Steak and Ale

National restaurant chain Steak & Ale closed its doors on July 29, 2008, after its holding company, S&A Restaurants Corporation, filed for Chapter 7 bankruptcy protection. S&A was also the holding company for many Bennigan's restaurants, many of which also closed.¹

Fast Facts

1. Founded: 1966 in Plano, Texas²
2. Restaurants owned by franchisees will not close³
3. Holding company: S&A Restaurants Corporation⁴
4. Parent company: Metromedia Restaurant Group⁵
5. Other restaurants owned by company: Bennigan's, Ponderosa, Bonanza⁴
6. Bonanza and Ponderosa remaining open⁴

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