McDonald's: Difference between revisions
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*McDonald's franchise FAQ - [https://www.mcdonalds.com/us/en-us/about-us/franchising/franchising-faq.html] | *McDonald's franchise FAQ - [https://www.mcdonalds.com/us/en-us/about-us/franchising/franchising-faq.html] | ||
*[[McDonalds]] | *[[McDonalds]] | ||
*[[Time to Reach $1B Revenue]] | |||
Revision as of 19:47, 29 June 2020
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.
More
- Pros and cons of franchising - [2]
- M&A and no money down techniques - [3]
- 3000 franchises in USA generate $1T revenue in USA - [4]. That is 5% of GDP.
Links
- Chick-fil-A
- McDonald's franchise FAQ - [5]
- McDonalds
- Time to Reach $1B Revenue