Howard Johnson’s
Howard Johnson’s is a chain of hotels and motels located in Canada and the United States, but before being like that, Howard Johnson’s used to be a well-known restaurant company. It was established by Howard Deering Johnson, himself, in the middle of 1954. It used to be very successful, with a total of 1,000 branches in America. Well, because of several factors that affected the company’s financial stability, its branches closed one by one.
Houlihan’s
Houlihan’s is a casual restaurant and bar company that was established in the middle of 1972 in Kansas City, Missouri. The restaurant started great; however, it faced several financial problems that brought a massive impact on their company. As of today, they are in debt of $50,000,000, and that is the reason why they are suddenly closing a lot of branches from different locations – to cut some expenses.