Rising meals prices pushed by inflation have been an issue for U.S. steakhouses starting from high-end to funds institutions, main some well-known eating places to completely shut their doorways and in some instances file for chapter
A rise in the price of beef that led to steak costs spiking 16% to $12.73 per pound in March 2026, in response to knowledge from the Federal Reserve Financial institution of St. Louis, affected menu costs and discouraged some diners from eating in steakhouses, taking a chunk out of restaurant income.
Steakhouses which have closed places within the U.S. over the past three months have included Fleming’s Prime Steakhouse and Wine Bar, McCormick & Schmick’sand Stoney River Steakhouse and Grillwith Quaker Steak & Lube about to shut one, too.
A Golden Corral restaurant franchisee, Conroe Corral Murphy LLCnevertheless filed for Chapter 11 bankruptcy in Texas on June 8 and continues to function.
Outback Steakhouse’s proprietor Bloomin’ Brands closed 21 places in 2025 and stated it could shut one other 22 places in 2026 as leases expire, in response to its third quarter earnings call.
Quaker Steak & Lube closes location
And now, the final Quaker Steak & Lube location in Florida, situated in Clearwater, will completely shut on July 5, the restaurant’s Normal Supervisor Hilliary Smith stated in a Facebook put up.
“After nearly 23 years of service, Quaker Steak & Lube is closing its doorways after enterprise closes on July fifth,” Smith, who labored on the restaurant since 2009, stated.
Neither Smith nor Quaker Steak Lube acknowledged a cause for closing the situation, which opened in 2003. Smith stated she started working on the restaurant in August 2009.
Opened in a former fuel station
The Quaker Steak & Lube chain opened in 1974 in an deserted fuel station in Sharon, Pa., as a muscle car-themed, cook-your-own-steak restaurant chain.
The Bloomsburg, Pa.-based eating chain, nicknamed “The Lube,” designed its restaurant places with fuel station memorabilia, basic automobiles, and bikes, and at the moment serves steaks, rooster wings, child again ribs, burgers, sandwiches, soups, and salads.
Quaker Steak has received 100s of nationwide and worldwide awards for its meals and its number of over 20 wing sauces.
Chain has shuttered many places
The steakhouse operator filed for chapter in November 2015 and offered its 50 restaurant places out of chapter to TravelCenters of America in March 2016 for $25 million, in response to FSR.
The chain can have downsized from 50 places in 2016 to 26 shops after the Clearwater closing.
