Dennis Onken
on November 27, 2020
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Quick history, in case you live on the East Coast, or if you're just not all that into hamburgers.
In-N-Out launched in California in 1948, a few years before Ray Kroc first got involved with McDonald's, and it followed a completely different model.
No franchises, no going public, no pivoting to turn into a real estate company that mostly leases land to the people running its brand of restaurants.
Instead, the company stayed in the family of Harry and Esther Snyder; it's now majority owned by Lynsi Snyder-Ellingson, 38, the only grandchild of the founders.
Reportedly, the average In-N-Out location is about twice as profitable as an average McDonald's.
And, the company grew much more slowly -- staying 100 percent in California for its first 44 years.
Even now, In-N-Out is located mainly in the Southwest: California, Arizona, Nevada, Utah, Texas, Oregon -- plus Colorado.
Dimension: 667 x 348
File Size: 42 Kb
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