These Restaurant Chains Probably Won’t Make It Through the Year

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Like with retail, the restaurant industry is struggling to stay afloat.  Some brands were already having a tough time as Millennials have moved away from some legacy nationwide chains toward locally-owned operations. That means brands like Applebee's, Checkers and Rally's, and Ruby Tuesday are having a tough go of it. Themed chains seem to have lost their appeal as well. Joe's Crab Shack and Fuddrucker's used to be staples of family vacations, as they are located in traditional "getaway" destinations. These places, too, have been on a downturn.

Others have been impacted by the lastest worldwide health crisis. Golden Corral is famed for its extravagant buffet. But when patrons are barely able to visit restaurants for health reasons (to say nothing of the open-for-all nature of buffets), you can imagine that the bottom lines of businesses like Gold Corral have been impacted. 

Anyone who loves these restaurants should get all they can before they're gone!

Krystal’s is a southern company that seemed almost untouchable. This White Castle-esque fast food restaurant chain has 360 locations, but it seems like that number is getting smaller and smaller every year. Then, we all realized why.

Krystal’s

Not too long ago, Krystal’s filed for bankruptcy due to being in debt. It owed anywhere between $50 to $100 million (the actual number hasn’t been reported). The company issued a statement that claimed restaurants would remain open, but we all know how quickly things can turn. 

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Did you know...

  • Once you've handled all your money, you should probably wash your hands. Money is some of the dirtiest things that we own. In fact, it's been found to be dirtier than a household toilet! During flu season, the virus can live on a bill for up to 17 days. That's just plain disgusting!
  • There are over 1.6 million automated teller machines around the world. And that really does mean the entire world. There are even two ATMs on Antarctica at McMurdo Station operated by Wells Fargo. Friday is the most popular day that ATMs are used worldwide, and the average withdrawal is around $80.
  • Do you know what the lifespan of U.S. currency is? The higher the denomination, the longer it stays in circulation. Both $50 and $100 bills last 9 years. The $20 sticks around for 4 years. $10 bills circulate for 3 years. The $5 bill has a 2-year lifespan, and the $1 bill only lasts around 18 months before being retired. Coins last around 30 years.
  • The most expensive hotel room in the world (the Royal Penthouse Suite at the Hotel President Wilson in Geneva, Switzerland) costs $83,200 a night. That's $58 per minute for a stay! Good thing it has 12 bedrooms, 12 baths, a wraparound terrace, a Steinway piano, and an assigned private staff (including a chef)!
  • When it comes to counterfeiters, North Korea are pros. They have gotten so good at counterfeiting American currency (particularly the $50 and $100 bills) they their fakes are known as "superdollars." They require specialized Federal Reserve equipment to be identified. There are $45 million worth of North Korean fakes…that we know of.