7 Most Brilliant Franchise Founders

Bangalore: The history of franchise speaks about many amazing riches to rags tales. Many of these stories today have entered the domain of modern business. The FranchiseHelp, consumer and industry subscriber and Matt Wilson came up with a list of famous franchise founders. It is tough to rank all them as all are great candidates. Considering the debate won’t come to an end, listed below are franchise that turned out to be famous and if you feel some of them are missing in the list, you can post a comment below and you can let us know.

Raymond Albert Kroc -- McDonald’s

Ray Kroc was the milkshake salesman recognized for taking a small McDonald’s chain and spinning it into a universal phenomenon.  Kroc acquired the company from the McDonald’s brothers in 1954 when he became annoyed that McDonald’s wasn’t growing quickly or proficiently enough.  The iconic businessman took Henry Ford’s thoughts and applied them to fast food, and his consistency paved the way for many other franchise concepts, as acknowledged in Michael Gerber’s The E-Myth.

Kroc claimed to fame with his ability to duplicate McDonald’s restaurants across the globe but the real brilliance of his approach and key driver of profits for the company was the system’s original real estate: Kroc aimed to own the land his franchises were built on and to make money not only from franchisee royalties but from restaurant rental income as well.  Unnecessary to say, the approach worked.  By 1985, McDonald’s had sold its 50 billionth burger.  There are at the present over 31,000 McDonald’s worldwide.