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How I Built This with Guy Raz

Culver's: Craig Culver

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 17 October 2022

⏱️ 72 minutes

🧾️ Download transcript

Summary

Craig Culver says that when he opened the first Culver’s restaurant in a small Wisconsin town, there were three cars in the parking lot on a good day – and two of them were his family’s. Those early years of selling frozen custard and ButterBurgers were hard, but the business was in Craig’s blood. He grew up working in restaurants run by his parents, and Culver’s was a family affair too—one that was more challenging to run than a typical burger joint because of its large menu, with pot roast, soups, and fried fish. The restaurant wasn’t supposed to grow into a behemoth chain, but it franchised quickly, and today there are nearly 900 across the country. On a per-restaurant basis, it’s one of the most profitable quick service restaurants in the country.

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Transcript

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0:00.0

What is actually going on with the economy nowadays?

0:04.4

The price of gas, inflation?

0:06.5

Are we in a recession?

0:08.2

I'm Jeff Quo, co-host of NPR's Planet Money.

0:11.2

Come along with our super team of econ experts

0:14.1

as we delve into the stories that show you

0:16.2

how the world really works.

0:18.6

That's Planet Money from NPR.

0:22.0

There was an event, a McDonald's event in Madison,

0:27.0

and a friend of mine, a McDonald's guy,

0:32.0

came up to me and said,

0:34.2

Culver, you're as far as you're going to go.

0:37.8

It's about 15, 16 locations about that time, maybe 18.

0:41.4

Yeah, that's right.

0:42.6

And, you know, I went to punch him in the nose.

0:45.8

I never said anything, but I thought to myself,

0:49.0

baloney with that.

0:50.8

Did that kind of feeling ever motivate you?

0:52.6

That feeling of like, I'll show you?

0:55.6

Did you have some of that inside of you?

0:58.6

Yeah.

1:00.2

Yeah, I do.

...

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