Black Angus Steakhouse

History

Stuart Anderson (1922-2016) founded the Black Angus Steakhouse chain in 1964. The chain grew in the 1960s and early 1970s promising reasonable prices for offerings. Western styled advertisements touted "steak dinner with all the fixings - just a buck ninety-nine."

Saga acquired Black Angus in 1972. Marriott acquired Saga in 1987, and sold several of the Saga restaurants to American Restaurant Group.

In 1995, the chain had 101 restaurants and reported revenue of $244 million. In 1999, the overall parent company's profits were steady at $104.7 million, but higher for the Black Angus chain.

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.

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.

On January 15, 2009, American Restaurant Group itself filed for Chapter 11 bankruptcy protection. Black Angus Steakhouse was purchased by Versa Capital Management Inc. in March 2009.

As of October 2025, there are 30 Black Angus locations across Arizona, California, Hawaii, New Mexico and Washington.

References

References

1. Robert Jablon. (2016-06-08). "Black Angus Steakhouse founder Stuart Anderson dies at 93". Seatlepi.
2. Mai Hoang. (April 18, 2010). "Steakhouse celebrates four decades (Section header)". [[Yakima Herald-Republic]].
3. Renee Canada. (November 1, 2000). "Black Angus founder will discuss hiring". The Campbell Recorder.
4. . (1996-09-15). ["Restaurateur Stuart Anderson: He's out to pasture but not happy about it"](https://news.google.com/newspapers?id=W4hUAAAAIBAJ&sjid=bY8DAAAAIBAJ&pg=6908%2C6214023). *Ellensburg Daily Record*.
5. [https://www.latimes.com/archives/la-xpm-1987-02-05-fi-1115-story.html Newport Beach Firm Acquires Restaurant Chains from Marriott]
6. (December 24, 1996). "Offers for Black Angus". [[Los Angeles Times]].
7. (August 5, 1999). "Profits Steady at Restaurant Group". Los Angeles Times.
8. Andrew F. Hamm. (April 1, 2005). "Black Angus beefs up image as it readies bankruptcy exit". [[San Jose Business Journal]].
9. "Owner of Black Angus Steakhouse files for bankruptcy".
10. "https://www.blackangus.com/locations".