Franchise Business; McDonalds

1955 Oakland, Illnois

McDonalds

McDonald’s develops, operates, franchises, and services a system of restaurants that prepare, assemble, package, and sell a limited menu of value-priced foods under the “McDonald's System.” McDonald's restaurants offer the public a high standard of quality and uniformity in food, service, and decor. McDonald's restaurants are located in freestanding buildings, storefronts, food courts, and other locations that are appropriate to McDonald's image.

How Long McDonalds Has Been In Business

Since 1955. McDonalds Said "we’ve been proud to serve the world some of its favorite food. And along the way, we’ve managed not just to live history, but create it: from drive-thru restaurants to Chicken Nuggets to college credits from Hamburger U and much more. It’s been quite the journey, and we promise this is just the beginning-we’ve got our hearts set on making more history."

Starting Up Cost

You need a minimum of 300,000 of non-borrowed personal resources to be considered to open a McDonalds franchise.

Total Investment

$1,000,708 - $2,335,146

Do They Offer Training?

Since its inception, training at Hamburger University has emphasized consistent restaurant operations procedures, service, quality and cleanliness. It has become the company’s global center of excellence for McDonald’s operations training and leadership development.

In 1961, Fred Turner, McDonald’s former senior chairman and Ray Kroc’s first grillman, founded Hamburger University in the basement of a McDonald’s restaurant in Elk Grove Village, Illinois

Qualifications for a franchisee

Have a good choice of business

Have alot of money to invest in the business

Follow the franchise rules

Present the franchise well.

How much are the royalty fees/monthly fees that get paid back to the franchisor?

There are several formats in which royalty payment systems can follow. Fees are typically paid on a monthly basis.

The most frequent type of format is having the fee calculated on about 5-8 percent of the total gross sales that the franchisee earns. However, there are some franchise organizations that may charge a higher percentage based on net sales (after expenses), usually somewhere around 6-10 percent.