Sizzler is a United States-based restaurant chain, serving steak, seafood, salad (from a large salad bar), and similar food items. It was founded in 1957 as Sizzler Family Steak House and had more than 270 locations, although it closed most of its locations in the Eastern U.S. in the mid-1990s. A restaurant chain is a set of related restaurants, typically with the same name in many different locations either under shared corporate ownership (e. ... A steak served with a pat of butter and mushrooms A pair of ribeye steaks being grilled A steak is a slice from a larger piece of meat, usually beef. ... Seafood in Brussels, Belgium Seafood is any sea animal that is served as food or is suitable for eating. ... A salad is a food item generally served either before or after the main dish as a separate course, as a main course in itself, or as a side dish accompanying the main dish. ... A salad bar is a buffet style table on which the components of a salad are placed. ... 1957 was a common year starting on Tuesday of the Gregorian calendar. ... // Events and trends The 1990s are generally classified as having moved slightly away from the more conservative 1980s, but otherwise retaining the same mindset. ...
Sizzler International, Inc. and its subsidiaries are principally engaged in the operation, development and franchising of the Sizzler family steak house concept and the operation of Kentucky Fried Chicken (KFC) franchises.
Sizzler International, Inc. was incorporated in January 1991 in connection with a reorganization of its parent company Collins Foods International, Inc. (CFI) undertaken in contemplation of CFI's merger with PepsiCo, Inc. As part of the reorganization, the Company's common stock was distributed to stockholders of CFI.
Sizzler restaurants provide guests with a service system in which guests place orders and pay upon entering the restaurant and are then seated and assisted by a server who delivers entrees and follows up on guest service.
Sizzler's reported loss of nearly $4 million in the third quarter ended Feb. 4 drove its shares to a record low of $2.63 in March, compared with their $18-per-share value in 1992.
Sizzler, granted authority by the court, has rejected dozens of restaurant leases as it fields inquiries from what it said are prospective buyers of more than 100 owned and leased locations.
Sizzler already had been primed for battle by a litigious restaurant landlord, who sought to invalidate the shielded debtors Chapter 11 action on the grounds that the company's assets far outweigh its liabilities and that Sizzler had not made good-faith attempts to renegotiate its leases prior to the bankruptcy filing.
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