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Western Sizzlin history
Western Sizzlin company history timeline
In 1966, he began to sell franchises of his WesterN SizzliN concept.
They built Pizza Hut into a 4,000-unit chain before selling it to Pepsico in 1977.
However, he soon fell out with the autocratic Danner and left Shoney's in 1982.
1988: WesterN SizzliN founder Nick Pascarella dies, and the company is sold.
Business peaked in 1990 when Quincy's generated revenues of $282 million from 212 restaurants.
In October 1993, a group of 28 franchisees led by veteran restaurateur Dave Wachtel bought the chain, now reduced to 320 units, for a modest $10 million.
1993: Franchisee group buys WesterN SizzliN following its bankruptcy.
His bid was rejected, and in March 1995 the board terminated his management contract and replaced him with Victor Foti, a franchisee operating in Roanoke, Virginia, where the company's headquarters subsequently moved.
Restaurants in Scottsdale, Arizona, and Albuquerque, New Mexico, were established in 1995, the same year that Austins Steaks went public, netting $4 million.
Wachtel filed a lawsuit against the directors, claiming he had been wrongfully terminated, but the case was dismissed by a judge in February 1997.
By 1999, Austins' management concluded that it needed to combine with a larger operation in order to survive, leading to the merger with WesterN SizzliN.
The sale of 43 Quincy's to franchisees provided much needed relief to Austins Steaks, which was able to post a profit of $226,000 in 2001 after losing more than $1.4 million the year before.
The proxy war as well as the closing of ten stores had an adverse impact on the balance sheet in 2002, as the company reported a $1.1 million loss for the year.
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Western Sizzlin competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Timber Lodge Steakhouse | 1989 | $18.0M | 298 | - |
| Pizza Hut | 1958 | $7.5B | 350,000 | 10,768 |
| Hoss's Steak and Sea House | 1983 | $140.0M | 3,000 | - |
| Country Cookin | 1981 | $12.0M | 350 | - |
| Fogo de Chão | 1979 | $314.4M | 3,491 | 407 |
| Eat'n Park | 1949 | $580,000 | 8,000 | - |
| Rivers Restaurant | - | $660,000 | 25 | - |
| Ruby's Diner | 1982 | $75.0M | 1,300 | 13 |
| Ponderosa Steakhouse | 1964 | $620.0M | 10,525 | - |
| Mazzio's | 1961 | $190.0M | 3,780 | - |
Western Sizzlin history FAQs
Zippia gives an in-depth look into the details of Western Sizzlin, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Western Sizzlin. The employee data is based on information from people who have self-reported their past or current employments at Western Sizzlin. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Western Sizzlin. The data presented on this page does not represent the view of Western Sizzlin and its employees or that of Zippia.
Western Sizzlin may also be known as or be related to Western Sizzlin, Western Sizzlin Corp and Western Sizzlin' Corp.