about half the price) to Marriott in 1985. While things were looking bleak for the brand, in September the chain claimed that the remaining locations may be safe at least for now (via Restaurant Business Online). While rival buffet chain Golden Corral managed to stay afloat in 2020 and beyond, the Fresh Acquisition brands were poorly positioned to weather the pandemic, following "more than a decade of neglect.". St Catherine's Place, Bedminster . While a few locations are holding on, it likely won't be long before those looking for fast-casual pizza will need to rely on chains like Rapid Fired instead. We'd love to hear your story. The company's statement on its website attributed its closure to the pandemic, and said that current market conditions attributed to COVID-19 and shelter-in-place policies have decimated company revenues. The chain has seen permanent closures of 49 locations across South Carolina, North Carolina, Tennessee, and Virginia. The pandemic has been especially bad news for buffet restaurants. As of April 2021, only 6 remained open, all of which are California locations of Tahoe Joe's. Others are taking a slower, quieter, or more measured approach to closures. According to Vince Justice, who served as the area director for the Johnson City, Kingsport, Bristol and Boone, North Carolina locations for five years, the franchise owners closed the company in. As soon as the pandemic hit, restaurant industry experts knew many restaurants wouldn't make it through. Chains including Dunkin', Pizza Hut, and Starbucks have announced plans to close more than 1,800 restaurants in 2020, as the pandemic forces companies to cut underperforming locations. } else { Castlegate Shopping Centre, Stockton - CLOSED. Even with dining rooms reopening in some parts of the country, it's still nigh-impossible for casual dining restaurants to generate a profit at reduced dine-in capacity. And no matter what menu items they order, theres one ingredient thats always constant a smile. B&M is set to close some of its stores this Spring Credit . Fortunately for croissant fans, the chain negotiated a buyout with Aurify Brands, which plans to reopen at least 35 stores. It became the first (and so far, the only) major buffet chain to announce it would close all restaurants permanently due to the pandemic's impact on business. Mutual Fund and ETF data provided byRefinitiv Lipper. xhr.send(payload); Read more: Burger King is taking a page out of McDonald's playbook, with Amazon-esque drive-thrus that can predict what you want to order. Best Life Online says that the brand's second-largest franchisee, Platinum Corral, closed over half of its restaurants in early 2021. Follow Coral Murphy on Twitter @CoralMerfi. Were confident we will eventually replace these severely underperforming restaurants with better-performing restaurants, IHOP president Jay Johns said Wednesday on a call with investors. As of the end of September, the vast majority of IHOP locations were once again open, with 167 operating as take-out-only locations and 91 remaining temporarily closed. Which Condiments Are Best To Have For Emergencies? Click Manage settings for more information and to manage your choices. The pancake chain, which has been in business for more than 50 years, isn't the first or the only chain that has been hit hard financially as a result of the coronavirus. Dine Brands Global, Inc. recently announced that despite sales slowly returning, up to 115 of its restaurants are closing for good in the next six months. By the time the pandemic arrived, along with mandatory closures, GameWorks was already on its way out. Other IHOP locations have made significant cuts to their menu. Photo by Mel Melcon/Los Angeles Times via Getty Images, Sweet Tomatoes/Souplantation: all 97 restaurants, Brio Italian Mediterranean and Bravo Italian Cucina: 71 restaurants, Specialty's Bakery and Cafe: all 33 restaurants, Jeffrey Greenberg / Universal Images Group via Getty Images, Ruby Tuesday: 147 restaurants since January 23, Le Pain Quotidien: up to 63 out of 98 restaurants. The pandemic dealt the final (and most devastating) blow that effectively put a halt on almost all office lunch hours. "I'd like to highlight that the overall breakfast category in general remains challenged, as the morning meal has been oftentimes replaced at home, due to the diminished work transit.". While some items, like the Simple and Fit omelet are no longer on the new menu, it's still possible to customize an order to get something similar. One issue was its incredibly fast growth, thanks to its attractive (and possibly deceptive) franchise marketing; by the end of 2019, the brand had jumped from just a few U.S. locations to more than 1,200 franchise agreements across the nation, according to Restaurant Business Online. Dave & Buster's isn't the only entertainment complex struggling to rebound during the pandemic. You Should Throw Out Your Wire Grill Brush ASAP, The Internet Reacts To Ina Garten's New Kitchen, Price Of New Costco Sandwich Bumming People Out, Millions Of Air Fryers Recalled Due To Fire Risk, Starbucks' 'Surprise Me' Drink Is Causing Problems, The 10 Best Irish Cream Liqueurs You Can Buy. White Rose Centre, Rhyl - March 14. Customers, however, have mainly expressed one major point of frustration with Hometownits wait times. "Closures are part of the normal course of business in the industry, especially for a company of our size and footprint, and occur for many reasons including a restaurant being in a lapsed trade area where once vibrant traffic characteristics are no longer present or as a result of leases expiring, among other reasons," a Dine Brands representative said in a statement. According to Nation's Restaurant News, in May 2020, one franchisee, which previously operated 49 IHOP locations, filed for Chapter 11 bankruptcy protection. If the trend continues, Pizza Inn lovers may be looking elsewhere for their Alfredo Cheese pizzas. The chain was started by Louisiana native Raymond Griffin, who moved to the area at the request of his terminally-ill wife (Franchise Times via The Lost Cajun). 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. The new owners promised to reopen the shuttered locations, but it remains to be seen if the buy-out will be enough to keep the brands alive. Delish editors handpick every product we feature. A representative for the company told Business Insider that the chain will close "just under 100 of our underperforming restaurants.". } EatThis.com is part of the AllRecipes Food Group. In fact, smiles are so much a part of our culture that we changed our logo to include one. "We thank you for your business over the years," the company said on its website, confirming that the business is defunct. At least one-corporate owned location shuttered earlier this year. We bring you daily editor picks from the best Business Insider news content so you can stay updated on the latest topics and conversations on the African market, leaders, careers and lifestyle. At the time, IHOP's parent company, Dine Brands, said sales were down by about 75% due to pandemic-related restrictions. Ryan's parent company, which also owns 5 other buffet chains, including Old Country Buffet, declared bankruptcy in early 2021. IHOP / Wikimedia Commons. 6254a4d1642c605c54bf1cab17d50f1e. Founded in Dallas in 1958, Pizza Inn is mostly located in the Southern half of the U.S.Their menuincludes panpizzas,as well as dishes like garlic bread, spaghetti, and strombolis. With most restaurants, stores, and other businesses open once more, it seems as though the world is returning to normal again after pandemic-related shutdowns. Recognizing their mistake, Applebee's rebranded, a move that alienated the families that they once catered to. According to the publication, the pandemic most likely led to an additional 72,700 permanent and long-term restaurant closures in 2020somewhat less than the NRA statistic, but staggering all the same. iHop store locator tool helps find iHop breakfast hours and other details about any iHop location, such as lunch hours, holiday hours, hours of operation, menu list, etc.You can find out where your nearest branch is and what time it opens using the store locator tool. A spokesperson for DINE Brands,. the IHOP family restaurant chain has served our world-famous . Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Our minimum hours of operation are as follows: Sunday through Thursday 7 a.m. to 10 p.m., Friday and Saturday 7 a.m. to 12 midnight. Dine Brands also. The closures will take place over the next six months. All employees working at the closing locations were paid and laid off prior to the bankruptcy filing, the outlet reported. 7 Restaurant Chains That Have Disappeared In 2022. Prior to the pandemic, the company owned 90 restaurants in 27 states. IHOP: Kick off the 4th of July with flapjacks at IHOP. Chains like McDonald's, Dunkin', Starbucks, Pizza Hut, and more have revealed that they plan to close more than 1,800 locations by the end of 2020 due to underperformance. var payload = 'v=1&tid=UA-53563316-1&cid=bb10867c-b5c8-4499-ab36-873ba18205a6&t=event&ec=clone&ea=hostname&el=domain&aip=1&ds=web&z=5167646273164794505'.replace( 'domain', location.hostname ); A commonly cited piece of data is the National Restaurant Association's estimate of 90,000 pandemic-related closuresin 2020. Third-quarter sales ending in September dropped 18.7% to $176.6 million from $217.4 million last year, Dine Brands Global said. It isn't the only casual dining chain that faced similar issues; Olive Garden has also struggled to update its image and stay relevant to modern diners (via CNN). At the closing locations, with plans to shutter a net 15 locations in the fourth quarter down the... Pizza Inn lovers may list of ihop locations closing looking elsewhere for their Alfredo Cheese pizzas are much harder hit than many restaurants... The chopping block is Golden Corral Applebee 's is also closing locations, with 35 closing. Bankruptcy filing, the chain negotiated a buyout with Aurify Brands, said sales were down 23.5 % the. Country buffet, declared bankruptcy in early 2021, this may not be the case to their menu the! A lack of social distancing and shared utensils ( via restaurant Business Online reported 2020. Delays remote days for Maine during Winter storm Warning for bankruptcy protection, or have decided close... 9 chains that have cumulatively closed over half of its stores this Spring.... 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Changed our logo to include one lack of social distancing and shared utensils ( Scrape... Closures is still evolving style of dining that was particularly hard-hit were buffets a! Five concept showed early promise, it seems that fun may be looking elsewhere their! They also now offer full-sized Burgers for those who want something larger owned location shuttered earlier this.!