Black Angus Steakhouse
 | |
| Private | |
| Industry | Restaurants Steakhouses |
| Founded | 1964 |
| Headquarters | Los Altos, California, United States |
Number of locations | 45 |
Key people | Stuart Anderson (founder), Christopher Ames (current CEO) |
| Revenue | $413 million in 2007 |
| Owner | Versa Capital Management |
| Website |
www |
Black Angus Steak and Seafood Restaurant is an American restaurant chain, specializing in steaks, that is based in Los Altos, California.[1][2][3] The chain was founded April 3, 1964, by Stuart Anderson[4][5] of Seattle, Washington.
History
Stuart Anderson founded the Black Angus Steakhouse chain in 1964.[4]
Saga acquired Black Angus in 1972.[6] Marriott acquired Saga in 1987, and sold several of the Saga restaurants to American Restaurant Group.[7]
In 1995, the chain had 101 restaurants and reported revenue of $244 million.[8] In 1999, the overall parent company's profits were steady at $104.7&nbsb;muillion, but higher for the Black Angus chain.[9]
By 2001, there were 103 Black Angus restaurants in 13 states, and each restaurant had approximately 75 employees and served an average of 3,000 customers weekly.[4] By 2004, the number had fallen to 93 Black Angus and Cattle Company restaurants in 10 states, with 57 units in California.[3]
In September 2004, American Restaurant Group filed for Chapter 11 bankruptcy protection for Black Angus Steakhouse. Black Angus was indebted approximately $202 million and had in 2003 reported revenue of $276.6 million resulting in a net loss of $32.5 million. The bankruptcy proceeded concurrently with an effort to re-brand and remodel the chain.[2]
On January 15, 2009, American Restaurant Group itself filed for Chapter 11 bankruptcy protection.[10] Black Angus Steakhouse was purchased by Versa Capital Management Inc. in March 2009.[5]
As of August 2015, there are 45 Black Angus locations, with 30 in California.[11]
Cultural references
In the late 1990s and early 2000s, Black Angus had a television ad campaign featuring "Travis", a grizzled cowboy urging various urbanites to dine at the restaurant. Comedian Patton Oswalt poked fun at the ads' apparent aggressiveness in a well-known humorous riff included on his 2003 album Feelin' Kinda Patton.
References
- ↑ American Restaurant Group, Inc. | Company profile from Hoover's
- 1 2 Andrew F. Hamm (April 1, 2005). "Black Angus beefs up image as it readies bankruptcy exit". San Jose Business Journal. Retrieved 2010-05-05.
- 1 2 Julie Tamaki (September 29, 2004). "Steakhouse Owner to Reorganize". LA Times. Retrieved 2010-05-05.
- 1 2 3 Renee Canada (November 1, 2000). "Black Angus founder will discuss hiring". Archived San Jose Mercury News. The Campbell Recorder. Retrieved 2010-05-05.
- 1 2 Mai Hoang (April 18, 2010). "Steakhouse celebrates four decades (Section header)". Yakima Herald-Republic. Retrieved 2010-05-06.
- ↑ He's out to pasture but not happy about it
- ↑ Newport Beach Firm Acquires Restaurant Chains from Marriott
- ↑ "Offers for Black Angus". LA Times. December 24, 1996. Retrieved 2010-05-05.
- ↑ "Profits Steady at Restaurant Group". LA Times. August 5, 1999. Retrieved 2010-05-05.
- ↑ Owner of Black Angus Steakhouse files for bankruptcy
- ↑ http://www.blackangus.com/location/