These 53 Restaurant Chains Are on the Brink of Disappearing Entirely.... buffets are about done

This shit here was wild. The podcast Business Wars did a series on Quiznos vs Subway......

Basically some wall st bro and his dad bought out the creator and owner of Quiznos.....

Had aspirations to take it nationwide like Subway and then take them out.....

So they had a really low franchisee fee.......but the catch was, in the contract you agree to buy EVERYTHING from his other company......stationary / supplies and most importantly FOOD.

just before the bubble burst of 2008 Franchise owners were complaining that they could buy food at the local grocery store or even Target and get better prices than from their supplier.....

Then the whole corporate not reimbursing Franchises for free food coupons they released suddenly.....

Subway came through with a Bud Crawford right hook and finally started "toasting" their own subs finally..

Quiznos went from over 3000 stores to less than 1200 in 2 or 3 years


That Business Wars podcast is great. I’ve listened to a handful of their series and plan on checking out more in the next year or two.
 
You did an Excellent job of putting this post together.

Thank you!



Side note:

McDonald's Enterprise Value: 243.25B for Aug. 4, 2023 - YCharts



Is McDonald's technically a real estate company?


McDonald's is one of the biggest real estate companies in the world. It owns or leases more than 38,000 restaurants in over 100 countries and has a portfolio worth an estimated $30 billion.Jan 4, 2023
 
Man I miss Perkins and Ponderosa. And in my area buffets have totally died. We have a golden corral here but the people I know hate it. Old country buffet and some others died.
 
Some on that list I can't even believe they still in biz, I haven't seen or heard of some in over 20yrs.

I suppose a lot of it is about locale, but also Covid put a nail in many coffins.
 
Evidence the Boston Market is on those ropes..... on its knees attempting to pull itself back up.... I'm like wtf?, not paying employees to this extent
sidebar: having Trukeys the same size as a big Costco rotisserie chicken didn't help either, their chickings are the size of rock cornish game hens....:smh::hmm:

New Jersey orders 27 Boston Market locations to close



NEW JERSEY -- New Jersey ordered more than two dozen Boston Market locations to close Tuesday because regulators found "multiple violations of workers' rights," including failure to pay wages, and fined the restaurant chain nearly $2.6 million.

In a release, the New Jersey Department of Labor and Workforce Development said it issued 27 "stop-work" orders to Boston Markets across the state because the agency found more than $600,000 in back pay owed to 314 workers and $1.2 million in liquidated damages.

The nine-month long investigation followed complaints from at least three dozen Boston Market employees that the company failed to pay minimum wage, to pay earned sick leave and to maintain records for earned sick leave.

"With restaurants across the country, Boston Market needs to set a better example for fair treatment of its workers," said Joseph Petrecca, assistant commissioner of NJDOL's Division of Wage and Hour and Contract Compliance, in the statement. A full list of locations are available on NJDOL's website.

The privately owed chain was also slapped with an additional $1.2 million in liquidated damages and $570,000 in administrative fees and penalties.

Boston Market didn't immediately respond for comment.

NJDOL said it's monitoring the locations where the stop-work orders are and the chain could be fined an additional $5,000 per day if they reopen. The order could be "lifted if and when any remaining back wages and penalties have been paid and all related issues have been resolved," the agency said.

Troubles at Boston Market​

Boston Market has struggled since it was acquired three years ago by Engage Brands, part of the Rohan Group of Companies.

The chicken chain is dealing with is a $12 million lawsuit from food distributor US Foods alleging that Boston Market owes it $11 million in unpaid bills from the past two years. That's on top of other lawsuits from landlords and more back pay issues in Arizona and Massachusetts.

Boston Market had more than 1,000 locations across the United States just a few years ago. That has shrunk dramatically, and it's now down to just about 300.



 
Take all that shit but Golden Corral. Real talk. Arby sucks ass son. For real. Also one of the nastiest places to eat period. The health inspector said if you eat there you're flirting with death!
 
Evidence the Boston Market is on those ropes..... on its knees attempting to pull itself back up.... I'm like wtf?, not paying employees to this extent
sidebar: having Trukeys the same size as a big Costco rotisserie chicken didn't help either, their chickings are the size of rock cornish game hens....:smh::hmm:

New Jersey orders 27 Boston Market locations to close



NEW JERSEY -- New Jersey ordered more than two dozen Boston Market locations to close Tuesday because regulators found "multiple violations of workers' rights," including failure to pay wages, and fined the restaurant chain nearly $2.6 million.

In a release, the New Jersey Department of Labor and Workforce Development said it issued 27 "stop-work" orders to Boston Markets across the state because the agency found more than $600,000 in back pay owed to 314 workers and $1.2 million in liquidated damages.

The nine-month long investigation followed complaints from at least three dozen Boston Market employees that the company failed to pay minimum wage, to pay earned sick leave and to maintain records for earned sick leave.

"With restaurants across the country, Boston Market needs to set a better example for fair treatment of its workers," said Joseph Petrecca, assistant commissioner of NJDOL's Division of Wage and Hour and Contract Compliance, in the statement. A full list of locations are available on NJDOL's website.

The privately owed chain was also slapped with an additional $1.2 million in liquidated damages and $570,000 in administrative fees and penalties.

Boston Market didn't immediately respond for comment.

NJDOL said it's monitoring the locations where the stop-work orders are and the chain could be fined an additional $5,000 per day if they reopen. The order could be "lifted if and when any remaining back wages and penalties have been paid and all related issues have been resolved," the agency said.

Troubles at Boston Market​

Boston Market has struggled since it was acquired three years ago by Engage Brands, part of the Rohan Group of Companies.

The chicken chain is dealing with is a $12 million lawsuit from food distributor US Foods alleging that Boston Market owes it $11 million in unpaid bills from the past two years. That's on top of other lawsuits from landlords and more back pay issues in Arizona and Massachusetts.

Boston Market had more than 1,000 locations across the United States just a few years ago. That has shrunk dramatically, and it's now down to just about 300.





Their food is good but expensive.
 
Back
Top