53 Restaurant Chains Are On The Brink Of Disappearing Entirely
As the COVID-19 pandemic continues to rage on, many restaurants have been forced to close their doors due to financial difficulties. According to a recent article by Business Insider, 53 restaurant chains are currently on the brink of disappearing entirely.
The Impact of the Pandemic on the Restaurant Industry
The restaurant industry has been hit particularly hard by the pandemic. With restrictions on indoor dining, many restaurants have had to rely on takeout and delivery orders to stay afloat. However, these orders often come with added fees from third-party delivery services, which can eat into already slim profit margins.
Restaurants have also had to contend with increased costs of PPE, cleaning supplies, and other measures to keep their employees and customers safe during the pandemic. Combined with reduced revenue, these costs have made it difficult for many restaurants to stay in business.
53 Restaurant Chains That May Not Survive
According to the Business Insider article, 53 restaurant chains are currently at risk of disappearing entirely. These chains include both sit-down and fast-food restaurants, as well as smaller and larger chains.
Some of the chains on the list include Ruby Tuesday, Sizzler, Souplantation, and Chuck E. Cheese's. These chains have already filed for bankruptcy or are in danger of doing so.
Other chains on the list include TGI Fridays, P.F. Chang's, and IHOP. While these chains are not in immediate danger of disappearing, they have all reported significant financial losses due to the pandemic.
What Can You Do to Help?
If you're a fan of any of the restaurant chains on the brink of disappearing, there are a few things you can do to help. First and foremost, order takeout or delivery from these restaurants. Many restaurants have also started offering gift cards and merchandise, which can provide immediate revenue.
You can also support your local restaurants by ordering takeout or delivery from them. Many small, independent restaurants are struggling to stay in business, and every order can make a difference.
Finally, you can lobby your elected officials to provide more financial assistance to restaurants. The restaurant industry is a major employer in the United States, and the loss of so many restaurant chains could have a significant impact on the economy.
Conclusion
The pandemic has had a devastating impact on the restaurant industry, and many restaurant chains are currently at risk of disappearing entirely. If you want to help, order takeout or delivery from your favorite restaurants, and lobby your elected officials to provide more financial assistance to the industry.