Black Angus Steakhouse as founded in 1964 by Stuart Anderson. When Anderson first opened his restaurant, he offered a steak, soup or salad, along with a baked potato for $2.99. Customers lined up outside. Anderson used his name in his restaurant and was a frequent visitor. The price didn’t include dessert or drinks, which is where Anderson says he made most of his money. He continued to run the company until 1987, after five consecutive years of his restaurants being named the top steakhouse chain in the nation that Anderson retired. Anderson even wrote a book after he retired, called “Corporate Cowboy,” the story of how he built a restaurant empire that became a national company with 10,000 employees and annual revenue of $260 million. Anderson passed away in 2016.
The restaurant chain was sold several times over the years and was owned by American Restaurant Group from 1990 until 2004. At its peak, the chain had 103 restaurants in 13 states.
The American Restaurant Group filed for bankruptcy first in 2004, then again in 2009. The restaurant chain was then sold to Versa Capital Management in March of 2009.
As of April of 2017, there were 45 locations, with 31 of them being in California.
In December 2022, the company announced that it would offer direct-to-consumers premium steaks via an online marketplace.
Company headquarters are now located in Sherman Oaks, California.
Black Angus SteakhouseBlack Angus Steakhouse as founded in 1964 by Stuart Anderson. When Anderson first opened his restaurant, he offered a steak, soup or salad, along with a baked potato for $2.99. Customers lined up outside. Anderson used his name in his restaurant and was a frequent visitor. The price didn’t include dessert or drinks, which is where Anderson says he made most of his money. He continued to run the company until 1987, after five consecutive years of his restaurants being named the top steakhouse chain in the nation that Anderson retired. Anderson even wrote a book after he retired, called “Corporate Cowboy,” the story of how he built a restaurant empire that became a national company with 10,000 employees and annual revenue of $260 million. Anderson passed away in 2016.
The restaurant chain was sold several times over the years and was owned by American Restaurant Group from 1990 until 2004. At its peak, the chain had 103 restaurants in 13 states.
History
The American Restaurant Group filed for bankruptcy first in 2004, then again in 2009. The restaurant chain was then sold to Versa Capital Management in March of 2009.
As of April of 2017, there were 45 locations, with 31 of them being in California.
In December 2022, the company announced that it would offer direct-to-consumers premium steaks via an online marketplace.
Company headquarters are now located in Sherman Oaks, California.