Photos from the Lexington Herald-Leader archives updated daily

The first Long John Silver’s, 1981

Posted on July 27, 2015 | in Uncategorized | by
Gene Stathas leaves after dinning June 8, 1981 at the very first Long John Silver's location at 301 Southland Drive in Lexington. Origionally called the Cape Codder, Jerrico Inc. renamed it Long John Silver's and opened for business on Aug. 18 1969. Lexington-based Jerrico also operated Jerry's restaurants and founded Fazoli's. Jerrico was taken private in 1989 in a $626 million leveraged buyout, leaving Long John Silver's with $275 million in high-interest debt. The company struggled with the debt, and Long John Silver's sought bankruptcy protection in June 1998. A year later, A&W bought the chain for $220 million and then was bought by Louisville-based Yum Brands several years later. Private investors made a successful bid to buy the LJS Brand in September 2011. There are currently just over 1,100 locations worldwide, however this origonal location is now a styling salon. Photo by Charles Bertram | staff

Gene Stathas left after eating  at the very first Long John Silver’s on June 8, 1981, at 301 Southland Drive in Lexington. It originally was called the Cape Codder,  and Jerrico Inc. renamed it Long John Silver’s and opened for business on Aug. 18, 1969. Lexington-based Jerrico also operated Jerry’s restaurants and founded Fazoli’s. Jerrico was taken private in 1989 in a $626 million leveraged buyout, leaving Long John Silver’s with $275 million in high-interest debt. The company struggled with the debt, and Long John Silver’s sought bankruptcy protection in June 1998. A year later, A&W bought the chain for $220 million and then was bought by Louisville-based Yum Brands several years later. Private investors made a successful bid to buy the LJS Brand in September 2011. Currently, there are more than 1,100 Long John Silver’s restaurants worldwide, but the restaurant above closed on July 3, 1991, and the property is now a styling salon. Photo by Charles Bertram | Staff

TAGS: , ,

Photo reprints


See a photo that you would like to have a reprint of? All photos that appear in this blog can be purchased from
MyCapture .

TITLE

 Follow us on Twitter
@KYPhotoArchive

TITLE