Sizzler, one of America's first steakhouse chains, files for bankruptcy

[Yo_Mama_Been_Loggin]

Sizzler USA, one of the country's first casual restaurant chains, has filed for bankruptcy.

The 62-year-old company said it filed for Chapter 11 because of Covid-19, which forced it to temporarily close its restaurants' dining rooms. Sizzler USA also had problems paying rent.

The filing is only for Sizzler's 14 company-owned restaurants -- not its international locations or more than 90 franchised US restaurants. Sizzler explained in a press release that it's using the bankruptcy process to reduce debt and renegotiate its leases.

"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," said Sizzler President Chris Perkins in a statement. The company aims to exit bankruptcy in about 120 days and company-owned locations will continue to operate.

https://www.msn.com/en-us/money/companies/sizzler-one-of-americas-first-steakhouse-chains-files-for-bankruptcy/ar-BB19ikLg?ocid=NL_ENUS_D1_20200922_6_2

I didn't know they were still around. None in my area.

[soothsayer]

1. Gosh same here! No idea they existed still

[Initech]

2. I had no idea Sizzler was still a thing.

There's only one in my neck of the woods and that's all that I know of.

[AllaN01Bear]

3. snap , i wanted 1 where i lived . krum

[BlueTsunami2018]

4. I haven't seen a Sizzler in twenty-five years.

I had no idea they were still around.

[Codeine]

5. Ironically, when I adopted a vegan diet

in the late 80s Sizzler was one of the main places I could get a decent meal on the road as they were going through a phase where they had large salad bars with a decent selection. They were everywhere back then.

[Sherman A1]

6. Sorry to see that but

more of the Covid fallout.

[SWBTATTReg]

7. Gosh, I'm sorry to hear this. This was one of our favorite buffet type restaurants around, had a ..

wonderful salad bar, and all of the trimmings, and then of course the meals themselves. I wish them the best, so many of these types of places have closed over the years.