Beautifully engraved SPECIMEN certificate from the Western Steer - Mom 'N' Pop's, Inc.
. This historic document was printed by the Security-Columbian Banknote Company in 1986 and has an
ornate border around it with a vignette of the company's logo. This item has the printed signatures of the Company’s President ( Marshall E. Digh ) and Secretary ( Charles F. Conner Jr. )and is
over 40 years old.
Kelley deals for Mom 'n' Pop's: Western Steer retains budget steak-house chain - Feb 29, 1988
Western Steer retains budget steak-house chain
Stymied in his attempt to buy all of Western Steer Mom 'n' Pop's Inc., the wily financier E. W. Kelley has settled for acquiring one of the steak house operator's choice restaurant holdings.
Kelley's Kelley & Partners Ltd. has agreed to buy Western Steer's seven-unit Mom 'n' Pop's country-store-and-coffee shop chain for a price the seller described as a slight markup from the restaurants' book value of $6.4 million. The budget steak house operation remains in company hands.
Kelley & Partners is the principal owner of Consolidated Products, which operates the 105-unit Steak n Shake burger chain and 16 themed restaurants.
Analysts have lauded the earning potential of the Mom 'n' Pop's concept largely because of its similarity to a Cracker Barrel gift-shop-and-restaurant. The regional Cracker Barrel chain's revenues and profits have shot upward during what most restaurant groups have found to be a financially harrowing time.
Each Mom 'n' Pop's restaurant generated sales exceeding $1 million for the year ended Feb. 27, 1987, Western Steer said. It projected perunit sales of $1.3 million for the recently ended fiscal year.