Kona Grill
Kona Grill is known for its sushi. Established in Scottsdale, Arizona in 1989, the franchise currently has over 40 locations in the U.S. and Puerto Rico. However, they have been dealing with potential foreclosures. In 2019, it was announced the company would be filing for bankruptcy. There is still hope for a potential merge despite the fact that the CEO might resign.
Quiznos
In 2014, Quiznos declared bankruptcy. However, the sandwich joint somehow managed to make it back to life – they decreased their debt by $400 million. They had 5,000 locations all over the world. Now, however, there are only 800. They started closing branches down in 2007 and shut down 1,000 restaurants in America.