1961 News Wednesdays – Ray Kroc Buys McDonald’s

In 1961, Ray Kroc realized what a gold mine the McDonald brothers, Mac and Dick, were sitting on in their little fast-food restaurant chain from San Bernardino, CA, and he brought them out for $2.7 Million. Of course, he went on to create his own gold mine out of the business, as we all know, but in 1961, he was probably taking quite a risk.

First McDonalds in San Bernardino, California

First McDonalds in San Bernardino, California

Info & photo courtesy of Wikipedia.

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