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To all In-N-Out Burger Lover (60th Year Anniversary)

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To all In-N-Out Burger Lover (60th Year Anniversary)

Old 10-23-08, 11:09 AM
  #126  
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There's an In-n-Out about a minute up the street from my house.. no angry mobs either. I was expecting an all-out melee given the clientele at this specific location.
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Old 10-23-08, 05:42 PM
  #127  
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For fans of In-N-Out and Olivia Munn....

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Old 10-23-08, 06:38 PM
  #128  
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Goddammit! Somebody make this thread disappear! I get hungry everytime I see it.
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Old 10-23-08, 06:49 PM
  #129  
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Originally Posted by TomOpus View Post
For fans of In-N-Out and Olivia Munn....

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That's an In-n-Out cup, but that sure as hell is NOT an I/O burger!
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Old 10-24-08, 12:42 AM
  #130  
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i don't see the burger, fries nor drink... where is she from?
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Old 10-24-08, 11:06 AM
  #131  
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Attack of the Show on G4 - she is so freaking cool. Hot chick that can hang as one of the guys!
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Old 10-24-08, 12:52 PM
  #132  
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Sigh. The perfect woman.
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Old 02-06-13, 12:41 AM
  #133  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

I thought this was an interesting article about the ownership of In-N-Out Burger. Never knew it was owned by a 30 year old woman who has been married three times, and likes drag racing.


http://finance.yahoo.com/news/younge....html?page=all

Youngest American Woman Billionaire Found With In-N-Out
BloombergBy Seth Lubove | Bloomberg – Mon, Feb 4, 2013 12:00 PM EST

Spoiler:


Lunchtime at the flagship In-N-Out Burger restaurant in Baldwin Park, California, is a study in efficiency. As the order line swells, smiling workers swoop in to operate empty cash registers. Another staffer cleans tables, asking customers if they're enjoying their hamburger. Outside, a woman armed with a hand-held ordering machine speeds up the drive-through line.

Such service has helped In-N-Out create a rabid fan base -- and make Lynsi Torres, the chain's 30-year-old owner and president, one of the youngest female billionaires on Earth. New store openings often resemble product releases from Apple Inc. (AAPL), with customers lined up hours in advance. City officials plead with the Irvine, California-based company to open restaurants in their municipalities.

"They have done a fantastic job of building and maintaining a kind of cult following," said Bob Goldin, executive vice president of Chicago-based food industry research firm Technomic Inc. "Someone would love to buy them."

That someone includes billionaire investor Warren Buffett, who told a group of visiting business students in 2005 that he'd like to own the chain, according to an account of the meeting on the UCLA Anderson School of Management website.

The thrice-married Torres has watched her family expand In- N-Out from a single drive-through hamburger stand founded in 1948 in Baldwin Park by her grandparents, Harry and Esther Snyder, into a fast-food empire worth more than $1 billion, according to the Bloomberg Billionaires Index.

Biblical Citations

Famous for its Double-Double cheeseburgers, fresh ingredients and discreet biblical citations on its cups and food wrappers, In-N-Out has almost 280 units in five states. The closely held company had sales of about $625 million in 2012, after applying a five-year compound annual growth rate of 4.6 percent to industry trade magazine Nation's Restaurant News's 2011 sales estimate of $596 million.

In-N-Out is valued at about $1.1 billion, according to the Bloomberg ranking, based on the average price-to-earnings, enterprise value-to-sales and enterprise value-to-earnings before interest, taxes, depreciation and amortization multiples of five publicly traded peers: Yum! Brands Inc. (YUM), Jack in the Box Inc., Wendy's Co. (WEN), Sonic Corp. (SONC) and McDonald's Corp. (MCD) Enterprise value is defined as market capitalization plus total debt minus cash.

One private equity executive who invests in the food and restaurant industry said the operation could be valued at more than $2 billion, based on its productivity per unit, profitability and potential for expansion. The person asked not to be identified because he is not authorized to speak about his company's potential investments.

Plane Crash

"In-N-Out Burger is a private company and this valuation of the company is nothing more than speculation based on estimates from people with no knowledge of In-N-Out's financials, which are and always have been private," Carl Van Fleet, the company's vice president of planning and development, said in an e-mailed statement.

Torres, who has never appeared on an international wealth ranking and declined to comment for this article, came to control In-N-Out after several family deaths. When her grandfather Harry died in 1976, his second son, Rich, took over as company president and expanded the chain to 93 restaurants from 18.

Torres's father, Harry Guy Snyder, became chief executive following Rich's 1993 death in a plane crash at age 41. The chain expanded to 140 locations under Guy, who inherited his father's passion for drag racing.

Ford Cobra

When he died of a prescription drug overdose at age 49 in 1999, Snyder's estate included 27 cars and other vehicles, including a 1965 Ford Cobra and a pair of 1960's-era Dodge Dart muscle cars, according to his will.

Torres's grandmother Esther -- Harry's widow -- maintained control of the company until her death in 2006 at age 86. When she died, Torres was the sole family heir. She now controls the company through a trust that gave her half ownership when she turned 30 last year, and will give her full control when she turns 35. The company has no other owners, according to an Arizona state corporation commission filing.

Few in the restaurant industry have met or know much about the hamburger heiress.

"I have no clue about her," said Janet Lowder, a Rancho Palos Verdes, California, restaurant consultant, who said she was one of the few people to extract the company's internal finances from Esther Snyder in the 1980's for industry-wide surveys. "I was even surprised there was a granddaughter."

Limited Menu

Torres has little formal management training and no college degree. The company was structured to carry on after the demise of its founders, according to a 2003 Harvard Business School case study. In-N-Out has never franchised to outside operators, the Harvard researchers said, giving up a low-cost revenue stream in exchange for maintaining quality control.

In a 2005 article in the Harvard Business Review, Boston- based Bain & Co. consultants Mark Gottfredson and Keith Aspinall attributed the company's estimated 20 percent profit margins at the time to the simplicity of its limited menu. Contrast that with competitors such as Oak Brook, Illinois-based McDonald's and Miami-based Burger King Worldwide Inc. (BKW), which regularly change their food offerings.

"Other chains seem to change positions as often as they change their underwear," said Bob Sandelman, chief executive officer of San Clemente, California-based food industry researcher Sandelman & Associates.

‘Calculated Growth'

Butchers carve fresh beef chuck delivered daily to the company's distribution facility in Baldwin Park, where hamburger patties leave for restaurants on 18-wheeled refrigerated trucks outfitted with over-sized tires so the In-N-Out logo can be better seen on the highway. The company only expands as far as its trucks can travel in a day, either from the Baldwin Park complex or a newer facility in Dallas, the only two places where the company makes hamburger patties.

In-N-Out expanded to Texas in 2011, after building a warehouse and the patty facility. There are now 16 units in the state. Conrad Lyon, a Los Angeles-based senior restaurants analyst for B. Riley Caris, said additional expansion will continue to be gradual.

"I would expect slow, calculated growth," he said in a phone interview. "To outsiders the company's growth out West likely appears sluggish. However, it was management carefully leveraging its brand, real estate and distribution. As a private company-owned system, In-N-Out has the luxury of calling the shots to replicate its success without succumbing to potentially detrimental outside influences."

Complaints, Allegations

The company's pace of expansion was one of the issues at stake in an exchange of lawsuits in 2006 between Torres, In-N- Out executives and Richard Boyd, the company's former vice president of real estate and development. Boyd was one of two trustees overseeing the trust that controls the company's stock on behalf of Torres.

Among other allegations filed in California state court in Los Angeles, Boyd claimed Torres and Mark Taylor -- her brother- in-law from a half-sister -- conspired to remove Esther Snyder from the company to gain control of In-N-Out. He filed a separate petition with the probate court seeking to prevent Torres from removing him as a trustee.

Torres denied the allegations in both a formal answer to Boyd's complaint and a 2006 letter to the editor published in the Los Angeles Times, in which she said she only had "minimal involvement" in the company's business decisions, and didn't favor rapid expansion.

16 Bathrooms

The company in turn filed a breach of contract lawsuit against Boyd, alleging fraud and embezzlement in connection to Boyd's relationship to one of In-N-Out's outside construction firms. Boyd's lawyer, Philip Heller of Fagelbaum & Heller LLP in Los Angeles, said all the litigation was dismissed following a confidential settlement. Boyd resigned from the company and the trust.

"They were all in the end amicably resolved," Heller said.

Since then, Torres has refused most interview requests, even by author Stacy Perman, who wrote a 352-page book about In- N-Out in 2009. Torres asked to set up a meeting with the author after the book's publication, but it never occurred, Perman wrote in an afterword to the 2010 paperback edition.

Torres popped up in real-estate blogs in September, after buying a $17.4 million, 16,600-square-foot mansion in the wealthy enclave of Bradbury, California, in the foothills of the San Gabriel Mountains. A Realtor.com listing for the house described it as having seven bedrooms, 16 bathrooms, a pool, a tennis court and other amenities.

Drag Racing

Torres is one of almost 90 hidden billionaires discovered by Bloomberg News since the debut of the Bloomberg Billionaires Index in March 2012. Among them: Dirce Camargo, the richest woman in Brazil, and Elaine Marshall, the fourth-richest woman in America.

Like Camargo and Marshall, Torres maintains a low profile. Her most visible presence has been on the drag strip. She competes in the National Hot Rod Association's Super Gas and Top Sportsman Division 7 categories, alternating between a 1970 Plymouth Barracuda and a 1984 Chevrolet Camaro, according to NHRA results. Her third husband, Val Torres Jr., is also a race- car driver.

Whether the mother of twins will maintain ownership in the chain after she gains full control in five years is uncertain, said John Gordon, founder of San Diego-based restaurant consultant Pacific Management Consulting Group.

"It's an open question whether she may have different feelings later," said Gordon. "Like most kids, or second or third generations of a very wealthy family, I don't know that she has restaurant blood in her veins, or if she's a trust fund baby."
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Old 02-06-13, 06:01 AM
  #134  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

I'd like to give her the old in-n-out
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Old 02-06-13, 09:27 AM
  #135  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by mhg83 View Post
I'd like to give her the old in-n-out
She's rather attractive even without the billion dollar hamburger stand.
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Old 02-06-13, 09:47 AM
  #136  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)





Not many pictures available but she looks better with darker hair.
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Old 02-06-13, 09:53 AM
  #137  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

I use to know some of the people in her family and she's a hot mess, or at least she used to be, before the business fell fully into her lap. I think she's straightened up a little since then.
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Old 02-06-13, 11:29 AM
  #138  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Here in Orange County the news about this family has always made headlines since the founder's death. It's such a confusing story. That article leaves out the sordidness, but I think you can read between the lines: Lots of drug use and wild behavior from every generation down the ladder.

But they sure make a tasty burger!
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Old 02-06-13, 11:34 AM
  #139  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Looks like she might have some decent jugs on her.
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Old 02-06-13, 11:47 AM
  #140  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Damn, she's been married 3 times already.
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Old 02-06-13, 12:09 PM
  #141  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

In situations like these, there's a person or people that are REALLY running things. This chick is most likely just cashing the checks and living well. In n Out better hope that the person who's really running things continues to do so for a while, or at least has a plan to promote somebody to that position in the future. So often companies take a giant dump when the founder dies and the kids are deadbeats. The trick is having real businesspeople in place to run the company once the founder is gone.

It looks like the son of the founder was a good businessman and ran the company as well or better than the founder. More than likely, after that, smart people within the company, who weren't family members, began to run the company and I would assume that is still going on with this girl being the owner but having no day to day responsibilites.

That's just my guess...I could be totally wrong.

Since I live in Minnesota, I couldn't care less, but I did have an In n Out once and it was great. Even though it doesn't affect me here, I would still consider it a shame if the company goes downhill due to lack of leadership.
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Old 02-06-13, 12:46 PM
  #142  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by Mabuse View Post
Here in Orange County the news about this family has always made headlines since the founder's death. It's such a confusing story. That article leaves out the sordidness, but I think you can read between the lines: Lots of drug use and wild behavior from every generation down the ladder.
Don't worry, the bible verse on the bottom of the cup absolves her of any sin.
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Old 02-06-13, 02:03 PM
  #143  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by wishbone View Post




Not many pictures available but she looks better with darker hair.
I can do her "animal style."
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Old 02-06-13, 02:38 PM
  #144  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by whoopdido View Post
In situations like these, there's a person or people that are REALLY running things. This chick is most likely just cashing the checks and living well. In n Out better hope that the person who's really running things continues to do so for a while, or at least has a plan to promote somebody to that position in the future. So often companies take a giant dump when the founder dies and the kids are deadbeats. The trick is having real businesspeople in place to run the company once the founder is gone.

It looks like the son of the founder was a good businessman and ran the company as well or better than the founder. More than likely, after that, smart people within the company, who weren't family members, began to run the company and I would assume that is still going on with this girl being the owner but having no day to day responsibilites.

That's just my guess...I could be totally wrong.

Since I live in Minnesota, I couldn't care less, but I did have an In n Out once and it was great. Even though it doesn't affect me here, I would still consider it a shame if the company goes downhill due to lack of leadership.
Everybody since the founder has been a pretty big fuck up (save for his widdow who controlled the company for a while), but luckily the company is run by smart people and somehow hasn't been capsized by its crazy ownership.
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Old 02-06-13, 02:49 PM
  #145  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

That limited menu thing is fascinating and makes sense for some reason. I heard about how this was thought to be part of the success of In and Out a few years ago.
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Old 02-06-13, 02:55 PM
  #146  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by Giantrobo View Post
That limited menu thing is fascinating and makes sense for some reason. I heard about how this was thought to be part of the success of In and Out a few years ago.
I think it's a great idea. Have just a few items, but do those items really well. Too many restaurants, especially fast food restaurants try to do too many things. They have hamburgers, cheeseburgers, fries and shakes and don't apologize for not having anything else. If you want a salad, fish or chicken go to McDonald's. It's so simple, yet genius at the same time.
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Old 02-06-13, 02:57 PM
  #147  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by whoopdido View Post
I think it's a great idea. Have just a few items, but do those items really well. Too many restaurants, especially fast food restaurants try to do too many things. They have hamburgers, cheeseburgers, fries and shakes and don't apologize for not having anything else. If you want a salad, fish or chicken go to McDonald's. It's so simple, yet genius at the same time.
I'm sure it's way better from an inventory perspective as well.
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Old 02-06-13, 03:04 PM
  #148  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by wishbone View Post




Not many pictures available but she looks better with darker hair.
She can play Betty and Veronica in an Archie movie.
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Old 02-06-13, 03:05 PM
  #149  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by whoopdido View Post
I think it's a great idea. Have just a few items, but do those items really well. Too many restaurants, especially fast food restaurants try to do too many things. They have hamburgers, cheeseburgers, fries and shakes and don't apologize for not having anything else. If you want a salad, fish or chicken go to McDonald's. It's so simple, yet genius at the same time.


Adding in the "Secret menu" variations to the menu was a another genius move.
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Old 02-06-13, 03:11 PM
  #150  
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Re: To all In-N-Out Burger Lover (60th Year Anniversary)

Originally Posted by Giantrobo View Post
Adding in the "Secret menu" variations to the menu was a another genius move.
True that. I hardly know anything about the company, but from what little I do know about it and the one experience I've had eating there, it seems like a very well run company. Somebody knows what they're doing.

Somehow they've resisted the urge to do what pretty much all of their competitors have done, which is add a bunch of shit to the menu that the masses don't want and expand too quickly while sacrificing the quality of their product. Now it's worth a billion dollars and, as far as I know, is well respected as a company vs McDonald's, which so many people consider to be pretty much an evil entity Hell bent on killing the entire world with their shitty food.

I wish I had In n Out here. I have to settle for Wendy's. Five Guys tries to be In n Out, but I've come to the conclusion that Five Guys just ain't that good. Wendy's really is pretty good.
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