Say Your Goodbyes Because These Restaurant Chains Are Closing Locations

Published on 06/17/2020
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Del Taco

Founded in the 1960’s Del Taco sells burgers and fries but is actually a Mexican inspired restaurant, unusual combo, no? Del Taco is most popular in the West and Southwest areas, they now have 564 restaurants. The less popular locations are supposedly being shut down in 2020.; However, Del Taco is also looking towards franchising possibilities. Levy Acquisition bought them in 2015 which means that they are a public company. They still make a decent amount of revenue despite their expansion plans being unsuccessful.

Del Taco

Del Taco

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Applebee’s

As the relative to IHOP, both Applebee’s and IHOP are shutting their doors. With 1,830 worldwide restaurants, majority of these are franchised. They are no longer doing as well as they once did. previously the revenue stood at $2.5 billion and their assets at $935 million with 28,000 employees.

Applebee’s

Applebee’s

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