Fuddruckers Goes Bankrupt

Sorry, burger lovers. Fuddruckers’ parent company is bankrupt.

The chain, which specializes in mega-sized burgers, is closing 24 restaurants and at least 135 will remain open. The owner, Magic Brands, also operates 13 Koo Koo Roo chicken restaurants in California.

We only know of one confirmed closing, in the Kansas City area. According to this list, Fuddruckers was the 108th most successful restaurant chain in the US. What went wrong?

ALSO: Why Five Below Has Above-Average Ambitions: Q&A With Five Below

6 Responses to “Fuddruckers Goes Bankrupt”

  1. 1 Doug April 22, 2010 at 8:40 am

    Fuddy’s was on their way out three years ago. Interesting Smash Burger and Five Guys are still extremely healty earnings and cranking. Burger King was considered DOA back two years ago much like many rumors were floating the McD’s was coming a part back in 2000. Meanwhile, In and Out, even with all the in-fighting and drama, still quietly goes about its business.

  2. 2 greg furrier April 22, 2010 at 10:17 am

    great for brokers!, Im guessing they will reject the lease on a great vacant site across from a regional mall here in Tucson. the concept is actually very good and the food quality is great, Im actually surprised they filed, but they will be back..

  3. 3 Tahitijack April 22, 2010 at 11:03 am

    Most of the burger chains have been on a roller coaster for the past few decades. Out West Carl’s Jr is up for sale. It has a consistant track record of up and down financials = growth and slowdown. I am among those who are suprised Fuddy is still around after peaking about 1990. It’s regional rival “Flaky Jakes” was fast up and just as fast…out in the early 90’s.

  4. 5 Jeffrey Bowen April 22, 2010 at 6:37 pm

    The reason why all of chains fail is because of operating costs.

    In my opinion commercial lease prices, rising energy costs and insurance rates are killing off restaurants.

    Chains always seem to overpay per square foot on leasing and it kills the business.

    Sometimes it is better for Corporations to own property instead of lease it.

  5. 6 James April 23, 2010 at 9:29 am

    Thier food was great but verging on lethal, this is a move that may actually save lives and keep healthcare costs down!

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