Company type | public |
---|---|
Industry | Food service, restaurants |
Founded | 1968 |
Founder | Aaron Binder |
Defunct | 2010 |
Fate | Bankruptcy, followed by gradual closure of independent franchises |
Headquarters | Los Angeles, California , U.S. |
Number of locations | ~12 |
Area served | Los Angeles County |
Products | Hamburgers, fries |
All-American Burger was a regional fast food chain in Los Angeles, California.
The first All-American Burger restaurant was founded by Aaron Binder in the 1968. [1] [2] The restaurant was known for its quarter-pound burger patties, as well as chili burgers and hickory burgers. [3] [4] It also sold half-pound patties, which accounted for up to 25% of sales at some stores. [5] Binder opened several other restaurants in Los Angeles during the 1970s.
Binder led the company until January 1980 and remained on the board of directors until March 1981. [2] In April 1981, the chain filed for bankruptcy. [6] A few months later, the SEC accused Binder of selling stock in the company when he knew the company was insolvent but before the information was made public. [2] The case was later settled out of court with Binder neither admitted nor denied wrong doing. [7]
In an unrelated case, Binder became involve in a scheme to defraud investors and the IRS in a short lived Ilinois-based package delivery service in 1983. [7] Binder was later imprisoned for this fraud. [8] Binder served 44 months in prison for his involvement in a tax shelter fraud. [9]
The chain continued to operate after the bankruptcy filing and Binder's imprisonment. [5] The San Vicente Blvd. location in Brentwood was prominently featured in the 1982 film Fast Times at Ridgemont High . [8]
The last All-American Burger restaurant was an independent franchise that was on Sunset Boulevard in Los Angeles. It was closed in 2010 [4] and was replaced by a Chipotle Mexican Grill. [10] The restaurant served as the filming location of the 1991 film Don't Tell Mom the Babysitter's Dead . [11]
The Securities and Exchange Commission has filed a civil suit accusing the founder of Los Angeles-based All-American Burger Inc. of fraud in selling his stock shortly before it went into bankruptcy. Aaron M. Binder, the defendant, immediately consented to entry of a permanent injunction without admitting the allegations. The complaint, filed in U.S. District Court on Tuesday, said Binder was president of the hamburger restaurant franchiser from its founding in 1968 until January 1980, and a director until last March 30.
Offer good only at 829 Wilshire Blvd. Santa Monica. Free Cokes & Fries. 60c Value with purchase of one of our three famous All American Burgers: The Hickory Steak Burger, The Chili Beef Burger, The All American Burger