Say Farewell To These Chain Restaurants – They’re Closing

Published on 06/22/2020
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Del Taco

Del Taco was founded in the 1960s and sells burgers and fries despite the fact that it’s a Mexican-inspired restaurant. This restaurant is most popular in the West and Southwest areas. Now, they have 564 restaurants. However, the less popular locations will be shut down this year. All the same, Del Taco is looking for franchising possibilities. In 2015, Levy Acquisition bought them, making them a public company. Even though their expansions plans were unsuccessful, they still make a decent revenue.

Del Taco

Del Taco

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Applebee’s

Applebee’s is a relative to IHOP, meaning they are both shutting down branches. With 1,830 restaurants worldwide, most of them are franchised. Nowadays they aren’t doing as well as they once did. At one point, the revenue stood at $2.5 billion and its assets at $935 million with 28,000 employees.

Applebee’s

Applebee’s

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