Some Of These Restaurants Have Decided To Shut Down And Here’s Why

Published on 12/11/2020
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Del Taco

Del Taco was established in 1960. they were known for their burgers and fries, and even it was a Mexican-inspired restaurant. Del Taco was well-known in the West and Southwest areas. Currently, it has 564 restaurants, but this year, they decided to close down some stores. In 2015, Levy Acquisition became the owner of Del Taco. The expansion plan did not succeed, but they still got a decent income.

Del Taco

Del Taco

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Applebee’s

Applebee’s was linked to IHOP, which was why it would close down the branches. Applebee’s had 1,830 restaurants across the globe, and some of them were franchised. Currently, the restaurant did not have good revenue as they were before. Applebee’s had $2.5 billion in revenue while its assets were $935 million and had 28,000 employees.

Applebee’s

Applebee’s

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