Complex sentence: Lick's Homeburgers & Ice Cream (corporate name: Lick's Concepts, Inc.) is a privately owned Canadian restaurant chain founded in 1980 with a $5,000 loan obtained by Denise Meehan, the president and sole shareholder.
Split into simpler sentences: Lick's Homeburgers & Ice Cream (corporate name: Lick's Concepts, Inc.) is a privately owned Canadian restaurant chain. It was founded in 1980 with a $5,000 loan obtained by Denise Meehan, the president and sole shareholder.