Famous Restaurant Chains That Went Out of Business

Sambo’s

Photo: YouTube

Looking to open up a restaurant in Santa Monica in 1957, business partners Sam Battistone and Newell F. Bohnett decided to combine their names for something to call it. The result was Sambo’s, a name that would work for a while before ultimately causing the company’s downfall. 

Sambo’s customers could get a stack of pancakes for 40 cents, a cup of coffee for 10 cents, and a full breakfast for just $1.25, deals which surely played a role in the chain’s popularity. At its peak, Sambo’s had 1,117 open in the early ’80s.