And here I thought they were doing good business. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Sizzler has been an iconic buffet joint for families all across the country for decades, but with another restaurant closing down in NSW, we are losing hope for its future. Subscribe for $4.95 per issue Signs posted at the restaurant at 4085 Cameron Park Drive attribute the closure to the impact … Following on from the announcement that the restaurant in Toowong would close, it leaves only a few of the establishments left standing, with Sydney, for example whittled down to only one left in Campbelltown.
I was heartbroken when I learned that it was closing down. Sizzler, the once popular all-you-can eat family restaurant chain, has lost its sizzle. You can find out more about our policy and your choices, including how to opt-out Iconic restaurant chain Sizzler has announced it is closing another of its Australian branches - leaving just nine stores remaining Down Under. Sort by. Anyone know why they're closing shop? This thread is archived.
Went for an 11 o'clock lunch only to find out that these glorious bastards are shutting down! share. Trends expert, Dr Lauren Rosewarne, said that Sizzler failed to keep up with consumer demands like the cult-like status of celebrity culinary figures and new initiatives like food trucks. save hide report. Revenue was down 22% to $50.8 million for Sizzler restaurants, with two fewer restaurants over the year, leaving just 13 open in Australia. My family took me to Sizzler when I was a kid, back when Canberra still had one. New comments cannot be posted and votes cannot be cast. The Sizzler Annerley in Brisbane's south is serving its last plate from its buffet-style eating, wrapping-up years worth of its touted It's the latest to be given the gong in a long line of Sizzler restaurant closures, with the brand's owner, Collins Foods, only having wrapped-up the operation of another Brisbane Sizzler at Brookside months ago. 44 comments. But why are they all closing down now? D-Day for Sizzler Annerley is Sunday 2 July, after which time the site will be open to repurposing. Another restaurant has been given the chop! Collins, which also owns KFC stores, has written down the value of the Sizzler brand by $37.5 million amid falling revenue as it struggles to compete with an explosion of cheap family dining options.
86% Upvoted. Get your mag delivered!-Save 29% off the cover price! Invalid postcode. If we love Sizzler so much, what went wrong? That’s not what families are looking for, and it has been something of a slow death for Sizzler.”He said the key challenge for Collins was to create growth in its KFC chain.“Its same store sales growth is good but they are going to have to demonstrate that there is sufficient opportunity for expansion and I think the market is waiting to see a little bit more success there,” he said.KFC same store sales, which strips out store openings and closures, were up 4.8 per cent from a year ago, while Sizzler’s slumped by 8.5 per cent.Collins operates 172 KFC stores and has 61 franchised Sizzler restaurants around Asia.The company plans to open eight new restaurants and revamp another 18. Sorry we couldn't find a match for that, please try again Sizzler Inc. has permanently closed in Cameron Park. This is also known as Online Behavioural Advertising.
Subscribe for $4.95 per issue best. Carindale Sizzlers is closing down 12 March. It's the latest to be given the gong in a long line of Sizzler restaurant closures, with the brand's owner, Collins Foods, only having wrapped-up the operation of another Brisbane Sizzler at Brookside months ago. Its owner Collins Foods says it won’t be investing in the chain any more and will close a number of restaurants after deciding Sizzler was no longer a key part of the company’s future.Collins, which also owns KFC stores, has written down the value of the Sizzler brand by $37.5 million amid falling revenue as it struggles to compete with an explosion of cheap family dining options.Chief executive Graham Maxwell said the closures are expected to cost about $900,000, however he declined to say how many of its 26 Sizzler restaurants across Australia will go.The Sizzler writedown dragged Collins into the red, with the company posting a $10.4 million loss for the year to March 3, compared to a $14 million profit a year ago.However, Mr Maxwell said Sizzler was expected to generate positive underlying earnings in 2015/16.“We believe we have taken the necessary course of action to allow the company to pursue attractive growth opportunities,” he said.“There are a number of Sizzler stores that are very profitable so we will assess each one individually.”He said the closure plans won’t affect Sizzler Asia, with Collins planning to open two new restaurants in Thailand and expand the restaurant chain further in China.Shares in Collins Foods rose seven cents to $2.73 as investors focused on the group’s 37 per cent rise in underlying profit to $24.6 million, which excludes the Sizzler writedown.Motley Fool Australia research analyst Scott Phillips said Sizzler - famous for its cheese bread and food buffets - was a huge hit when it burst onto the Australian dining scene about 30 years ago.“Sizzler was at the vanguard of family dining when they came out but as other stores popped up they failed to remain relevant,” he said.“It became too expensive.
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