The Krusty Krab is a fast food chain of burgers founded in 1892 by Colonel Krabs, an Irish immigrant who opened up a horse-drawn lunch wagon with a simple kitchen serving hamburgers called the Krabby Patty. His great uncle-in-law inspired him to make a business. In 1900, it opened up it's second, third, fourth, fifth, sixth, seventh, eighth, ninth, and tenth location. In 1921, it opened up 200 locations. In 1950, the chain filed for bankruptcy. Since 1970, the chain has been revived by Eugene H. Krabs.