In-N-Out
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In-N-Out
In-N-Out Burger is an American regional chain of fast food restaurants with locations primarily in California and the Southwest. It was founded in Baldwin Park, California, in 1948 by Harry (1913–1976) and Esther Snyder (1920–2006). The chain is currently headquartered in Irvine, California and has expanded outside Southern California into the rest of California, as well as into Arizona, Nevada, Utah, Texas, Oregon, and Colorado, and is planning an expansion into Idaho. The current owner is Lynsi Snyder, the Snyders' only grandchild. As the chain has expanded, it has opened several distribution centers in addition to its original Baldwin Park location. The new facilities, located in Lathrop, California; Phoenix, Arizona; Draper, Utah; Dallas, Texas; and Colorado Springs, Colorado will provide for potential future expansion into other parts of the country. In-N-Out Burger has chosen not to franchise its operations or go public; one reason is the prospect of food quality or ...
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Lynsi Snyder
Lynsi Lavelle Snyder-Ellingson (previously Seawell, Martinez, and Torres; born May 5, 1982) is an American billionaire businesswoman, the owner and heiress of the In-N-Out Burger company. She is the only child of Lynda and H. Guy Snyder and the only grandchild of Harry and Esther Snyder, who founded In-N-Out in 1948. According to the Bloomberg Billionaires Index, in 2012, Snyder was the youngest American female billionaire. As the sole beneficiary of family trusts, she received control of the company's stock in its entirety on her 35th birthday, becoming the sole owner.Patrick KigerIn-N-Out's Burger Queen ''Orange Coast'', January 27, 2014. Early life Snyder was born in San Dimas, California, to Lynda Lou (née Wilson) and Harry Guy Snyder. She is of Dutch descent on her father's side. When she was 12, her parents separated and she moved with her mother to the small town of Shingletown, California, where she lived on a ranch. She graduated from Country Christian School, a priva ...
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Esther Snyder
Esther Lavelle Snyder (née Johnson) (January 7, 1920 – August 4, 2006) was an American businesswoman. She co-founded In-N-Out Burger, with her husband Harry Snyder, in 1948. Early life Snyder was born and raised in Sorento, Illinois, as one of eight children (seven daughters, one son). She attended Greenville College and graduated from Seattle Pacific University with a bachelor's degree in zoology. Marriage and family She met Harry Snyder in 1947, while working at a restaurant in Seattle; the two were married the following year and moved to Baldwin Park, California. Esther and Harry Snyder had two sons: Harry Guy (more commonly referred to as simply "Guy"; born 1951) and Richard Snyder (born 1952) and one granddaughter from their first son Guy: Lynsi Martinez, Lynsi (born 1982). Esther outlived her husband, who died in 1976 and both of their sons, one of whom died in a plane crash and the other of a drug overdose. Death Snyder died on August 4, 2006, in Baldwin Park, Californ ...
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Harry Snyder
Harry Snyder (September 9, 1913 – December 14, 1976) was a Canadian-born businessman. He founded In-N-Out Burger along with his wife Esther Snyder. Snyder was one of the first people to develop the idea of a drive-through hamburger restaurant, where customers could order their food via an intercom. His wife and he opened the first IN-N-OUT Burger on October 22, 1948, in the Los Angeles suburb of Baldwin Park, California. In-N-Out is described as California's first drive-through. By the mid-1950s, the chain had expanded to six stores in the Los Angeles area. By the time of Snyder's death in 1976 from lung cancer Lung cancer, also known as lung carcinoma (since about 98–99% of all lung cancers are carcinomas), is a malignant lung tumor characterized by uncontrolled cell growth in tissues of the lung. Lung carcinomas derive from transformed, malign ..., the company had expanded to 18 stores. References External links * Further reading * 1913 births 1976 d ...
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Baldwin Park, California
Baldwin Park is a city located in the central San Gabriel Valley region of Los Angeles County, California, United States. As of the 2020 census, the population was 72,176, down from 75,390 at the 2010 census. History Baldwin Park began as part of cattle grazing land belonging to the San Gabriel Mission. It eventually became part of the Rancho Azusa de Dalton and the Rancho La Puente properties. The community became known as Vineland in 1860. By 1906 it changed to Baldwin Park. It was named after Elias J. "Lucky" Baldwin. In 1956 Baldwin Park became the 47th incorporated city in the State of California. Currently the city is pushing to revitalize its economic base. There are six active Project Redevelopment Areas located in strategic areas of the city. Projects within these redevelopment areas are as diverse, including high-quality senior housing, Home Depot, Starbucks, Harley Davidson, a transit oriented district (TOD) near the Metrolink Train Station and various other thr ...
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Fast Food Restaurant
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast-food cuisine and has minimal table service. The food served in fast-food restaurants is typically part of a " meat-sweet diet", offered from a limited menu, cooked in bulk in advance and kept hot, finished and packaged to order, and usually available for take away, though seating may be provided. Fast-food restaurants are typically part of a restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. The term "fast food" was recognized in a dictionary by Merriam–Webster in 1951. Arguably, the first fast-food restaurants originated in the United States with White Castle in 1921. Today, American-founded fast-food chains such as McDonald's (est. 1940) and KFC (est. 1952) are multinational corporations with outlets a ...
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Fast Food Restaurant
A fast-food restaurant, also known as a quick-service restaurant (QSR) within the industry, is a specific type of restaurant that serves fast-food cuisine and has minimal table service. The food served in fast-food restaurants is typically part of a " meat-sweet diet", offered from a limited menu, cooked in bulk in advance and kept hot, finished and packaged to order, and usually available for take away, though seating may be provided. Fast-food restaurants are typically part of a restaurant chain or franchise operation that provides standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. The term "fast food" was recognized in a dictionary by Merriam–Webster in 1951. Arguably, the first fast-food restaurants originated in the United States with White Castle in 1921. Today, American-founded fast-food chains such as McDonald's (est. 1940) and KFC (est. 1952) are multinational corporations with outlets a ...
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Irvine, California
Irvine () is a Planned community, master-planned city in South Orange County, California, United States, in the Los Angeles metropolitan area. The Irvine Company started developing the area in the 1960s and the city was formally incorporated on December 28, 1971. The city had a population of 307,670 at the 2020 United States Census, 2020 census. A number of corporations, particularly in the technology and semiconductor sectors, have their national or international headquarters in Irvine. Irvine is also home to several higher education institutions including the University of California, Irvine (UCI), Concordia University Irvine, Concordia University, Irvine Valley College, the Orange County Center of the University of Southern California (USC), and campuses of California State University Fullerton (CSUF), University of La Verne, and Pepperdine University. History The Gabrieleño indigenous group inhabited Irvine about 2,000 years ago. Gaspar de Portolà, a Spanish explorer, cam ...
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John Wiley & Sons
John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, in print and electronically, as well as online products and services, training materials, and educational materials for undergraduate, graduate, and continuing education students. History The company was established in 1807 when Charles Wiley opened a print shop in Manhattan. The company was the publisher of 19th century American literary figures like James Fenimore Cooper, Washington Irving, Herman Melville, and Edgar Allan Poe, as well as of legal, religious, and other non-fiction titles. The firm took its current name in 1865. Wiley later shifted its focus to scientific, technical, and engineering subject areas, abandoning its literary interests. Wiley's son John (born in Flatbush, New York, October 4, 1808; died in East Orange, New Je ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in ...
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Lathrop, California
Lathrop is a city located south of Stockton in San Joaquin County, California, United States. The 2022 California Census reported that Lathrop's population was 30,659. The city is located in the San Joaquin Valley in Northern California at the intersection of Interstate 5 and California State Route 120. History Lathrop was platted when the transcontinental railroad was extended to that point around 1868. A post office has been in operation at Lathrop since 1871. The city was named for Jane Stanford, née Lathrop, wife of Leland Stanford. On September 6, 1869, four months after the golden spike ceremony of the first transcontinental railroad at Promontory Summit, the San Joaquin Railroad Bridge at Mossdale crossing at Lathrop was finished by Western Pacific. This actually completed the last link of the transcontinental railroad to the Pacific coast with the first through train from Sacramento arriving that evening at the Alameda Wharf in San Francisco Bay. On August 14, 1889 ...
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Colorado Springs
Colorado Springs is a home rule municipality in, and the county seat of, El Paso County, Colorado, United States. It is the largest city in El Paso County, with a population of 478,961 at the 2020 United States Census, a 15.02% increase since 2010. Colorado Springs is the second-most populous city and the most extensive city in the state of Colorado, and the 40th-most populous city in the United States. It is the principal city of the Colorado Springs metropolitan area and the second-most prominent city of the Front Range Urban Corridor. It is located in east-central Colorado, on Fountain Creek, south of Denver. At the city stands over above sea level. Colorado Springs is near the base of Pikes Peak, which rises above sea level on the eastern edge of the Southern Rocky Mountains. History The Ute, Arapaho and Cheyenne peoples were the first recorded inhabiting the area which would become Colorado Springs. Part of the territory included in the United States' 1803 Lo ...
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