Restaurant Chains Facts

McDonald's quietly owned 90% of Chipotle from 1998 to 2006. They invested $360 million and grew the chain from 16 to 500 restaurants. Then McDonald's pushed for drive-throughs. The founder said no. McDonald's sold for $1.5 billion. Chipotle is now worth $38 billion.

Howard Johnson's was once America's biggest restaurant chain. It had over 1,000 orange-roofed diners selling 28 flavors of ice cream and fried clams. In the 1960s it was bigger than McDonald's, Burger King, and KFC. The chain shrank for decades. Only one restaurant was left, in Lake George, New York. That last Howard Johnson's closed in 2022. Today there are zero left in America.