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company profile
Domino's Pizza
Gautam Kumar
September 15, 2020 08:09:18 PM
5 minutes
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Domino's Pizza
In
1961,
Tom
Monaghan
and
his
brother,
James,
took
over
the
operation
of
DomiNick's,
an
existing
location
of
a
small
pizza
restaurant
chain
that
had
been
owned
by
Dominick
DiVarti,
at
507
Cross
Street
(now
301
West
Cross
Street)[8]
in
Ypsilanti,
Michigan,[9]
near
Eastern
Michigan
University.[10]
The
deal
was
secured
by
a
$500
down
payment,
and
the
brothers
borrowed
$900
to
pay
for
the
store.[11]
The
brothers
planned
to
split
the
work
hours
evenly,
but
James
did
not
want
to
quit
his
job
as
a
full-time
postman
to
keep
up
with
the
demands
of
the
new
business.
Within
eight
months,
James
traded
his
half
of
the
business
to
Tom
for
the
Volkswagen
Beetle
they
used
for
pizza
deliveries.[11]
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