Black Angus Steakhouse
Encyclopedia
Black Angus Steak and Seafood Restaurant was founded in 1964 by Stuart Anderson of Seattle, Washington. The restaurant chain is based in Los Altos, CA.
In 2010, the Black Angus Steakhouse, which was the ninth franchise built, in Yakima, Washington
celebrated its fortieth anniversary As of 2010, Black Angus has 46 locations in six states. This location is close to the founder's former ranch.
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.
History
Stuart Anderson founded the Black Angus Steakhouse chain with 103 restaurants in 13 states in 1964. As of 2001, each restaurant had approximately 75 employees and served an average of 3,000 customers weekly.In 2010, the Black Angus Steakhouse, which was the ninth franchise built, in Yakima, Washington
Yakima, Washington
Yakima is an American city southeast of Mount Rainier National Park and the county seat of Yakima County, Washington, United States, and the eighth largest city by population in the state itself. As of the 2010 census, the city had a total population of 91,196 and a metropolitan population of...
celebrated its fortieth anniversary As of 2010, Black Angus has 46 locations in six states. This location is close to the founder's former ranch.
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. In 1995, the chain had 101 restaurants and reported revenue of $244 million.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.