About Dicks Drive-In
Dear Friends,
It
seems like yesterday that Warren Ghormley, Dr. B.O.A. "Tom"
Thomas, and I created our partnership to build the first Dick's restaurant
on N.E. 45th in Seattle's Wallingford District. It was the summer
of 1953, and I was 29 years old. I didn't have much money, but I was determined
to open a restaurant. I wrote a proposal to my old WW II friend, Warren
Ghormley, and he suggested we talk to his wife's boss, Dr. Thomas, U.W.'s
first professor of dentistry.
After doing more research and talking it over, we decided to form a
partnership and open a new kind of "fast food" restaurant. When
we went to the banks for a loan, however, the bankers weren't interested.
They would always say something like: "How can you possible expect
to make a profit selling 19-cent burgers when restaurants are going under
all over the city selling burgers at 30 cents?" The owner of a vacant
lot on N.E. 45th was willing to lease us the land, but he was not willing
to mortgage his land to build a restaurant.
Finally, we were able to find a contractor who was at least willing
to consider building the restaurant in return for our promise to repay
him what it cost plus a share of the profits. He was our last hope. However,
he said he needed to talk with his banker, accountant, insurance agent,
and attorney. Finally, the day came for his decision. As I sat in his
office, my heart sank as he told me how his banker and accountant told
him that our restaurant would never make a profit, and how his insurance
agent and attorney told him that the deal was too risky. Then he said
something I'll never forget: "But if I always did everything they
told me to do, I'd be working for them in six months." The deal closed,
and I was on cloud nine! On January 28, 1954 the first Dick's Drive-In
Restaurant opened for business. Today, Dick's on 45th is the oldest fast
food restaurant in Washington.
I want to thank all of our customers for the wonderful support over
the years. We are all privileged to live together in this outstanding
community. Everyone at Dick's is thankful for the opportunity to serve
you and to be a small part of what makes this such a great city. Thank
you Seattle!
Dick Spady, President
Dick's Drive-In Restaurants, Inc.
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