The Founder (2016)



http://www.imdb.com/title/tt4276820/

The story of how failed traveling milk shakes machines salesman Ray Kroc took Richard and Mac McDonald's "speedee" system burger restaurant and turned it into a world wide burger conglomerate.

Kroc was a thief. He broke his written contract with the MacDonald's brothers. The contract was for him to sell franchise locations and sign up new franchisee. Instead he started making changes to the way each franchise restaurant is operated, what ingredients to use, financial systems for each location, etc etc which was outside of his duties as stipulated in the contract he had with the MacDonald's brothers and furthermore, all changes to any restaurant need to be approved in writing by the McDonald's brothers.

Then when Kroc finally bought the McDonald's brothers out at $2.7 million, the original contract was that the brothers will also get 0.5% of all royalties from the profit of McDonald's corporation.

Kroc made them leave that out of the written buyout contract saying his investors who are loaning him the $2.7 million will not approve but he guaranteed the McDonald's brothers he will make good on it.

He even shook hands with the brothers but he never paid a penny of it which to this day will be $100 million a year.

Kroc didn't make money from McDonald's franchisees selling burger and fries and milkshakes. He made money by buying the land to build McDonald's on it and then by owning the building for each restaurant location and leasing it back to the franchisee along with the franchise fees and the % of their food sales profit.

McDonald's Corporation is one of the biggest, if not the biggest, owner of real estate properties in the world. That's how they make money! By being a landlord!

Kroc made so much money that after he passed away in 1984, he left the entire empire to his 3rd wife Joan and when she passed away in 2003, she donated most of it to Salvation Army, the NPR and other charities at the tune of almost $2 billion.

4/5