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In-N-Out Burgers, [4] [5] doing business as In-N-Out Burger, is an American regional chain of fast food restaurants with locations primarily in California and to a lesser extent the Southwest from Oregon to Texas. [6] It was founded in Baldwin Park, California, in 1948 by Harry (1913–1976) and Esther Snyder (1920–2006).
In-N-Out Burger began the same year and 45 minutes away from McDonald’s, but it has charted a very different path. It rarely advertises beyond billboards and radio jingles; it has never done ...
A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the United States.It was originally known as the Uniform Franchise Offering Circular (UFOC) (or uniform franchise disclosure document), prior to revisions made by the Federal Trade Commission in July 2007.
The franchise rule defines acts or practices that are unfair or deceptive in the franchise industry in the United States. The franchise rule is published by the Federal Trade Commission . The franchise rule seeks to facilitate informed decisions and to prevent deception in the sale of franchises by requiring franchisors to provide prospective ...
Snyder is a proponent of the servant leadership style, and has repeatedly pledged to maintain her family's legacy by refusing to ever sell or franchise In-N-Out. During her presidency, the number of In-N-Out locations has nearly doubled, from fewer than 250 stores to 400 as of December 2023, and the company now operates in eight states. [21]
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]