Sizzler Inc. has permanently closed in Cameron Park. Following on from the announcement that the restaurant in Toowong would close, it leaves only a few of the establishments left standing, with Sydney, for example whittled down to only one left in Campbelltown.

You can find out more about our policy and your choices, including how to opt-out It's the latest to be given the gong in a long line of Sizzler restaurant closures, with the brand's owner, Collins Foods, only having wrapped-up the operation of another Brisbane Sizzler at Brookside months ago.

The Sizzler Annerley in Brisbane's south is serving its last plate from its buffet-style eating, wrapping-up years worth of its touted It's the latest to be given the gong in a long line of Sizzler restaurant closures, with the brand's owner, Collins Foods, only having wrapped-up the operation of another Brisbane Sizzler at Brookside months ago. Carindale Sizzlers is closing down 12 March. save hide report. D-Day for Sizzler Annerley is Sunday 2 July, after which time the site will be open to repurposing. share. Sizzler has been an iconic buffet joint for families all across the country for decades, but with another restaurant closing down in NSW, we are losing hope for its future. Sort by. Another restaurant has been given the chop! best. Signs posted at the restaurant at 4085 Cameron Park Drive attribute the closure to the impact … Its owner Collins Foods says it won’t be investing in the chain any more and will close a number of restaurants after deciding Sizzler was no longer a key part of the company’s future.Collins, which also owns KFC stores, has written down the value of the Sizzler brand by $37.5 million amid falling revenue as it struggles to compete with an explosion of cheap family dining options.Chief executive Graham Maxwell said the closures are expected to cost about $900,000, however he declined to say how many of its 26 Sizzler restaurants across Australia will go.The Sizzler writedown dragged Collins into the red, with the company posting a $10.4 million loss for the year to March 3, compared to a $14 million profit a year ago.However, Mr Maxwell said Sizzler was expected to generate positive underlying earnings in 2015/16.“We believe we have taken the necessary course of action to allow the company to pursue attractive growth opportunities,” he said.“There are a number of Sizzler stores that are very profitable so we will assess each one individually.”He said the closure plans won’t affect Sizzler Asia, with Collins planning to open two new restaurants in Thailand and expand the restaurant chain further in China.Shares in Collins Foods rose seven cents to $2.73 as investors focused on the group’s 37 per cent rise in underlying profit to $24.6 million, which excludes the Sizzler writedown.Motley Fool Australia research analyst Scott Phillips said Sizzler - famous for its cheese bread and food buffets - was a huge hit when it burst onto the Australian dining scene about 30 years ago.“Sizzler was at the vanguard of family dining when they came out but as other stores popped up they failed to remain relevant,” he said.“It became too expensive. Revenue was down 22% to $50.8 million for Sizzler restaurants, with two fewer restaurants over the year, leaving just 13 open in Australia.

Subscribe for $4.95 per issue Trends expert, Dr Lauren Rosewarne, said that Sizzler failed to keep up with consumer demands like the cult-like status of celebrity culinary figures and new initiatives like food trucks. Went for an 11 o'clock lunch only to find out that these glorious bastards are shutting down! If we love Sizzler so much, what went wrong? Sorry we couldn't find a match for that, please try again Invalid postcode. Subscribe for $4.95 per issue I was heartbroken when I learned that it was closing down.