Mr. Steak
In the 1970s, this restaurant franchise was quite successful. Unfortunately, these steaks were not juicy enough to compete with upstart steakhouse franchises like Stuart Anderson’s Black Angus and the California-based Sizzler. After declaring bankruptcy in 1987, Mr. Steak ceased operations. A network of American steakhouse restaurants, Mr. Steak, was founded in 1962 in Colorado Springs by James Mather. During the business’ peak season, there were 278 locations in the United States. After attempting to expand its menu in the 1980s, the company suffered a decrease as it shifted its focus away from steak and toward fish, salads, and chicken instead.

Mr Steak
