According to Reference for business (2017), Richard and Maurice Mcdonald operated the first McDonald's restaurant in San Bernardino, California in 1948. In 1954, Ray Kroy discovered that McDonald’s was a business opportunity and bought the franchise of a small burger joint owned by Richard and MauriceError: Reference source not found. In 1955, Ray Kroy opened his first McDonald's restaurant in Des Plaines, Error: Reference source not found. At the same year, Ray Kroy also incorporated his company as McDonald’s corporation. In 1961, Ray Kroc bought out the McDonald brothers for $2.7 million, aiming to make McDonald's the number one fast-food chain in the country. In 1965, McDonald's Corporation successfully went public.