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18 Restaurant Chains That Have Filed for Bankruptcy

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The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by the end of October, according to estimates from the National Restaurant Association. And chain restaurants have not been immune from these closures. Some classic chain restaurants had already been facing tough times amid stiff competition from newer fast-casual restaurants, and were forced to close underperforming locations to cut their losses. The pandemic only made things worse.

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GOBankingRates rounded up all the major U.S. restaurants that have declared bankruptcy over the last year or so. Find out if your favorite spot is on the verge of extinction.

Last updated: April 12, 2021

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Krystal Holdings

  • Bankruptcy date: Jan. 19, 2020
  • Assets: $401 million
  • Restaurant(s): Krystal

Learn: 30 Sneaky Ways Restaurants Trick You Into Spending More

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Sun Capital Partners

  • Bankruptcy date: Jan. 27, 2020
  • Assets: N/A
  • Restaurant(s): Bar Louie

Don’t Miss: What’s In Store for the Restaurant Industry in 2021

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American Blue Ribbon Holdings

  • Bankruptcy date: Jan. 27, 2020
  • Assets: $14 million
  • Restaurant(s): Village Inn, Baker’s Square

Find Out: How Much Restaurants Mark Up Your Food

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Cosi

  • Bankruptcy date: Feb. 24, 2020
  • Assets: $40 million
  • Restaurant(s): Cosi
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FoodFirst Restaurants

  • Bankruptcy date: April 10, 2020
  • Assets: $307 million
  • Restaurant(s): Brio Tuscan Grill, Bravo Italian Kitchen

Find Out: Creative Ways Small Businesses Stayed Open the Past Year

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TooJay’s Management

  • Bankruptcy date: April 29, 2020
  • Assets: $50 million
  • Restaurant(s): TooJay’s Deli – Bakery – Restaurant

More: Biggest Product Flops From 20 Major Companies

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Sustainable Restaurant Group

  • Bankruptcy date: May 12, 2020
  • Assets: $10 million
  • Restaurant(s): Bamboo Sushi, Quickfish

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Garden Fresh Restaurants

  • Bankruptcy date: May 14, 2020
  • Assets: $50 million
  • Restaurant(s): Souplantation, Sweet Tomatoes
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PQ New York 9

  • Bankruptcy date: May 27, 2020
  • Assets: $3 million
  • Restaurant(s): Le Pain Quotidien

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BarFly Ventures

  • Bankruptcy date: June 3, 2020
  • Assets: $1 million
  • Restaurant(s): HopCat, Stella’s Lounge, Grand Rapids Brewing Co.
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CEC Entertainment

  • Bankruptcy date: June 25, 2020
  • Assets: $1.7 billion
  • Restaurant(s): Chuck E. Cheese

Read: 25 Companies Making the Most Money From Coronavirus 

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Luxury Dining Group

  • Bankruptcy date: July 3, 2020
  • Assets: $10 million
  • Restaurant(s): Fig & Olive
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Golden Gate Capital

  • Bankruptcy date: July 29, 2020
  • Assets: $13.5 million
  • Restaurant(s): California Pizza Kitchen

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K.G. IM LLC

  • Bankruptcy date: July 30, 2020
  • Assets: $50 million
  • Restaurant(s): Il Mulino

See: 12 Most Expensive Meals in the World

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Garbanzo Mediterranean Grill

  • Bankruptcy date: Aug. 12, 2020
  • Assets: 1 million
  • Restaurant(s): Garbanzo
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Cosmoledo

  • Bankruptcy date: Sept. 10, 2020
  • Assets: $10 million
  • Restaurant(s): Maison Kayser
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Sizzler USA

  • Bankruptcy date: Sept. 21, 2020
  • Assets: $1 million
  • Restaurant(s): Sizzler
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NRD Capital Management

  • Bankruptcy date: Oct. 7, 2020
  • Assets: $146 million
  • Restaurant(s): Ruby Tuesday

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    Jordan Rosenfeld contributed to the reporting for this article.

    Please note photos are for illustrative purposes only. Some photos are representational and might not depict the restaurant chains listed in this article.