Burger King
This fast-food chain’s main competitors are Wendy’s and McDonald’s. Burger King recently announced it would be shutting down 200 to 250 underperforming branches, which is an increase compared to the 100 to 150 restaurants it had been shutting down each year before. The burger chain has been around for some time and was founded in 1966. Originally named as “Insta-Burger King” in Jacksonville, Florida, its headquarters is now in Miami, Florida. Even though Burger King still has 17,800 restaurants operating in the country now, its future is uncertain, which is evidenced by the increase in the rate of closures.
Burger King
IHOP
IHOP means International House of Pancakes and it is a breakfast restaurant chain owned by Dine Brands Global, which is also the parent company of Applebee’s. Out of all the Dine Brands Global’s branches, 99% operate as independent businesses. In 1958, IHOP was founded in Los Angeles, and its headquarters is still in California. Recently, the Waffle House nemesis has announced changes to its list of stores and that they would be shutting down several hundred branches – though many could possibly reopen soon. IHOP has 32,300 employees in total and reported a $350 million revenue roughly a decade ago.
IHOP
