out of business
No longer operating as a commercial business, typically because there is not enough commercial activity to cover costs and make a profit. No, Tom's Hardware has been out of business for years. These massive retail chains have put a lot of smaller companies out of business.
out of business
1. No longer carrying on commercial transactions, as in He's decided to go out of business when he turns sixty-five, or The supermarkets are putting the small grocers out of business.
2. Not in working order, inoperative, as in It looks as though the merry-go-round is out of business tonight. Also see out of commission; go out, def. 5.
out of ˈbusiness
having stopped operating as a business because there is no more money or work available: The new regulations will put many small firms out of business.Some travel companies will probably go out of business this summer.