These restaurant chains filed for bankruptcy during the pandemic – IOTW Report

These restaurant chains filed for bankruptcy during the pandemic

CNBC: As the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy. 

Trade groups estimate that up to 30% of restaurants could permanently close because of the pandemic. While independent restaurants are more at risk, dining room closures and consumers eating more at home has also strained chains, particularly those in the casual dining sector.

The Paycheck Protection Program provided many restaurants, including large chains like P.F. Chang’s and Five Guys, with much needed funds to continue operating. But coronavirus cases are once again surging, causing governors to once again close dining rooms to customers.

The crisis will likely change the restaurant industry forever. Experts say that the pandemic and related health concerns may prove to be the death knell for buffet-style restaurants, and the once-thriving “eatertainment” segment is under pressure.   
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29 Comments on These restaurant chains filed for bankruptcy during the pandemic

  1. I don’t know why CNBC is complaining. They’re getting exactly what they want. The Democrats and MSM worked really hard to destroy our economy over the common cold.

    21
  2. My favorite buffet has a sign saying “We are open” (for takeout).
    What do you do?
    Sit in your car and order more plates of food for them to bring to you?

    15
  3. I have talked with a couple of friends that own restaurants. They are struggling, but they are still managing to stay open. As long as the Colorado Fuhrer Polis doesn’t do more stupid things and cause them to go out of business.

    12
  4. We let a seasonal flu shut us down.
    Shame on us.

    We let the liars lie to us.
    Shame on us.

    We CONTINUE to let the liars CONTINUE to lie to us.
    Shame on us.

    We allow them to live.
    Not really sure why.

    izlamo delenda est …

    30
  5. @ Flip. Right?
    I have started baking my own bread and Tiramisu cakes and other Mediterranean stuff, like my ancestors. lol. Now, if only I could get ahold of a vineyard and a grove of olive trees…

    16
  6. Chuck E. Cheeses are notorious for mom-fights and child kidnappings. Long ago I lived a few blocks from one and every time a police car went by, I knew where they were going.

    9
  7. @MJA – sadly I can top that. 1993 Chuck E. Cheese in Aurora CO – Nathan Dunlap. A good friend of mine was one of the paramedics that arrived on the scene and it was almost enough to get him to quit. Fortunately, he showed his true colors and continued as a first responder for another 20 years.

    5
  8. Chuck E Sleeze going out of business is no big deal, I haven’t been to one in probably 25 years or more since my kids were little. They had terrible pizza and I never like going there, we were better off going to the park where they had kid killers and swings where we could let the kids let blow off steam and it was free. And besides you were always going to run into a shitload of Karen’s and overprotective moms or negligent moms when you went there, it was no fun dealing with other kids moms.

    8
  9. RogerF – Yikes!
    Hey, I lived near Lowry AFB- late 70’s or early 80s I think. I have to ask my parents the time frame.

    Anyway, I hate to see a business close but CEC was just a magnet for trouble. They would have been sued into bankruptcy, eventually. lol

    3
  10. The News Buffoon here in Tacoma gleefully reports on which restaurant is the latest casualty of these bullshit lockdowns. The left is truly subhuman and beyond despicable.

    15
  11. A few places I’ve gone to with giant letters on their windows “WE ARE OPEN,” and walk up to a locked door at 3PM on a weekday. Drives me batty. “Reduced business hours” is what should be in huge letters.

    5
  12. The OSHA website informs employers cloth masks are basically useless.

    Cloth face coverings:

    May be commercially produced or improvised (i.e., homemade) garments, scarves, bandanas, or items made from t-shirts or other fabrics.

    Are worn in public over the nose and mouth to contain the wearer’s potentially infectious respiratory droplets produced when an infected person coughs, sneezes, or talks and to limit the spread of SARS-CoV-2, the virus that causes Coronavirus Disease 2019 (COVID-19), to others.

    Are not considered personal protective equipment (PPE).

    Will not protect the wearer against airborne transmissible infectious agents due to loose fit and lack of seal or inadequate filtration.

    Are not appropriate substitutes for PPE such as respirators (e.g., N95 respirators) or medical face masks (e.g., surgical masks) in workplaces where respirators or face masks are recommended or required to protect the wearer.

    May be used by almost any worker, although those who have trouble breathing or are otherwise unable to put on or remove a mask without assistance should not wear one.

    May be disposable or reusable after proper washing.

    https://www.osha.gov/SLTC/covid-19/covid-19-faq.html#cloth-face-coverings

    3
  13. I haven’t seen an Up-Chuck Cheese in years. A Chipolte opened up here and a second Starbutts is being built in our town. We already have too many coffee houses in town, and I do not patronize any of them. When I see checkers and baggers pulling on their masks, rubbing their masks with their bare hands then touching my stuff, I get pissed. I always ask the Nazi face mask police at the door what they’re doing to protect me from the face mask touchers. I don’t wear a mask, it causes more problems than it solves.

    5
  14. Anyplace kids go is going to be like a giant Petri dish – hell, I’ve seen plenty of adults spread their snot around one way or another..
    The prospect of walking into an elementary school turns me into Howard Hughes.
    Our society is going through changes the likes of which I doubt we’ve begun to fathom.

    4
  15. 19 small businesses in the 2 nearby towns have closed. We frequented many of them and many owners had become friends. Only one, Ruby Tuesday, was a chain. They were in trouble before the plandemic. The salad bar was the only thing worth eating because too many of the meat dishes seemed to be made of Alpo.

    As for masks, here is my latest Cleveland Clinic story. I went for another follow up with the surgeon. They require masks, take your temperature and dish out hand sanitizer. The cloth mask I made they said was useless and handed me a disposable 3 layer mask probably made in China. I expect their imported face diaper was equally useless but I also expect to be billed an obscene sum of $$$ for it.

    3

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