History
The very first Burger Ranch was opened in Rothsay street, Benoni (בֶּןאוֹנִי), South Africa by George Halamandres in the 1960s. It was a steakhouse with beautiful wooden Western benches, quality rectangular porcelain plates and stainless steel cutlery. Burger Ranch was very successful and many branches were opened across South Africa. The first Burger Ranch in Israel opened in 1972 on Ben Yehuda Street in Tel Aviv. In 1978, a second restaurant opened on Ibn Gvirol Street. Two more branches opened in 1979 in Ramat Hasharon and Dizengoff Center. By 1993, when McDonald's entered the Israeli market, Burger Ranch was the largest restaurant chain in Israel, with 49 restaurants.
In 1992, when Burger King entered the Israeli market, it discussed a deal with Burger Ranch chain but the talks failed. Burger King went on to open 50 restaurants. Burger Ranch tried to take over Burger King in Israel, but was blocked by monopoly laws. In 2005, after Burger King declared bankruptcy, it was purchased by Orgad Holdings.
In 1997, 74 percent of Burger Ranch was acquired by Paz Oil Company Ltd.. At the end of 2001, Paz completed the acquisition, becoming 100 percent owners of the chain. New branches of Burger Ranch were opened at Paz gas stations. In 2006, Paz sold the chain to the Israeli businessman Yossi Hoshinski. In early 2008 Hoshinshki died of a heart attack, and the company went into bankruptcy.
In 2008, Orgad Holdings bought out Burger King Israel for over NIS 100 million. In 2010, it announced that Burger King would be re-branding as Burger Ranch.
Read more about this topic: Burger Ranch (Israel)
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