This year, unprecedented challenges are decimating some of the most beloved dining spots across the nation. Rising costs, labor shortages, and changing consumer habits — each one alone could strain even the most resilient businesses. But when combined, they create a devastating perfect storm, wiping out chains and family-owned favorites alike.
Americans are changing their dining habits, and it’s hitting the industry really hard. With inflation squeezing every dollar, more people are choosing to eat at home, leaving restaurants across the nation fighting for survival. Visits to sit-down restaurants dropped nearly five percent in just one year, and even the most popular chains in the country are feeling the pain.
Take New York City, for example — over 40 bars and restaurants shut down in just two months, while others struggle to stay open, still reeling from the fallout of 2020. All across the nation, empty seats are becoming the new norm.
As we count down the 15 restaurants most at risk, brace yourself: some of these names may surprise you, and others might be places you thought would stand the test of time. These companies are being forced to close locations, struggling with financial pressure, and grappling with a consumer landscape that may never be the same. Stay tuned to see which familiar names could disappear next. Without further ado, here are 15 Restaurant Chains Being Wiped Out By A Perfect Storm In 2024:
41 Comments
You’ll live longer , it’s good. Less obese Americans
White Castle???
🍔 =====> 🌬️ 💩
I’ve watched you for a few years and it’s ALWAYS the: we are the verge of collapse.
Most of these companies all have the same problems, bad leadership that focused on short sighted gains durning good times instead of investing into a strong future. Most of corporate America has the same problem. CEOs are graded on short sighted gains, not long term growth or even survival.
I find myself talking exactly like this guy.
I beleave due to inflation, wages had to go up just to try to brake even at home. But so has the cost to even run these shops. From the paper bags to the napkins all prices have gone. Energy and the gut stabing taxes just sealed their coffins. Maybe after Trump gets back in he can STOP or at least slow dowm this failing economy. It all goes back to the cost of energy.
All these famous, banked, and formerly prosperous RE STAR AUNTS are going to suffer tremendously for although the new minimum wages paid in woke cities like Denver or Los Angeles to NYC are $20/hour, the Federal Minimum Wage is still sitting at $7.25/hour. This is a tremendous gap when customers WHO are affected by this baseline cannot and will knot pay 3X the minimum wage to support the labor and supply chain costs that went up with RE NT and other expenses leaving the minimum wage as it is. This situation won't change UN till the Federal Minimum wage is adjusted to $20/hour nationwide.
there all crap when ww3 hits us u need 2 learn how 2 cook if u survive my naybor cant even boil water wat a loser
McDonald's and KFC cost as much as a sit-down restaurant, and the workers tend to be incompetent. In addition, just about every restaurant I go to is understaffed. It makes more sense to eat at home.
ruth quist ant that good petr lugers in mannhattin bettr
4 more years of communism, we r done
No great loss. Is any one else tired of theses low-effort A.I. generated "content".
no more dickie
I'm not going to miss any of these. The larger chains could have sacrificed profits for a couple years instead of raising prices and cutting employees. I'm not spending $20 on a fast food meal.
Rubios downsized too. They close many locations in California.
Dickies BBQ was across the street from me. They came about a year before 2020 and left about a year after. They never got off the ground and was always slow…I live by 50+ restaurants by a mall area so competition is very high
This video is stretching pretty far to sensationalize the data for clicks. Restaurant visits down 5%? So what? 40 bars close in New York? How many thousands are there in total? 40 doesn’t sound like that much. Keep fearmongering for views.
Ruth Chris only have like 2 or 3 restaurants in a city and/or state. To close 23 locations means they gone out of business.
$75 for a Ribeye steak with no sides plus TIP is crazy work. Buy a family pack for $30
Remember Bradlees Woolworth , Jordan Marsh, Filenes and Radio Shack to name a few?? My point is that big chains always fall at some point!
Christ dude, you have been claiming the sky is falling for years right thru the best bull market. STFU already. Channel Blocked. This channel is for dummies only.
Many of these restaurants don't advertise. (Advertise by the real definition, selling multiplied by a medium…cute pictures, clever quotes, puns and cliques is NOT advertising)
Hard to run a successful business when you don't market and advertise your business and/or do it effectively.
Well a bunch of these chains have been in trouble for quite some time Subway for example they're basically a victim of their own stupidity you can argue that they grew quickly but with that growth has come saturation they have had a bad habit of opening stores on top of stores.
And then of course the price is have gone way up of course part of the price hikes was caused by the franchisees I kind of can't blame them on one level but the reason why I say it was sort of caused by them is because you remember the huge promotion the $5 footlong well at first that was fine but then as the company basically made it the promotion all the time The franchisee started bitching that their costs were going up and when costs did actually trickle up on the wholesale side it was noticeable so a lot of locations refused to participate in it of course this pissed off a lot of customers but they were claiming to lose money and or they were on the verge of losing money…
The truth of it is we can't really know for certain, exactly what the losses were if any at all and the reason being is because none of these people are going to open their books and show you so you could take their word for it or you could take their word cautiously I myself air on the side of caution.
As far as something like KFC and Wendy's goes well there again the prices and then of course these restaurants have been around for seemingly ever who in the hell hasn't tasted them and then of course we all bitch that the taste has changed especially somewhere within the past 10 years it changed once but then it did it again and people have been relatively dissatisfied.
For a very long time I myself have referred to KFC is Kentucky fried salt 11 herbs and spices my ass now they do seemingly have better days than others but a lot of the times you've just bought a bucket of salt.
Every time I think that they have made an attempt to improve it's like it doesn't really stick very long and then they want to go off on these weird fucking tangents offering weird shit that they never should really offer.
Like I don't go to KFC for waffles what the fuck is that about?
I also don't go there for fries.
The only potatoes that should be floating around in any damn chicken shack should be mashed potatoes or potato wedges not french fries.
And of course anymore KFC knows damn well that they're jipping you, I mean for 20 bucks they give you a bucket of six pieces of chicken and they give you a tiny amount of mashed potatoes and gravy and possibly a shitty amount of beans or some other side and they've got nerve enough to call it "taste of KFC".
Wendy's is kind of no better it's like the biggie bag arrangement seems like a decent deal and once in a while it's I guess a nice little splurge but if you really sit back and look at it you're not getting anything that's really worth the price The $5 bag I would suggest would be the better deal out of the bunch simply because the $7 bag well you're basically paying two more dollars to have bacon on a tiny cheeseburger.
Prices will vary but here in the Central Ohio area I can certainly say that Wendy's is quite the ripoff of course Burger King is as well and McDonald's All of these guys pretty much want a buck 99 if not even a little over $2 for just a regular old fucking cheeseburger but if you get into the big sandwiches so you go to Wendy's and you want a baconator or you want the biggest that Wendy's has to offer in terms of a sandwich yeah they're all like $8 and $9 now the same thing with McDonald's and the Big Mac or the quarter pounder it's fucking ridiculous they might be a little cheaper it say right around $5 maybe six and Burger King's got about the same deal happening with the Whopper it's retarded.
They fly under the concept that their costs have gone up and well I mean I'm certain over time there has been a bit of price change in what they're paying wholesale for ingredients and meat but overall I would say it's not the food cost and no I don't really think it's labor I think what really has gone up is the franchise fees if it's a independently in store if it's a corporate store basically they're all about extracting money and not really putting anything back of course the independent owners basically are the same way this is why most Burger Kings look like they're straight out of 1986 even with their remodeling.
But I charge that Wendy's in the other bunch has basically the same problem there again these restaurants have been around for quite a while who hasn't had them and then when they go and jack up the prices all of a sudden they're not appealing anymore I think for the most part a lot of shit within the economy has basically run its course I would say that it's not a matter of diets or changing or something like that I think it's a matter of people are forced to change simply because their wallet says they have to if the burgers were still hardly a dollar people would still be buying them by the sack.
I will go on a lamb and say the format of most of these restaurants because I know that people want to blame labor because it's what they've been told to do well I will say there's a lot of inefficiency in the way in which they set it up it used to be that you had a manager and then you had an actual assistant manager that also governed the store and then of course you had what was known as a third manager now you might have a couple of three of those depending upon the shifts but back in the day when the world shut down by 9:00 including the burger joints you'd have maybe two and part of the big deal of getting the promotion to third manager nowadays we call them shift managers was simply that you got more hours and they may have thrown you a little bit more money and the idea was is you were somewhat an assistant manager in training and if you got that promotion if your store already had an assistant manager then they would ship you across town to another one…
Well it doesn't work that way anymore anymore what you have is a series of shift managers like most of your employees are called a manager on some level or another they're paying a varying degree of wages some of those people get more hours than others but the problem is is you went from having one official assistant manager that would work 40 hours a week to now you have four shift managers that could each put in 28 to 32 hours a week you see what I'm saying the hours doubled however it didn't do it for just one person it did it across three to four people.
So that's the juggernaut that I could see that are in wages it's not your common cashier it's not the burger flipper it's the hierarchy of basically fake management.
Dunkin' donuts well they've always been hit and miss specifically since the '80s and that was under the old company I can't remember the big parent company that owns them now but I do know that they're based out of France so they say America runs on Dunkin but apparently it's running on French Dunkin.
Well they're a donut and coffee shop, they don't serve really a wide variety of things and even if they were to do that it would be deviating from their core business and probably really wouldn't do them any favors I don't doubt that there's a little something that's floating around over there but as a rule their business that basically sells two items and that's donuts and coffee and if your town has a local donut shop it turns out that most people prefer to go to the local store versus Dunkin.
At least that's the way it is in my area we do have a couple of Tim Hortons here so there are those that prefer them and or they toggle between perhaps all three there is a couple of starbucks's one of which is in a Kroger the other is a freestanding store but I can say that the majority of the people that go to these damn places that are willing to pay stupid money for a cup of coffee it's generally not your typical food stamp card holder like a lot of people want to complain it's actually the middle class and or the children of the middle class that blow money That's primarily who goes there and interestingly enough there seems to be enough of them that these companies though they may be in a rough spot stay afloat at least for now but like I said dunkin' donuts has always been on the verge of not making it they've had their fair share of ups and downs so to me it's no real surprise.
And how is that bad news?
There were (are) way too many fast food restaurants. Close half of them and the others will have enough customers.
Good video and these days it's getting very scary and uncertain now. Used to deal with the before the pandemic hit and after the bad news just kept coming really didn't recover thought it was but NO.
About time people ate at home … obesity is partly due to restaurants which make things delicious through additives that are not healthy
Luxury always goes first
Bread and Circus is ending
I can see why they are all closing with all that dust flying around in their stores
That's because all fast food restaurants stuck in America this is what happens when you have third world people working in your business it goes out of business😅😅
I miss our Denny's. It was unfortunately in a lousy location. Had it been near the Barnes and Noble, I think it would have done better. Our KFC has scrawny chicken pieces and very few side choices so I don't bother going there any more. They can't compete with the Tops grocery store fried chicken which tastes as good as KFC used to and is a lot cheaper. Our other grocery store Wegmans makes subs even better than Subway's for half the price.
I like subway…the rest of them suck. Used to like tim hortons but since the east indians bought it with oil baron money on the corporate level its went downhill.
Stop with the fear mongering and fake misinformation.
I feel like the more l learn about country's low income, the more my anger grows,"imagine investing $1,500 and receiving $9,300 profits in 5 days, 😇 Thanks you for the lady you recommended here sometime ago is the best 🇺🇲
KFC ? God help us !
I’m so happy your channel came back up in my suggested feeds and that you have the narrator on screen. I always wondered what the voice looked like. Excellent material coverage as always. Please keep him, the soundtrack, and information coming together!!!❤❤❤
Ahhhhhh can’t afford it anyway tho, those prices are just too cray cray
ozempigeddon
sorry to say it like this but it seems that since you have put a face to the voice that you have not gotten any new subscribers
Collapse may have just been paused.
Thank you for coming back with information
Just facts
I would love to eat at restaurants like I used to, but it is so expensive! I only do it as a rare treat nowadays. Eating at home is the more cost effective choice right now.