Is Cheddars Going Out of Business – Real or Rumors
No, Cheddar’s is not going out of business. While some branches have closed due to underperformance, the chain remains operational, with many locations still open. Cheddar’s Scratch Kitchen is a food chain based in Texas, America. The name of the parent organization of Cheddar’s Scratch Kitchen is Darden Restaurants.
In this article, we will explore the reasons behind the recent closures and address rumors about Cheddar’s, providing all the important information regarding Cheddar’s Scratch Kitchen.
Is Cheddars going out of business? Where did the rumor come from?
The rumors about Cheddar’s going out of business likely started when some locations closed in January 2024. This led people to believe that the entire chain might be shutting down. However, while Cheddar’s has closed specific underperforming branches, the chain remains operational, with many restaurants still open.
Is Cheddar’s Scratch Kitchen Facing Financial Troubles?
The recent closure of some branches indicates the underperformance of certain locations within the chain. However, new branches are also opening in various locations. Without access to their financial reports, it’s difficult to make definitive statements about the overall state of the business.
Are Cheddar’s Scratch Kitchen branches at some locations closed?
Yes, some branches closed as of January 2024. Last year, in July 2023, there were reports that they were also planning to open new branches. However, they had to close some locations in January due to underperformance.
What is Cheddar’s Scratch Kitchen?
Cheddar’s Scratch Kitchen started as Cheddar’s Casual Café in 1979 in Irving, Texas. It was founded by Aubrey Good and Doug Rogers. By 2018, the chain had grown to over 170 locations in 28 states.
Who is the Owner of Cheddar’s Scratch Kitchen?
John Wilkerson is the president of Cheddar’s Scratch Kitchen. As of January 2024, there are 185 company-owned and franchise locations of Cheddar’s Scratch Kitchen.
Cheddar’s Scratch Kitchen: History and Business Models
Cheddar’s initially aimed to offer casual dining focusing on scratch-made dishes. By 1995, it had ten locations, and by 2003, it had earned $150 million from 42 restaurants. The company changed ownership several times, including investments from Brazos Private Equity Partners in 2003 and later acquisitions by Oak Investment Partners and Catterton Partners in 2006.
In 2015, it rebranded as Cheddar’s Scratch Kitchen to emphasize its commitment to fresh, scratch-made food, updating its logo, signage, and menu. In 2017, Cheddar’s was bought by Darden Restaurants for $780 million, joining brands like Olive Garden and LongHorn Steakhouse, which helped it expand further.
What business model does Cheddar’s Scratch Kitchen follow?
Cheddar’s Scratch Kitchen focuses on “scratch cooking,” meaning over 90% of its food is made in-house from scratch. This includes hand-breaded chicken tenders and freshly baked pies. The restaurant employs many cooks to prepare meals fresh daily, setting it apart from other casual dining chains.
How did the recent closure of branches of Cheddar’s Scratch Kitchen affect the customers?
Some of Cheddar’s Scratch Kitchen locations have closed, which might disappoint loyal customers. However, with many other Cheddar’s locations still open, you can continue to enjoy your favorite scratch-made dishes. If you’re a loyal customer, you can still visit and enjoy their food. Even with recent closures, new branches are opening, so finding a location near you won’t be a problem.
Final Words
The rumors are true to some extent that Cheddar’s Scratch Kitchen has closed some of its branches in specific locations. However, they are not going out of business. The chain is still successfully operating more than 180 branches.
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