In the late 1950s, McDonald’s executives discovered that being in the real estate business was more profitable than focusing solely on the food business. McDonald’s founder Ray Kroc had a business partner, Harry J. Sonneborn, who devised a plan to purchase or lease the land on which nearly all McDonald’s restaurants would be located. He then charged franchisees a monthly rental fee for the land, or a percentage of their sales, whichever was greater. The rest, as they say, is entrepreneurial history.
It’s been said the opioid epidemic does not discriminate. Its impact is felt in all communities — rural or urban, big or small, wealthy or poor. As was noted at a recent Senate hearing, nearly every American has been touched in some way by this crisis.
Policymakers are looking to attack...Read More