Sizzler Is Officially Closing Its Doors In Australia After 35 Years

Legendary restaurant chain Sizzler is closing its doors in Australia after more than 35 years in business.

The remaining nine restaurants (five in Queensland, three in Perth and one in NSW) will close by November 15 and the decision is expected to affect around 600 workers.

Collins Foods hopes to be able to redeploy a lot of those employees to its KFC and Taco Bell restaurants and offices.

In a statement to the ASX this morning, the company said: "Of the three restaurant brands that Collins Foods operates, Sizzler has been hardest hit during the COVID-19 pandemic.

"As a casual dining concept, and unlike Collins Foods' KFC and Taco Bell restaurants, Sizzler revenues and earnings have been slow to recover from peak COVID-19 impacts."

The Sizzler restaurants in Australia were extremely popular in the 2000s because of its salad bar and delicious steaks.

Collins Foods' CEO, Drew O'Malley said it's truly a sad day for the company and for the fans of the food.

He explained: "This has been a difficult decision for Collins Foods, especially given the impact it will have on our dedicated Sizzler employees and customers in Australia.

"The ongoing impact of COVID-19 on revenues has meant that unfortunately, these restaurants have not established a clear path to profitability in the foreseeable future."

Topics: Food, News, Australia

Stewart Perrie

Stewart Perrie is a Trending Journalist at LADbible. His first job was as a newsreader and journalist at the award winning Sydney radio station, Macquarie Radio. He was solely responsible for the content broadcast on multiple stations across Australia when the MH17, Germanwings and AirAsia disasters unfolded. Stewart has covered the conflict in Syria for LADbible, interviewing a doctor on the front line, and has contributed to the hugely successful UOKM8 campaign.

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