Luby’s
Some might know the restaurant named Luby’s Koo Koo Roo, Fuddruckers, and Cheeseburger in paradise, but it all came from Luby’s. In 1947, the restaurant’s original name was Luby’s Cafeteria, and it gained a profit of $6.6 million. Years later, they decided to change the name. Luby’s told the public that they would close 83 branches that did not perform well.
Steak ‘N Shake
In 1934, the first Steak’ N Shake was created in Normal, Illinois. It had its branch in America, Southwest Europe, and the Middle East. Currently, the franchise had 628 chains, and 214 of them were franchised. However, the company was looking for a franchise partner. At the moment, they decided to shut down some of their restaurants.