Lum's, Inc. (Restaurants)
Lum's, Inc. (Restaurants)
- Only one piece available...
- Inventory on the way
You will receive the exact certificate pictured
Guaranteed authentic
Over 50 years old
Common stock
January 8, 1971
Issued, canceled
American Bank Note Company
Machine printed signatures
12" (w) by 8" (h)
NA
Historical Context
Lum's was an American family restaurant chain based in Florida, with locations in several states. It was founded in 1956 in Miami Beach, Florida, by Stuart and Clifford S. Perlman when they purchased Lum's hot dog stand for $10,000. Over the next few years, the Perlman brothers opened three additional Lum's restaurants, for a total of four by 1961.
Clifford Perlman, in addition to owning Lum's, had been serving as the president of Southern Wood Industries, Inc., resigned that position to work full-time for Lum's. Under the brothers, Lum's began aggressively expanding and franchising; the signature item was hot dogs steamed in beer. In 1969, Lum's, Inc. was admitted to the New York Stock Exchange.
Lum's, Inc. purchased Caesars Palace for $60 million in 1969. At that time, Caesars was a 500-room hotel-casino on the Las Vegas strip. The food operations of Lum's, Inc. were sold in 1971 to John Y. Brown, then chairman of Kentucky Fried Chicken along with a group of investors. At the time of sale, the company owned and franchised 400 stores in the continental US, Hawaii, Puerto Rico, and Europe.
In 1978, Wienerwald Holdings, A.G., a Swiss holding company and parent of the Wienerwald restaurant chain, under the direction of Friedrich Jahn, purchased the 273 restaurant chain from Brown. Wienerwald had overextended itself and was forced to file for bankruptcy in 1982. Two Jahn-controlled Lum's franchises were also forced to close all of their 70 Lum's locations and file for bankruptcy.
The original Lum's location closed in 1983. For a time, there was only one Lum's operating, in Bellevue, Nebraska. In 2010 a Lum's opened in Seekonk, Massachusetts, but later closed, leaving the Nebraska restaurant as the sole location. The Bellevue location closed on May 28, 2017.
The Miami Beach location was still open around 1998.
For a time in the 1970s, the company's commercial spokesman was Milton Berle.
Related Collections
Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
Shipping
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.