McDonald's: Difference between revisions
Jump to navigation
Jump to search
(→Links) |
(→Intro) |
||
| Line 7: | Line 7: | ||
*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. | ||
=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) | |||
=More= | =More= | ||
*Pros and cons of franchising - [https://www.google.com/amp/s/www.entrepreneur.com/amphtml/226489] | *Pros and cons of franchising - [https://www.google.com/amp/s/www.entrepreneur.com/amphtml/226489] | ||
Revision as of 18:24, 28 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)
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.
Links
- Chick-fil-A
- McDonald's franchise FAQ - [6]
- McDonalds
- Time to Reach $1B Revenue