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TheDailyMeal.com: Biggest Chain Restaurant Fails

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Lum's

This chain of hot dog stands was founded in Miami Beach in 1956 by the Pearlman family, and at its peak there were more than 400 locations nationwide. The South Florida fixture, whose trademark was hot dogs steamed in beer, was so successful, in fact, that the company went public and bought Caesars Palace in Las Vegas in 1969. The chain was purchased by Wienerwald in 1978, but overextended itself and filed for bankruptcy a few years later. Today there’s only one Lum’s left, in Bellevue, Neb.

(Credit: Wikimedia Commons/ Roy Erickson )
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