Sizzler has filed for bankruptcy because of COVID-19.
Sizzler's fallen victim to COVID-19 -- the pandemic is forcing the joint to file for bankruptcy in what could be a bad omen for lots of chain restaurants.
One of the country's first casual restaurant chains has filed for Chapter 11 ... forcing 14 company-owned restaurants to close their doors as they struggle to pay rent during the pandemic. Dozens of other locations -- including more than 90 franchised restaurants in America -- are not part of the bankruptcy plan.
Chris Perkins, Sizzler USA's president, said,"Our current financial state is a direct consequence of the pandemic's economic impact due to long-term indoor dining closures and landlords' refusal to provide necessary rent abatements. The hope, Perkins added, is for the company to exit bankruptcy in about 120 days and re-open the locations.Helen Johnson
opened it as"Sizzler Family Steak House." Back then ... Sizzler's steak ran you a cool 99 cents. The good 'ol days, eh?
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