Boston Market, once deemed a worthy competitor in the fast-casual restaurant space, has suffered in recent years, and as delectable as that fall-off-the-bone rotisserie chicken might be, a lot has gone wrong for this once-prominent chain. Here are all the reasons Boston Market is disappearing.
In the early ‘90s, the chain then known as “Boston Chicken” rocketed to fame and fortune with an aggressive expansion strategy that was built on a house of lies. Essentially the company would loan money to potential franchisees, who would then use that money to pay the company a franchise fee, along with other costs, including interest on the loan.
The parent company then reported all this income as pure profit, leaving the franchisees to bear the burden of startup costs. As a result, individual franchises suffered while the home office reported record growth and profit. This allowed them to launch a stock offering in 1996 which saw the price of shares double in a single day, and then double again before the end of the year.
Since the profit model was based on constant expansion, you can guess what happened. The market reached saturation, struggling franchisees couldn’t repay their loans, and suddenly the whole thing collapsed. In 1998, the company declared bankruptcy and was forced to close over 700 locations.
#BostonMarket
Hub of the chickenverse | 0:16
Enter the Hamburglar | 1:10
A game of chicken | 1:53
Marketing missteps | 2:19
They’re pretty low on atmosphere | 3:05
The menu is old fashioned | 3:30
More info on The Real Reason Boston Market Is Disappearing Across The Country
-
The real reason women can't read maps
Now a team of scientists have concluded that there are very real biological reasons behind the cause of numerous in-car arguments. The researchers claim that 'spatial intelligence' is seriously ...
-
Why So Few Women And Minorities At The Top? Here's The Real Reason
it simply won’t win long-term in the market.” Indeed, Yoshino notes that even straight white males are negatively affected by the phenomenon of covering. “More than 50% of straight white men ...
-
Five Reasons The Lakers Are The Real Deal
Opinions expressed by Forbes Contributors are their own. I write about the NBA. In his first season directing the team, Walton has made his bosses look like geniuses. Considering their hiring ...
-
This Is the Real Reason Alphabet Stock Looks Cheap (and It's Not ChatGPT)
Maintaining a high growth rate will be more difficult as the digital ad market matures ... cheap even before ChatGPT came on the scene. The reason has to do more with the future of its advertising ...
-
The Real Reasons Hooters Locations Are Disappearing
Why is this famous "breastaurant" seeing so many locations shutting down for good? The reasons are many and some of them are multi-layered, so let's look at the issue in a step-by-step way.
-
The Real Reasons Hooters Locations Are Disappearing
The reasons are many and some of them are multi ... new restaurant locations to take the chain from 130 to 150 in total across the U.S. RELATED: 11 Hooters Copycat Restaurants You Never Knew ...
-
Want to Invest in the Real Estate Market With Less Stress? Try This REIT.
Invitation Homes is the largest single-family rental REIT, with more than 80,000 homes across the country ... in the 1960s to help make the real estate market more accessible for everyday investors.
-
How Much Does It Cost To Ship A Car Across the Country?
Are you planning to move across the country and need to transport your car? Or did you buy a car from another state and need it shipped to your doorstep? Whatever the reason, shipping a car across ...
-
The Real Reason Betamax Lost The Format Wars
As early as 1971, JVC was experimenting with a new videotape format, and in 1972, Phillips brought to the consumer market a design they dubbed "Video Cassette Recording" (aka VCR). The physical ...
-
Qonkur Expands to Boston, Becoming First-to-Market Cannabis Marketing Agency in the City
with a proven track record of delivering results for clients across the country. "Opening our Boston office is a major milestone for Qonkur, and we're excited to be the first-to-market cannabis ...
-
Boston Life Sciences Real Estate Conference
Embedded in Boston ... real estate, across a spectrum of real estate transactions and also provides clients with strategic counsel on existing and potential issues and opportunities as market ...
-
Sale of prime Newton real estate is forcing the closure of a Catholic School: ‘Sacrificing the future’
4:38 p.m. Dozens of nonprofit developers across the state have for years ... Rising interest rates are locking up Boston’s housing market. The rapid rise in interest rates over the last year ...