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A successful franchise worth studying. | =Intro= | ||
A successful franchise worth studying. Franchise startup costs $500k cash down, and total of $1-2M. 4% franchise fee monthly + facility rental fee. | |||
https://www.thebalancesmb.com/requirements-to-open-a-mcdonald-s-franchise-1350970 | https://www.thebalancesmb.com/requirements-to-open-a-mcdonald-s-franchise-1350970 | ||
*Gross of USA McDonald's is $2.7M on average according to the article above. Net is $150k average (global?) - [https://work.chron.com/average-income-fast-food-franchise-owners-24587.html] | |||
*Interestingly, chick-fil-a accepts 80 of 20,000 applications per year, but has only a $10k franchise fee. It has a unique business culture. | |||
=Finances= | |||
*Typical rent is 22% of gross [https://www.google.com/search?q=what+is+the+typical+mcdonalds+rebt&oq=what+is+the+typical+mcdonalds+rebt&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDkxMjRqMGo5qAIAsAIB&sourceid=chrome-mobile&ie=UTF-8] | |||
*Other fees are 10% (marketing and support) | |||
*$160k per avg franchise. This must be net, no? | |||
=More= | |||
*Pros and cons of franchising - [https://www.google.com/amp/s/www.entrepreneur.com/amphtml/226489] | |||
*M&A and no money down techniques - [https://www.harbourclubevents.com/franchise/?gausca&gclid=EAIaIQobChMI9fyusvjm4wIVBl8NCh3ZiQHCEAMYASAAEgK-fvD_BwE] | |||
*3000 franchises in USA generate $1T revenue in USA - [https://www.cnbc.com/2016/05/11/how-we-chose-americas-star-franchisees.html]. That is 5% of GDP. | |||
=Internal Links= | |||
*[[The McDonaldization of Society (Book) ]] | |||
*[[Chick-fil-A]] | |||
*McDonald's franchise FAQ - [https://www.mcdonalds.com/us/en-us/about-us/franchising/franchising-faq.html] | |||
*[[McDonalds]] | |||
*[[Time to Reach $1B Revenue]] | |||
Latest revision as of 14:04, 29 October 2024
Intro
A successful franchise worth studying. Franchise startup costs $500k cash down, and total of $1-2M. 4% franchise fee monthly + facility rental fee.
https://www.thebalancesmb.com/requirements-to-open-a-mcdonald-s-franchise-1350970
- Gross of USA McDonald's is $2.7M on average according to the article above. Net is $150k average (global?) - [1]
- Interestingly, chick-fil-a accepts 80 of 20,000 applications per year, but has only a $10k franchise fee. It has a unique business culture.
Finances
- Typical rent is 22% of gross [2]
- Other fees are 10% (marketing and support)
- $160k per avg franchise. This must be net, no?
More
- Pros and cons of franchising - [3]
- M&A and no money down techniques - [4]
- 3000 franchises in USA generate $1T revenue in USA - [5]. That is 5% of GDP.
Internal Links
- The McDonaldization of Society (Book)
- Chick-fil-A
- McDonald's franchise FAQ - [6]
- McDonalds
- Time to Reach $1B Revenue