Western Sizzlin'

Western Sizzlin' Corp.
Subsidiary
Industry Food
Founded February 1962 (1962-02)
Augusta, Georgia, U.S.
Founder Nicholas Pascarella
Headquarters Roanoke, Virginia, U.S.
Number of locations
 54[1]
Area served
 United States
Key people
 Sardar Biglari
Products Steaks
Services Restaurants
Parent Biglari Holdings
Website www.western-sizzlin.com

Western Sizzlin’ is a chain of privately held and publicly held retail buffet restaurants and steakhouses,[2] with locations in 19 states of the United States[2] and 99 franchise establishments[2] and a subsidiary of Biglari Holdings, which is in turn controlled by Iranian American businessman Sardar Biglari. The company is based in Roanoke, Virginia, United States.[2] The concept for Western Sizzlin was conceived in 1962 by Nick Pascarella,[3] with the first Western Sizzlin restaurant opening in Augusta, Georgia in 1962.[3] The business is recognized for its famous FlameKist steaks. According to company literature, Pasceralla reasoned that, "If searing the bottom of the steak made it juicy, adding flames to the top would make them twice as good."[3]

Establishment

Western Sizzlin' in Adel, Georgia

Western Sizzlin' was established in 1962, by Nicholas Pascarella. He was traveling around the United States in search of cheap land on which to build a steakhouse, and he stopped in Augusta because of a flat tire. It was the employees at the tire store who convinced him to set up his restaurant in Augusta.[3]

Acquisition

Pascarella died in 1988. Following that, his spouse and son decided to sell the business. It was later bought by Frank Carney, co-founder of Pizza Hut.[4] However, after the buyout, Carney experienced difficulties in growing the chain to the high price his group paid for the business. Subsequently, Western Sizzlin filed for bankruptcy, and operated under Chapter 11 bankruptcy protection for nearly eleven months.[5] In 1993, Dave Wachtel acquired the company for $10 million.[5]

See also

References

  1. ↑ https://www.western-sizzlin.com/pages/find-us
  2. 1 2 3 4 Jenny Kincaid Boone (August 14, 2009). "Steak 'n Shake plans to acquire Western Sizzlin". Roanoke.com. Retrieved September 8, 2012.
  3. 1 2 3 4 "History of WesterN SizzliN Corporation". Funding Universe. Retrieved September 8, 2012.
  4. ↑ Bernstein, Charles (February 13, 1989). "Carney Plots Western Sizzlin' Growth," Nation's Restaurant News. p. 3. Retrieved September 8, 2012.
  5. 1 2 Carlino, Bill (January 24, 1994). "Western Sizzlin': Back to Basics under Wachtel," Nation's Restaurant News. p. 7.
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