Summary
Many restaurants across the U.S., including some large chains, are closing or planning to close in 2025. This occurs even though the fast-casual restaurant market is expected to grow significantly. Restaurants like Hooters and On The Border have filed for bankruptcy and are shutting down multiple locations.
Key Facts
- Restaurants in the U.S. are closing, including chains like Hooters and Wendy’s.
- The fast-casual restaurant market is expected to grow from 2025 to 2029, adding $84.5 billion in revenue.
- In January 2025, restaurant sales reached $98.6 billion, up 5.4% from the previous year.
- These closures impact jobs and communities that rely on these businesses.
- Hooters has filed for bankruptcy and closed at least 30 locations in 2025.
- On The Border Mexican Grill entered Chapter 11 bankruptcy and closed 77 locations.
- Wendy’s plans to close a “mid-single-digit percentage” of its U.S. stores, approximately 300 locations, starting late 2025.
- Other chains like Jack in the Box and Abuelo’s have also announced closures.
