Restaurant Chains That Are Closing Branches In 2020

Published on 06/04/2020
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MOD Pizza

The pizza chain specializes in make-your-own salads and individual artisan pizzas. In the past years, MOD Pizza has had a lot of changes, raising $33 million in equity in 2018 and breathing new life into the chain. However, it is still closing a number of underperforming branches, such as the location in Centerville, Ohio. MOD currently has over 400 locations in America since the opening of its first flagship store in Washington in 2008. It is headquartered in Bellevue, Washington and has stores in the United Kingdom.

MOD Pizza

MOD Pizza

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Five Guys

The popular fast-casual dining chain Five Guys Burgers & Fries serves hamburgers, fries, hotdogs, and other classic American food. Five Guys Enterprises, LLC. was founded in Virginia in 1986, and it has hundreds of locations in the Midwest and on the East Coast. It has shut some underperforming locations, though it is financially stable, as what its parent company, Five Guys Holdings, Inc., said. It has 15,000 employees and brings in a $57.68 million net income. As of 2016, its revenue is $831.95 million and is growing.

Five Guys

Five Guys

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