Another beloved establishment is closing its doors forever, an occurrence that's becoming too familiar as businesses continue to struggle with the effects of an unpredictable economy.

With consumers tightening their budgets and becoming more mindful of their spending habits, even well-established brands are finding it increasingly difficult to survive.

While some might assume that only newer businesses are at risk of suffering this unfortunate fate, longstanding restaurants and bars, some with decades of history, are also disappearing at an alarming rate, signaling that years of success no longer work against financial pressures.

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Data backs up this trend.

According to the U.S. Bureau of Labor Statistics , around 17%

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