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The business plan was rejected numerous times by potential investors, so Graves and Silvey earned the needed money working various manual labor jobs. [6] They obtained an SBA loan, which they used to open their first restaurant, located in Baton Rouge at the intersection of Highland Road and State Street near the LSU campus.
The restaurant industry in the United States is large and quickly growing, with 10 million workers. 1 in every 12 U.S. residents work in the business, and during the 2008 recession, the industry was an anomaly in that it continued to grow. Restaurants are known for having low wages, which they claim are due to thin profit margins of 4-5%.
The American fast-food restaurant chain McDonald's was founded in 1940 by the McDonald brothers, Richard and Maurice, and has since grown to the world's largest restaurant chain by revenue. [1] The McDonald brothers began the business in San Bernardino, California where the brothers set out to sell their barbecue. However, burgers were more ...
Afterwards, Ells created a board of directors and business plan, raising an additional $1.8 million for the company. [16] Ells had originally planned to use funds from the first Chipotle to open a fine-dining restaurant, but instead focused on Chipotle Mexican Grill when the restaurants saw success. [17] [18]
Some have left the restaurant business, others are inching their way back. Do they see a sustainable path for the future?
In 1987, Nobu Matsuhisa moved to Los Angeles and opened the eponymous restaurant Matsuhisa. Actor Robert De Niro first visited the restaurant in 1988. After that, he became a regular customer. [1] In 1989, De Niro suggested to Matsuhisa that he open a restaurant in Tribeca, New York City. While Matsuhisa thought De Niro's proposal was ...
On Oct. 25, the West Allis Plan Commission approved the site, landscaping, and architectural design for a new Checkers at 11013 W. Greenfield Ave., West Allis. This location is next to Wendy's and ...
Shari's logo (2003–2011) Shari's began in Hermiston, Oregon, in 1978 with Ron and Sharon "Shari" Bergquist as proprietors. [10] The two ran the company for seven years. By 1999, Shari's was the ninth-largest family restaurant chain in the United States based on total sales, and sixth in growth.