Popular Restaurants Are Facing Bankruptcy

Some of us would be in tears if they hear that their favorite restaurant is in jeopardy of filing bankruptcy, but it’s a very real possibility for large chain restaurants that we’ve grown accustomed to.  Some we might think are so expensive they would never bite the dust, but they made the list.

According to TheStreet.com, they use the Z rating for restaurants to discern the level of financial distress the company may be experiencing.  Those that have already sunk and filed Chapter 11 bankruptcies are: 

  • Sbarro, which went bankrupt in April, 
  • Perkins and Marie Callender’s restaurant chains filed in June, 
  • Eva Longoria’s Las Vegas restaurant Beso filed for bankruptcy in January,
  • and Michael Jordan’s The Steakhouse NYC, went under in November of last year.

The top five restaurants in order from lower risk to highest risk are:

5. Domino’s Pizza
4. DineEquity (IHOP, Applebee’s)
3. Morton’s Restaurant Group
2. Wendy’s/Arby’s
1. Denny’s

Sad yet?  It’s looking like America is getting ready to go on that highly anticipated diet we’ve been putting off.  Read more here.

-J.C. Brooks

2 thoughts on “Popular Restaurants Are Facing Bankruptcy”

  1. The following time I learn a weblog, I hope that it doesnt disappoint me as a whole lot as this 1. I imply, I know it was my choice to learn, but I in fact thought youd have 1 thing fascinating to say. All I hear is really a bunch of whining about something that you may fix need to you werent too busy searching for attention.

Leave a Reply

Your email address will not be published. Required fields are marked *