Black Angus Steakhouse
| Type | Private |
|---|---|
| Industry | Restaurants Steakhouses |
| Founded | 1964 |
| Headquarters | Los Altos, CA, USA |
| Number of locations | 46 |
| Key people | Stuart Anderson |
| Revenue | $413 million in 2007 |
| Owner(s) | Versa Capital Management |
| Website | Black Angus.com |
Black Angus Steak and Seafood Restaurant was founded in 1964 by Stuart Anderson[1][2] of Seattle, Washington. The restaurant chain is based in Los Altos, CA.[3][4][5]
Contents |
[edit] History
Stuart Anderson founded the Black Angus Steakhouse chain with 103 restaurants in 13 states in 1964.[1] As of 2001, each restaurant had approximately 75 employees and served an average of 3,000 customers weekly.[1]
In 2010, the Black Angus Steakhouse, which was the ninth franchise built, in Yakima, Washington celebrated its fortieth anniversary[2] As of 2010, Black Angus has 46 locations in six states.[2] This location is close to the founder's former ranch.[2]
[edit] Filings
In September 2005, Black Angus' parent company filed for Chapter 11 bankruptcy protection. It was indebted approximately $202 million and had in 2003 reported revenue of $276.6 million resulting in a net loss of $32.5 million.[4] In 1995, the chain had 101 restaurants and reported revenue of $244 million.[6]
The parent company of the chain filed for Chapter 11 bankruptcy protection on January 15, 2009, due to the current recession. Purchased by Versa Capital Management Inc., Black Angus Steakhouse emerged from bankruptcy protection during March 2009.[2]
[edit] Year to year changes
In 1999, the overall parent company's profits were steady at $104.7 million but higher for the Black Angus chain.[7] In 2004, its parent group operated 93 Black Angus and Cattle Company restaurants in 10 states with 57 units in California.[5]
[edit] Cultural references
Black Angus serves as the premise of a well-known humorous riff on comedian Patton Oswalt's 2003 album Feelin' Kinda Patton. The routine pokes fun of the company's aggressive ad campaigns in the late 1990s and early 2000s (decade).
[edit] References
- ^ a b c Renee Canada (November 1, 2000). "Black Angus founder will discuss hiring". Archived San Jose Mercury News. The Campbell Recorder. http://mytown.mercurynews.com/archives/campbellreporter/11.01.00/marketplace-0044.html. Retrieved 2010-05-05.
- ^ a b c d e Mai Hoang (April 18, 2010). "Steakhouse celebrates four decades (Section header)". Yakima Herald-Republic. http://www.yakima-herald.com/stories/2010/04/18/big-lots-is-pretty-big-news-for-local-retail-scene. Retrieved 2010-05-06.
- ^ American Restaurant Group, Inc. | Company profile from Hoover's
- ^ a b Andrew F. Hamm (April 1, 2005). "Black Angus beefs up image as it readies bankruptcy exit". San Jose Business Journal. http://sanjose.bizjournals.com/sanjose/stories/2005/04/04/story7.html. Retrieved 2010-05-05.
- ^ a b Julie Tamaki (September 29, 2004). "Steakhouse Owner to Reorganize". LA Times. http://articles.latimes.com/2004/sep/29/business/fi-angus29. Retrieved 2010-05-05.
- ^ "Offers for Black Angus". LA Times. December 24, 1996. http://articles.latimes.com/1996-12-24/business/fi-12185_1_black-angus-restaurant. Retrieved 2010-05-05.
- ^ "Profits Steady at Restaurant Group". LA Times. August 5, 1999. http://articles.latimes.com/1999/aug/05/business/fi-62894. Retrieved 2010-05-05.
