CORPORATE GUANO CLOSINGS 




ANTHONY BORDAIN


SURVIVAL


😇  YOU CAN ONLY SURVIVE IN THE FOOD BUSINESS IF:

  • Your food is good, that means taste, texture, and portion size…
  • If the service is good, well trained and on time
  • The style or culture of your food is within traditional or current trends…
  • Your costs and retail pricing is within consideration…
  • You can re-market yourself…if needed… listen to suggestions…from the help…
  • Pay attention and listen to your customers…
  • Get rid of bad employees… pay the good ones…
  • Get rid of bad management even if it’s a relative…
  • Pro-active thinking


👺  FAILURE IS HIGH ON THE CORPO GUANO LEVEL

  • Chains shut down restaurants for all sorts of reasons…like a glutted market…
  • The location may not be so great. LOCATION, LOCATION, LOCATION
  • The chain itself may be going downhill because of changing consumer tastes.
  • The entire enterprise was not thought out and basically bean counters running the show, not chefs
  • Bosses have too many incompetants on the payroll…


😰CURRENT FAILURES 2019

  • Taco Bell  - Taco Bell is ringing the closing bell at some restaurants.   2019 closings: 6
  • McCormick & Schmick’s  - 2019 closings: 6  It was purchased in 2012 by Landry’s, the owner of Bubba Gump Shrimp Company, Rainforest Cafe, Morton’s The Steakhouse and other dining brands.
  • Roy Rogers - 2019 closings: 7  The Roy Rogers chain has been fading off into the sunset.
  • Red Robin - 2019 closings: 10 that are in struggling malls
  • O’Charley’s - 2019 closings: 14
  • Ruby Tuesday - 2019 closings: 18  The Ruby Tuesday chain has been dwindling
  • Kona Grill  -  Kona Grill expanded too fast…. 2019 closings: 19
  • Applebee’s  -  2019 closings: 20 or more Applebee’s is having a hard time keeping up  135 to go
  • Friendly’s - 2019 closings:    23 Business hasn’t been very good at Friendly’s.
  • Steak ’n Shake - Steak ’n Shake is hoping to undo some of its recent closings… 2019 closings: 46  first three months of 2019, the chain shut down nearly 50 restaurants, people found out their steakburger is a fraud
  • Starbucks  -  2019 closings: 150
  • Burger King  -  2019 closings: Up to 250  - The home of the Whopper has been closing at least 100 restaurants per year, but more than double that number could leave the king’s realm in 2019.
  • Subway  - 2019 closings: More than 1,100  In 2016, the sandwich chain closed more U.S. locations (359) than it opened. It continued to struggle in 2017, and shut down 866 shops. That ballooned to more than 1,100 in 2018, and there appears to be no end in sight.   So suspect the foods not as fresh as stated.



LEGACY DIVISION   


Big Boy    Rainforest Cafe    Quiznos     Baja Fresh     Tony Roma’s   TCBY    Roy Rogers  

Kenny Rogers Roasters    Blimpie’s    Chi-Chi’s    Bennigan’s   Arthur Treacher's Fish & Chips

Ground Round    Dog n Suds     Planet Hollywood    Country Buffet     Chock Full O'Nuts

Chicken Delight    Gino’s Hamburgers     The Brown Derby   Kewpee    York Steak House

Don Pablo’s   Damon’s Grill    Ollie’s Trolley    Howard Johnson’s