History of McDonald’s Franchises

Money Matters & Business Start-Up

Avoiding Financial Pitfalls Traveling salesman Ray Albert Kroc started the McDonald’s empire after buying the name and concept from the McDonald brothers in the 1950s, but turning a profit proved to be a challenge, despite the popularity of the hamburgers. Although Kroc sold 200 franchises within five years and the unit’s were grossing $37 million […]

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