Professional Documents
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Pete Harman, who owned a hamburger restaurant in Salt Lake City, Utah.
Security, in 1955 Sanders incorporated and the following year took his
method. Clad in a white suit, white shirt, and black string tie,
franchised to more than 600 outlets in the United States and Canada.
Sanders had 17 employees and travelled more than 200,000 miles in one
taxes, and the business was getting too large for Sanders to handle
rose to $200,000. The offer came from an investor group headed by John
of the investor group was Pete Harman, who had been the first to
Florida. As chairman and CEO, Massey trained Brown for the job;
Within three years, Brown and Massey had transformed the "loosely
knit, one-man show ... into a smoothly run corporation with all the
Jamaica, and the Bahamas. With 1,500 take-out stores and restaurants,
all the basics. While typical costs for a complete Kentucky Fried
Chicken start-up ran close to $65,000, some franchisees had already
The revolutionary choice Massey and Brown made was to change the
stand-up, take-out store emphasizing fast service and low labor costs.
This idea created, by 1970, 130 millionaires, all from selling the
growth came with its cost, as Brown remarked in Business Week: "At one
lasted more than a year or two. There was too much money to be made as
entrepreneurs.