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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)

More From 24/7 Wall St.:
9 Beers Americans No Longer Drink
The Cities Where Violent Crime is Soaring
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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