Perkins Restaurant was founded in 1958 by brothers Matt and Ivan Perkins in Cincinnati, Ohio. Originally named Perkins Pancake House, the company began franchising in the early 1960’s. The company purchased another chain of cafe’s, Smitty’s, and renamed themselves, Perkins Cake and Steak. In 1987, the company renamed itself Perkins Family Restaurants.
Today, Perkins also owns Marie Callender’s restaurants. There are currently about 400 Perkins restaurants in 33 states, as well as 5 Canadian providences and 68 Marie Callender’s restaurants in 6 states. In 2005, the company had annual revenue of $352.3 million, as well as 25,000 full time employees. The company has headquarters in Memphis, Tennessee.
The company filed for bankruptcy in 2011 and was acquired by the private investment firm Wayzata Investment Partners. The company has closed 65 locations, including all restaurants in Western New York, and laid off approximately 2,500 employees.