Barbecue chain shrinks from over 100 locations to fewer than 20 after bankruptcy

A once-expanding barbecue chain is rapidly shrinking as financial pressures force a major reset. After years of steady decline, the brand now operates only a fraction of the locations it once had nationwide.

A dramatic drop in locations

Smokey Bones has seen a steep decline from more than 100 restaurants at its peak to fewer than 20 locations remaining in 2026. The drop has accelerated in recent months as closures tied to bankruptcy restructuring continue across multiple states.

Recent shutdowns in places like New York, Pennsylvania, Illinois, and Florida have significantly reduced the chain’s footprint. In several cases, entire states have lost all remaining locations, signaling a broader retreat rather than isolated closures.

Bankruptcy fuels rapid closures

The downsizing follows the Chapter 11 bankruptcy filing by parent company FAT Brands in January 2026. The filing aims to restructure debt and stabilize the company’s portfolio, which includes several restaurant concepts.

As part of that process, underperforming Smokey Bones locations have been targeted for closure or lease rejection. Reports indicate that dozens of locations were identified for potential shutdown, with many already closed in early 2026.

Shift toward other concepts

Some former Smokey Bones restaurants are not just closing—they’re being replaced. Parent company FAT Brands has been converting select locations into its sister brand, Twin Peaks, which executives view as a stronger long-term growth opportunity.

This shift reflects a strategic pivot away from traditional barbecue dining toward concepts that may perform better in today’s market.

What’s next for the chain

With fewer than 20 locations remaining, Smokey Bones faces an uncertain future. The brand’s continued survival may depend on how successfully it can stabilize operations and adapt to changing consumer preferences.

For now, the rapid decline serves as a stark example of how quickly a national restaurant chain can contract amid rising costs, shifting habits, and financial strain.

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