Buying a McDonald's franchise is a sure way to break into the fast food industry, but it comes at a steep price.
Eames YatesHayley Peterson
Franchises are an effective way for entrepreneurs to start a business, especially when entering a highly competitive industry such as fast food, or an industry that is established and requires time to develop its operating processes from scratch. One big advantage topurchasing a franchiseis you hav...
If the business already produces fairly stable quarterly profits, you should know how much it's worth now and how much it will make in the future. The process only becomes murky if the business hasn't turned a profit, but you expect it to in the future. In a situation like that, cons...
This is because McDonald's has a standard menu all over the world. There is a smaller regional menu that is up tofranchiseowners, but every restaurant has to offer the basics like a cheeseburger and Big Mac. People don't go toMcDonald'sbecause it is healthy. They go there because the...
A good example of this is Ray Kroc, who turned McDonald’s into the most successful fast-food franchise in the world. Kroc was impressed by the original owners of McDonald’s, brothers Richard and Maurice McDonald, and how they had vastly improved other restaurants’ efficiency. He convinced...
Do you have a robust support system to guide you through your startup journey? Are you considering collaborating with a business partner or prefer flying solo? Does the franchise model align with your entrepreneurial vision? How much risk are you willing to take with your business? What values...
We've gathered a list of fast food chains and restaurants currently offering food deals and discounts, along with free kids meals and delivery, during the coronavirus outbreak. See what Burger King, Panda Express, McDonald's, and other family favorites h
Compared the cost of a ticket to something already known as affordable. He preempted a possible excuse of “it costs too much” by anchoring them with something low-cost before even talking about the actual cost of a season ticket (which would be more than the cost of McDonald’s as a...
“Most of the people who buy the franchises never have been in business before,” Campbell said. “We even had to teach some to operate acash register, and one of them how to make out a bank deposit slip.” The deposit incident happened after the opening of what is the chain’s larg...