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

4. Damon’s Grill & Sports Bar

Pct. of stores closed: 78.1%
Total stores: 30
Stores closed: 107
2011 sales: $70 million
Pct. decline in sales: -75.4%

Damon’s was founded in 1979 and is currently based in Columbus, Ohio. It “is a leading full-service, casual dining restaurant concept” with locations in the Midwest and Southeast United States, as well as in the United Kingdom. The chain, which is part of the struggling full-service barbecue restaurant segment, filed for bankruptcy in 2009. According to Tristano, other restaurants have increasingly offered much of the food found on a Damon’s menu. As of 2011, Damon’s had just $70 million in sales, down more than 75% from 2001 when it had nearly $285 million in sales.
(PRNewsFoto/Damon Grill)

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10 Brands That Will Disappear in 2013

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

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