In-N-Out Burger, a popular chain of restaurants in the west coast of the United States is an extremely secretive private company. Seth Lubove pieced together information from a variety of sources to paint a fuller picture of the chain:

• While the company is private, based on what little information is available, the chain is valued anywhere between $1.1 and $2 billion.
• The company is wholly owned by the granddaughter of the chain’s founders. She has no college degree yet is thought to be the youngest female American billionaire.
• The company refuses to franchise in an apparent bid to maintain quality control.
• The chain uses fresh beef patties that are delivered to the stores every day from two distribution facilities. The chain only opens in locations that are within a day’s driving distance from the distribution facilities.
• The estimated 20% margin that In-N-Out Burger manages to maintain is in part due to the simplicity of its limited menu.

Read more about the minor family feud that took place in the past, comments from In-N-Out Burger, and what the youngest female billionaire likes to do with her free time over here.

Source: Bloomberg