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Consolidated Restaurant Cos Inc history
Consolidated Restaurant Cos Inc company history timeline
Indeed, the first Steak n Shake shop was opened in 1934 by Gus Belt.
Started in 1951 by David Cohn as Barb Enterprises and renamed Consolidated Restaurants in the '70s, its restaurants bring back memories: The Barb, The Polynesia, Select Grill, Pescatore, Hiram's, Union Square Grill, DC's Grill.
Belt died in 1954, and his wife, Edith--her picture still hangs in the original Steak n Shake in Normal&mdashøok over.
In 1975, he opened Elliott Bay Fish and Oyster Company (now Elliott's Oyster House) and Steamers at Pier 56.
Because Steak n Shake was Franklin's sole revenue source, the company was gasping when Kelley came along in 1981.
Steak n Shake reached bottom in 1985 when it lost $567,000.
In 1985 Kelley purchased restaurants held by Wheel Restaurants Inc. and Sweeney Specialty Restaurants.
A Steamers was opened at Seattle Center in 1987.
By 1989 the Steak n Shake chain consisted of about 120 outlets mostly in the Midwest.
By 1989 the division was sporting 16 locations that included Carlos Murphy's, Santini's, The Charley Horse, Big Wheel, Jeremiah Sweeney's, and more.
Among his first moves was a controversial recapitalization in October of 1990; Consolidated borrowed $23.8 million to provide shareholders, many of whom were insiders, with cash dividends.
Then, in 1991, Huse launched a franchising initiative that he believed would allow Steak n Shake to expand rapidly nationwide.
Meanwhile, Consolidated Specialty Restaurants reduced its holdings to 11 units, all but three of which were operating under the Colorado Steakhouse banner by 1995.
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Consolidated Restaurant Cos Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hualalai Investors LLC | 2006 | $66.0M | 758 | - |
| El Chico | 1940 | $230.0M | 4,500 | 1 |
| Quality Restaurant Concepts LLC | 1997 | $120.0M | 3,000 | - |
| Neighborhood Restaurant Group | 1997 | $63.0M | 750 | - |
| Fulenwider Enterprises KFC & Taco Bell | 1965 | $5.8M | 75 | - |
| Brinker International | 1975 | $4.4B | 62,200 | - |
| Apple Gold Group | 1984 | $11.0M | 110 | - |
| Restaurants Of America Management Inc | 2000 | $38.9M | 945 | - |
| Restaurant Group | - | $1.4B | 21,500 | - |
| The Briad Group | 1987 | $400.0M | 6,489 | 52 |
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Consolidated Restaurant Cos Inc may also be known as or be related to Consolidated Restaurant Co Inc and Consolidated Restaurant Cos Inc.