Sizzler Files for Chapter 11 Bankruptcy

Sizzler Declares Bankruptcy

Once-iconic fast-casual operator Sizzler USA announced today that it has filed for Chapter 11 bankruptcy, citing the hardships caused by COVID-19 as the reason.

Based in Mission Viejo, Calif., the chain started in 1958 in Culver City. It has 14 corporate-owned locations and another 93 franchised stores. The company said its goal is not to close any restaurants while it renegotiates rent on existing leases, according to Eater LA.

Sizzler also filed for Chapter 11 in 1996, and also cited lease rates at that time, and closed over 130 of its locations. The company reemerged from Chapter 11 in 1997.

Noted for its signature salad bars, the chain helped popularize that style of service in the 1970s, though today many operators question the ability for salad bars to survive after COVID-19.

 

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

From Food Trucks to French Restaurants — The Pandemic’s Toll By the Numbers

More than 79,000 US food establishments have permanently shuttered since the start of the coronavirus pandemic.

Read More...

Polyurethane Shortage Among Manufacturers’ Myriad Burdens

In a one-two punch, businesses still reeling from the coronavirus pandemic are up against a new, looming challenge brought about by last month’s severe winter storms.

Read More...

What Surveys Say About Consumer Dining Behavior 1 Year Into the Pandemic

Food temperature and sanitation expectations as well as off-premise demand may outlast the pandemic, according to recent research findings.

Read More...