Domino's Pizza
- September 15, 2020 08:09:18 PM
- 5 minutes
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Domino's Pizza
In1961,TomMonaghanandhisbrother,James,tookovertheoperationofDomiNick's,anexistinglocationofasmallpizzarestaurantchainthathadbeenownedbyDominickDiVarti,at507CrossStreet(now301WestCrossStreet)[8]inYpsilanti,Michigan,[9]nearEasternMichiganUniversity.[10]Thedealwassecuredbya$500downpayment,andthebrothersborrowed$900topayforthestore.[11]Thebrothersplannedtosplittheworkhoursevenly,butJamesdidnotwanttoquithisjobasafull-timepostmantokeepupwiththedemandsofthenewbusiness.Withineightmonths,JamestradedhishalfofthebusinesstoTomfortheVolkswagenBeetletheyusedforpizzadeliveries.[11]
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