OPINIONEmerging Brands

Long before there was fast casual, there was Tad's, a specialist in $9 steaks served Chipotle-style

Restaurant Rewind: The concept persisted in the fierce New York City market for 63 years, not disappearing there until 2020.

Decades before the phrase “fast casual” was coined, a restaurant concept little noticed outside of New York City was using a self-service format, rapid-fire cooking and a Chipotle-style production line to offer a steak meal for less than $9.

We’re not talking about something from the Roaring '20s. Tad’s Steakhouse was grilling its strip steaks several dozen at a time to offer a bargain-price steak lunch until just a few years ago. There’s still a unit plugging away under that name in San Francisco, though inflation has rendered a $9 price as obsolete as wagon wheels.

What can the industry learn from a brand that persevered for 63 years in the grueling New York market, selling steak at that?

Give a listen to this week’s episode of Restaurant Rewind to learn why the industry should not forget Tad’s Steakhouse.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Marketing

Meet the restaurant industry's new government adversary

Reality Check: The FTC wants the business to change several longstanding operating conventions. Has it heard why that's a bad idea?

Financing

Why are so many restaurant chains filing for bankruptcy?

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Trending

More from our partners