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GREATER METROPLEX - Kansas-based Lone Star Steakhouse & Saloon Inc. has purchased Texas Land & Cattle Steak House restaurants out of bankruptcy, adding 20 restaurants - including seven in the Metroplex - to its growing corral of steakhouse restaurants in Texas.
Lone Star, which owns 15 upscale Sullivan's Steakhouse restaurants and five Del Frisco's Double Eagle Steak Houses as well as more than 249 Lone Star restaurants in 40 states and abroad, said it saw the move as an opportunity to hit another price point in the steakhouse market.
Lone Star's namesake restaurants are its lowest-priced concept with an average sale of $16 per person for lunch. Land & Cattle's sales average about $18 per person. Del Frisco and Sullivan's restaurants are in the upscale price bracket, with customers spending about $50 per person for dinner.
For the time being, Texas Land & Cattle restaurants will remain unchanged.
"It is a very good operation, and we don't intend to change its name or the number of units," said Dee Lincoln, vice...