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The McDonalds Franchise: A Firm Financial Commitment

The McDonalds Franchise: A Firm Financial Commitment

The golden arches, the fries, the burgers and Ray Kroc are what most people think of when they think of McDonalds.  The name is a brand that’s known around the world.  So many people flock to McDonalds everyday for food by themselves or with their families.  So many potential Entrepreneurs want to put their name and their money in this seemingly guaranteed franchise.  However many don’t know the process and most don’t realize the amount of work and money that’s involved in getting the golden arches up and running.  This is why I will provide information on McDonalds franchise opportunity and all that it requires from day 1 of interest to the grand opening of a site.

Entrepreneur.com makes a list every year of the top franchises in America.  To be put on this list the franchise has to fulfill several requirements from cost of franchise to future ROI.  In this list they like to highlight the top 10 and since it’s inception McDonalds has held in the list.  Currently it’s ranked #2 only to Subway, this might come as a surprise but studies are showing that many Americans are beginning to alter their eating habits to a more health conscious diet.  In doing this many American’s are trying to sway away from the grease of fast foods.

However McDonalds holds a firm second place.  Now that we know where this brand stands you might want to know the process of becoming a franchisee.  First of all, as a heads, up the process is quite lengthy and very selective.  So many people want the name because of the perceived notion that with McDonald’s you can’t go wrong.  First they want prospective franchises to have business experience and a substantial sum of liquid capital.  Once your able to fulfill those requirements then you must proceed through a variety of steps that include suitability, site approval and lastly McDonald University.  This is where you will learn all about the company and where you will learn how every job is done in relation to a restaurant.  Once all that is done then you can get to the hard part, the money.

Since McDonalds knows that with their name the franchisee will make a considerable amount of money in the future they make you pay a hefty cost upfront.  One must have at least $250K of liquid cash.  Once they have that then they will need to have access to upwards of 1.5 million dollars in order to get the entire operation going.  Once everything is financed and your restaurant is open and going you will then have to pay a recurring royalty fee of anywhere between 10-15%.

The cost is quite large upfront for McDonalds but once your restaurant is up and going studies show that franchisees earn upwards of $250K and more in earnings.  To make that even better studies also show that 8 in 10 franchisees own more than one location.  Furthermore McDonalds is a great franchise to have but the major setback is that it can cost an enormous amount of money.





The McDonalds Franchise A Firm Financial Commitment - To learn more about this author, visit Serrgio Wilson's Website.

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John Power
John Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website

John Brennan
John Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website

Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website

Cheryl Matthynssens

Cheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur.  Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well.  A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles.  She opened up a small affiliate site - The Balance Guide-  to help others find resources for mental and emotional well being.  Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com

- Visit Cheryl Matthynssens's Website

Jay Kubassek
(Jay's Full Bio: EvanCarmichael.com/jaykubassek)  In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.

 

As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)

 

Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. 

 

Jay resides in NYC with his wife Jamie, son Milo and dog Cooper.  Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website

Dave Kurlan
Dave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website


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Serrgio Wilson
(Visit Serrgio's Website) "If you want something in life go and get it period". This is the quote that I live by, I wake up daily asking myself what do I have in store today and what am I going to do to accomplish it. I am a 2007 graduate of the University of Kansas where I acquired a BA in Sociology. I have been an Entrepreneur for the last six months due in part by my desire to work for myself and to no longer have a cap on my earning potential. I enjoy reading articles that help to provoke thought and debate and in turn I try to provide content that does the same. I look forward to writing an array of articles for your reading enjoyment.To view my website click here Carpe Diem

Serrgio Wilson is a Gold author on EvanCarmichael.com
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