Home / Full timeline / Brady Keys, Jr., a former professional football player who established the first major Black-owned fast food franchise, ventures deeper into the steel industry.
Brady Keys, Jr., a former professional football player who established the first major Black-owned fast food franchise, ventures deeper into the steel industry.
1990 (Oct)
Brady Keys, Jr., age fifty-two, a former professional football player who established the first major Black-owned fast food franchise, ventured deeper into the steel industry. The former Pittsburgh Steelers defensive back invested the proceeds from the sale of twelve Detroit-based Burger King restaurants into a new steel company. He formed the Keys Industrial Group with Stoneworth Group executives, Harry Farmer and William Moorehead III. Upon his retirement from football, Keys first built his reputation with the Keys Group Company, owner of fast food franchises, with annual sales of $18.6 million. In 1988 he was franchisee of the year. He then bought HCE Enterprises, a fabricated steel company, renamed it RMK Steel, secured several government contracts, and built sales from $100,000 to $3 million in its first eight months. The company has since been sold for three times its original purchase price.
References:
- • Hornsby, Alton. Chronology of African-American History: Significant Events and People from 1619 to the Present. Detroit: Gale Research, 1995.