You don't always have to start a business from scratch. You can always find some partners that share your same vision for a building a company, then buy an existing business to build up. This is how Randalls grocery stores started out.
Robert R. Onstead, R.C. Barclay, and Norman N. Frewin began the Randalls legacy on July 4, 1966. The group started out by buying two existing grocery stores in Houston, Texas. By 1970 the group had expanded the two store chain to four stores.
By the end of the 70s the chain had grown to 15 stores, firmly establishing the company in the grocery store market. By 1990 the group expanded their chain to the Dallas/Fort Worth area. In 1992, the group acquired Cullum Companies who was owner of 62 Tom Thumb stores and Simon David stores.
This acquisition doubled the size of the chain to 115 stores. In 1999 the group was acquired by Safeway who kept the Randall’s names on stores in Houston and Austin. |