Lum’s quickly grew in popularity and had over 400 company-owned franchise restaurants by the year 1969, which included locations in Hawaii, Puerto Rico and Europe. Because of their quick expansion, they eventually overdid it and, unable to sustain their reach, ended up filing for bankruptcy.
All the original stores were closed by 1982.
Steak and Ale
However, in their attempt to keep up with their competition, they started lowering their prices and offering free meals. In the end, their plan failed and the last location was closed in 2008.
Because it’s still in demand, in early 2017 the parent company started offering franchises, so Steak and Ale fans will be happy to know it’s on the way to being fully revived really soon.
Steak and Ale
Steak and Ale was first founded in 1966 in Dallas, Texas. The restaurant offered diners a new kind of vibe.
It was branded as cheap and affordable and became very popular because the steak was always to die for!
Lum’s
Lum’s first launched in 1956 in Miami Beach as a normal hot dog stand, and then it slowly turned into something big.
They originally had four locations in 1961 and were best known for their beer-steamed hot dogs. After their success as a hot dog stand, the owner decided to expand the business.
Red Barn
It had over 400 locations in the US and abroad during its prime. To date, there’s only one more location left in Wisconsin, Racine, and its name was changed from the Red Barn to just The Farm.
The Red Barn experience was undeniably refreshing, which is how it gained so much popularity. People wanted to keep coming back, not just for the food, but for the unique dining experience.