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CosMc's [a] is an American concept fast food restaurant and spinoff brand by McDonald's. [4] Its menu focuses on hot and cold specialty drinks. [5] It launched on December 7, 2023, with a drive-thru only location in the Chicago suburb of Bolingbrook, Illinois.
Big Boy Restaurant Group and Frisch's Big Boy Restaurants both continue to offer franchises in their exclusive territories, each having 20 year terms. As of 2023, Big Boy Restaurant Group charged a $50,000 franchise fee and an ongoing 4% royalty and up to 3% advertising fees based on weekly gross revenue.
The oldest operating McDonald's restaurant is the third one built, opened in 1953. It is located at 10207 Lakewood Blvd. at Florence Ave. in Downey, California (at . Siblings Richard and Maurice McDonald opened the first McDonald's at 1398 North E Street at West 14th Street in San Bernardino, California, on May 15, 1940.
In June 1956, they opened their first restaurant in Urbana, Illinois, only the third McDonald's restaurant to open outside California. The Urbana store proved popular with students, professionals, and young families at the University of Illinois. It did so well that the group decided to open additional stores in Decatur, and Peoria, Illinois. [1]
It opened under the aegis of his franchising company McDonald's Systems, Inc., which became McDonald's Corporation after Kroc purchased the McDonald brothers' stake in the firm. Kroc's restaurant was the first McDonald's built in a colder climate, and some adaptations were made to the design, including a basement with a furnace.
McDonald's Plaza in Oak Brook, Illinois, home to company headquarters from 1971 to 2018 New Zealand's first McDonald's restaurant, in Porirua in September 1976. In 1970, the first restaurant outside of Northern America opened in San José, Costa Rica. [20] In 1971, [21] McDonald's opened its first European restaurant in Zaandam, Netherlands. [22]
By the late 1990s, the chain filed for bankruptcy and closed many stores until a few hundred remained. McDonald's purchased the chain in 2000. It was sold again in 2007, then in 2020. As of November 2020, the chain had approximately 342 company-owned restaurant locations in 28 states and Puerto Rico. [4]
Compared to the US, Latin America has fewer McDonald's per person. There's one McDonald's for every 22,200 citizens in the United States. In Mexico, Costa Rica, and Panama there's one restaurant for every 254,000 citizens; in Brazil, there's one for every 310,700 citizens; and in the rest of South America, there's one for every 317,400 citizens ...