Lone Star Steakhouse
Baskersfield, CA
Lone Star Steakhouse & Saloon is a casual dining restaurant chain, serving steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. By the end of 1995, there were 182 restaurants in operation. Lone Star ended the 1990s with 265 Lone Star restaurants. In August 2006, Lone Star became private.
In 2008, Lone Star closed 27 restaurants, resulting in 152 locations. By late 2013, Lone Star had 78 locations. By December 2015, they were down to 64 locations. As of September 2017 the company website lists 3 restaurants with one in IL, one in OK and one in MO each. Curiously, none of the Texas-themed restaurants can be found in the state of Texas, from which the restaurant’s name is derived.
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Positives:
- Nationwide presence with high brand recognition
- Footprint allows for adaptive reuse
- Typically Long term leases with increases
Negatives:
- Consumers are showing a growing interest in healthy fast food.
- Competitive Industry Sector
- Susceptible to economic trends and pressures
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Lone Star Steakhouse Company Profile
Headquarters Information
Plano, Texas
Founded in 1989
Company type: Private
Parent Company: TBC Corporation