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24/7 Wall St.: America's Disappearing Restaurant Chains

Damon’s Grill & Sports Bar

Change in sales (2001-2010): -69.8 percent
Sales 2001: $284.84 million
Sales 2010: $86 million
Change in units (2001-2010): -72.3 percent

Damon’s, which is headquartered in Columbus, OH, is an American-style restaurant that “emphasizes prime rib, grilled steaks, chicken, seafood, salad and Damon’s award-winning ribs.” The restaurant, which also positioned itself as a sports bar, ran into tough times in 2006 as the quality of home entertainment improved enough to keep sports fans at home. This was an aspect of the business the restaurant depended on. The chain had 137 restaurants in 2001, but only 86 in 2007. The company has begun reformatting its restaurants, altering their interiors, menus, and logo. Today, however, there are only 38 Damon’s.

(Photo Credit: http://www.flickr.com/photos/buckaroobay/4179288134/)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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