Tom Monaghan, from childhood, had big dreams and saved money to go after something good. And in 1960, on his brother’s idea, he bought a local pizza business with him.
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On good credit of Jim, they took out a $900 loan from the bank to support the business. But soon, Jim left, leaving Tom to figure out everything on his own.
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Tom knew that the business would thrive. So, he partnered with other pizza outlets and expanded the business.
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It’s not like that after expansion, Domino’s Pizza was on high time. Instead, they faced a $943.2 million debt at the beginning of 2004.
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Despite the hardship, Domino’s Pizza survived and now operates over 17,000 stores with $14.3 billion.
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