.It was founded in 1940 on small-scale as the Barbecue restaurant and Richard and Maurice McDonald taken the responsibility to operate it in the beginning and continued serving this corporation which later on after 8 years (in 1948) turned in to the hamburger stand. Prior to its extension a richest man of that time named Ray Kroc decided to join the firm as the franchise agent during 1955. Afterward he purchased the overall business from McDonald Brothers and further extended the chain by spreading this business throughout the world.
CORPORATION AT A GLANCE
| All About McDonald’s |
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 Official Name : McDonald’sFounded in : May 15, 1940
Type : Public Property
Industry : Restaurants/Fast Food
Number of locations 34,000+ worldwide
Founder : Richard , Maurice McDonald
Key people : Andrew J. McKenna (Chairman)
Don Thompson (President and CEO)
Headquartered In : Oak Brook, Illinois, United States
Served Area : Worldwide (Almost all countries of world)
Popular Products : Fast food (Pizza, Chicken Burgers , french fries, milkshakes , desserts ,
hamburgers, coffee , salads , Numerous Types of Soft Drinks and BreakFast)
Number of Employees : 1,800,000
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which country does McDonald’s restaurants originally belongs to?
Basically its restaurants can be operated by different heads such as either by an affiliate or a Franchisee or the corporation can run that business at its own behalf. It has numerous source that are increasing its revenue such as the payments received from the franchisee, rents and various types of royalties received.
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