It is no secret that running a restaurant in a time of crippling inflation and record-high prices is difficult. Even , with a record number of franchises, including Red Lobster and Buca Di Beppo, filing for Chapter 11 bankruptcy this year. Steak and Ale is no stranger to financial struggles either.
The once-popular casual steakhouse had nearly 300 locations during its heyday, but after its parent company filed for Chapter 7 bankruptcy in 2008, the brand had to close its final remaining 58 locations. The declining popularity of chain restaurants and the 2008 recession led to the demise of the beloved Steak and Ale brand. However, it is planning a major comeback in the near future with the help of a new investor.
Hopefully, the appeal of an affordable steakhouse as well as the return of its legendary salad will be enough to bring Steak and Ale restaurants back to life. What killed Steak and Ale? After opening in 1966, Steak and Ale restaurants exploded in popularity throughout the '70s and '80s. It is often referred to as a pioneer in casual dining, offering an affordable steakhouse experience with an Old English inn theme.
Along with its steak selections, Steak and Ale's menu included fan-favorite dishes such as Hawaiian Chicken with pineapple teriyaki sauce and roasted salmon with herbed hollandaise. The interior of the restaurants were dim and decorated in a rustic style that included wooden beams and stained glass to match the theme. The brand expanded to nearly 300 locatio.