55-year-old restaurant chain abruptly shutters locations nationwide

Casual dining chain O’Charley’s Restaurant & Bar is reportedly closing its remaining locations nationwide, according to employees who spoke with local news outlets, bringing the 55-year-old restaurant chain’s run to an apparent end.

Managers at six of the chain’s eight remaining Middle Tennessee locations told Nashville-based WKRN that employees had been informed the restaurants would close Wednesday at 8 p.m.

O’Charley’s has not publicly announced the closures and did not respond to multiple inquiries from WKRN. The company has also disabled its primary social media accounts, while its website was inaccessible Thursday morning.

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FOX Business reached out to Cannae Holdings Inc., which owns a 65.4% equity interest in O’Charley’s.

The reported shutdown comes as the Nashville-founded chain has struggled with declining customer traffic and sales.

Cannae reported that guest counts at the restaurant chain fell 23.8% during the second quarter of 2026 compared with the same period a year earlier.

Comparable store sales fell 13.1% during the quarter and declined 12.8% during the first six months of 2026, according to Cannae’s filings with the Securities and Exchange Commission.

Cannae said in its second-quarter update that O’Charley’s continued to face challenges maintaining customer traffic. Management had been working to stabilize the business through menu changes, improvements to guest service and the closure of underperforming restaurants.

The Las Vegas-based investment company also said it was continuing to explore “strategic alternatives” for its restaurant group as part of a broader portfolio transformation strategy.

O’Charley’s was founded in 1971 by Charles Watkins on 21st Avenue near Vanderbilt University in Nashville.

Watkins sold the business in 1984 to David Wachtel, a former Shoney’s executive who expanded O’Charley’s into a regional chain. By 1993, the company had grown to 45 locations.

The brand later expanded to hundreds of restaurants across the Southeast and Midwest before substantially reducing its footprint in recent years.

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O’Charley’s operated 52 locations nationwide earlier this year, according to WKRN.