Is Boston Market Going Out Of Business? Boston Market is one of the top fast-food restaurant chains in the United States. But in 2023, Boston Market is considered to be going out of business. The chain of quick-service comfort food restaurants will shrink in the upcoming months of 2023.
Already the chain has diminished its size by 60 percent. Once, it has more than 1,100 locations across the country. But now, only 312 Boston Market restaurants are left.
It has been noted Boston Market planned to expand its business to become the next major small-chain success story. They were especially offering rotisserie chicken initially but later added on various items such as Chipotle and Panera Bread to gain popularity. But all have gone in vain!! Because the dream exploded into pieces, and the company was baffled.
Let’s see what is happening and why Boston Market is gradually disappearing. Let’s get weaving!!
This blog will discuss why Boston Market is going out of business. Who is the Boston Market owner? Who are its competitors? How many locations are still around? And many more… Continue reading this blog post to find out!!
Why Is Boston Market Going Out Of Business?
There are several reasons why the Boston market is going out of business right now. Let’s have a look at one of the primary reasons for its discontinuation the chain filed for Chapter 11 bankruptcy.
Boston Market wanted to expand the business to make this move, and they started serving more items. However, the expansion needed to be faster and considered an aggressive strategy. Boston Market invested money in its business and opened new locations. Around 1,200 new stores opened.
Boston Market opened franchisees, and they paid the franchise fee for each new store, on its food items, and interest on the loans. Initially, this move was reported as pure profit, and the franchisees raised the costs of the food items. Everything was going fine for some time, but the problems started when the stores struggled with low performance.
After some time, there were no more customers because of overpaying for the product. The Boston Market struggled with customer issues and was forced to collapse their business. This led to the closure of numerous stores across the country.
In 1990, the company filed for bankruptcy and forced Boston Market to close around 700 locations in 1998. Initially, the chain had thousands of stores but left only hundreds in the country. It was estimated that the company shrunk its size and cut its locations by two-thirds due to bankruptcy. Investors never saw returns after a sketchy IPO.
Additionally, Boston Market needed to catch up with the latest trend that met customers’ demands, and they had listed items selling all over the country, including rotisserie chickens. This food item now sells everywhere, making Boston Market an ordinary one.
The products were overpriced; the company mainly focused on raising value over time instead of its quality. This marketing strategy left a bad taste in the customer’s mouths. Due to this, it needs more customers. Food items were not worth it, and the menu of Boston Market has yet to catch up with consumer trends.
Besides, the atmosphere used to be better than it was, which did not match the consumer’s taste.
Boston Market’s business expansion strategy needed to be faster; the overhead was entirely out of control. Even the chain of Boston Market, i.e., McDonald’s, needed help identifying what to do with the chain and its marketing missteps.
One of the users answered why Boston Market is going out of business steadily. ”
- Some think the business is going smoothly, fun, and highly profitable, but they don’t know that’s a far cry from the cruel and ugly reality of actual things. Inexperienced owners think the business is glamorous and ultimate.
- No proper inventory control was there because inexperienced owners failed to introduce it. Recently you will be able to find steaks and chops phasing out and watch the booze evaporate.
- Another reason was the owners handed over the entire restaurant management system to the manager, which created a fuss and tense environment within the working staff of the restaurant.
- Owners think they are good at the kitchen as they have good skills in it, so they also have a good skill set in terms of business, but it is not like that. Yes, it can be true, but the chances occur only when they have formal training as chefs at reputed universities such as the CIA, Cornell, and others.
- Owners were unable to invest in the business but planned to expand it. New restaurants were expensive, but owners failed to capitalize on the business. They should think it over and have much money to invest in their business and let it expand.”
Who Is Boston Market Owned By?
Boston Market Corporation, also known as Boston Chicken, is owned by the Rohan Group, Engage Brands, LLC. Boston Market is an American fast food chain founded in 1995 in Golden, Colorado. After filing for bankruptcy, In May 2000, The Boston Market was sold to McDonald’s Corp.
Most of Boston Market’s locations are in the Midwestern and Northeastern United States. Not only in these two the most significant presence of Boston Market is there, but also in Florida, Texas, and California.
The reports say Boston Market owned 346 locations in 28 states, with many employees in Puerto Rico and Ramstein-Miesenbach in 2020.
In 2000, Boston Market initially owned two stores in Toronto, Ontario. Later after two years, in 2002, the company opened its new stores in the Australian market and other new nine stores in the Sydney metropolitan area in 2004.
But due to high competition, the company exited the Australian Market and converted its multiple stores into McDonald’s.
Who Are The Competitors of The Boston Market?
There are several competitors in the Boston Market, including Panera Bread, which has the most employees, 140,000, Corner Bakery Cafe, and Bob Evans Restaurants.
Along with the competitors, the company is also accompanied by other companies regarding size reduction. Let’s have a look at those restaurants and food chains that used to be larger but shrunk its size due to several issues.
- Ruby Tuesday
- Golden Corral
- Ponderosa Steakhouse and Bonanza Steakhouse
- Steak’n Shake
Is Boston Market Still Around?
Yes, Boston Market is still around. Boston Market decided to expand the business and announced this ambitious expansion plan. The plans included opening new and latest restaurants with takeout-friendly restaurant designs.
But the company filed for Chapter 11 bankruptcy in 1998. Since then, Boston Market has been struggling with issues and problems that have arisen over time, leading to a uniformly declining business. It was estimated that Boston Market owned 1,200 units initially across the United States, but the restaurant count steadily declined to 326 in 2022.
How Many Boston Market Locations Are There?
According to recent reports, it is estimated that there are only 312 locations left across the country. The locations are spread in the United States throughout 24 states, with the most density in Massachusetts down to the Mid-Atlantic region.
Why Is Boston Market Special?
Boston has been serving since 1985, but it is expertise in chicken items. They have now decided to expand their business by adding more delightful items to their menu.
It offers various food products, including apple pie, ribs, mashed potatoes, and chicken. Chicken is the critical item on Boston Market’s menu; the menu is perfect and has something delicious for almost everyone.
The Boston Market provides a wide variety of items on the menu that can confuse people to decide what should be taken. You will find it difficult to prefer one thing over another because everything is ultimate in its place.
Here we’ve mentioned a few of its items that may be enlisted in a list of your favorite items after having it. You should ask for them while placing an order next time. This is where we come in!!
- Rotisserie Chicken
- Chicken Pot Pie
- Rotisserie Chicken Noodle Soup
- Warm Apple Cobbler
- Deluxe Chocolate Cake
- Crispy Country Chicken With White Gravy
- Create Your Bowl Option
- Roasted Garlic And Herb Rotisserie Chicken
- Mashed Potatoes
- Chicken On Ciabatta
- Southwest Cobb Salad
- Apple Pie
- Pulled Pork Sandwich
- Sweet Corn
- Crispy Chicken BLT Sandwich
- Lemon Italian Creme Cake
- Mac & Cheese
- Nashville Hot Chicken Sandwich
- Chicken Caesar Salad
- Rotisserie Chicken Nuggets
- Creamed Spinach
- Sweet Potato Casserole
The Bottom Line
Boston Market is considered the best place to eat and has a variety of delectable items on the menu. You can choose from a list of unique food item options.
It can be difficult for all of you to digest that Boston Market is disappearing. You might have always found something tastier that created another level of vibes you love on its menu.
There is a sigh of relief that Boston Market is closing several stores, but not all. But the company cut locations in large numbers that, shrink its size to 40 percent only, and 60 percent is estimated to be closed by the company due to higher competition and several issues.
Boston Market closed a few hundred locations of its total number of stores.
Even though, If you want a restaurant-style cooked meal or homestyle, you should always decide to go for Boston Market, where you find a succulent menu choice.