Beautiful certificate from the Flakey Jake's Burgers, Bakery & Beverages
issued in 1987. This historic document was printed by Security-Columbian Banknote Company and has an
ornate border around it with a vignette of the company logo. This item has the signatures of the Company's President and Secretary and is over 20 years old.
Created by a team of Sea Galley Stores Inc. officials, who were in search of an expansion concept in 1983, Flakey Jake's served large, grilled burgers on house-baked buns. Some of the units, which had a decor suggestive of a visit to an old Western town, complete with fake storefronts, featured a full bar.
Early in its run, the Bellevue, Wash.-based chain was hauled into court by Fuddruckers Inc., a competing burger chain that claimed Sea Galley had copied its trade dress to create the Flakey Jake's concept. As a result of the court action, Flakey Jake's agreed to change some of its design and decor package.
Sea Galley spun off Flakey Jake's and took it public in 1984, realizing a multimillion-dollar windfall from the sale of its stock.
At its high points, Flakey Jake's stock sold for as much as $9 a share, and the chain operated 22 company restaurants and franchised more than 30 to others. However, the company never turned a profit and ended up costing investors millions of dollars before it filed for bankruptcy, at which point it owed creditors about $25 million.