McDonald's: Difference between revisions
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=Intro= | |||
A successful franchise worth studying. Franchise startup costs $500k cash down, and total of $1-2M. 4% franchise fee monthly + facility rental fee. | A successful franchise worth studying. Franchise startup costs $500k cash down, and total of $1-2M. 4% franchise fee monthly + facility rental fee. | ||
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*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] | *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. | *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 - [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. | |||
=Links= | =Links= | ||
Revision as of 19:46, 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