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Free PDF Download Expanding Your Business By Franchising - By John Henning |
Did you know that there are more than 11,000 McDonald's franchises all over the United States? Indeed, McDonald's has seen tremendous growth in the restaurant level over dozens of years and it has essentially created a world filled with Chicken McNuggets, Big Macs, and Ronald McDonald characters. But it's actually easy to see why owning a McDonald's franchise is popular, and it's actually not as expensive as everyone would have thought. In order to have a McDonald's franchise about the only thing that is required of the franchisee is to have a cash liquidity value of about $100,000. In addition, the franchise fee for owning a McDonald's is set right at about $45,000 and the total investment that one is required to put forth when creating a McDonald's franchise restaurant altogether is somewhere between half-a-million dollars and one-and-a-half million dollars!
On the other hand, owning a McDonald's franchise restaurant is well worth the opportunity, which is why many franchisees see it as a golden opportunity. Considering the fact that many McDonald's franchises make well over $1 million per year, having a McDonald's franchise under your belt may be just the thing you need. In return, though, be prepared to pay a hefty royalty fee to the McDonald's headquarters, which is currently set right at about twelve percent!
Burger King is Much More
You may be surprised to find out, however, that when it comes to owning a franchise, Burger King is more all over. The franchise fee is more, the total franchise investment is more, but the only thing that is less is actually the royalty fee, which is just around five percent! Who would have thought that owning a Burger King, though, would be more expensive than a McDonald's franchise? In fact, a Burger King franchise costs just about double what a McDonald's franchisee is required to have available and pay.
Nevertheless, these are two of the most popular franchises throughout the United States. The McDonald's Corporation is definitely raking in the dough, but the comparison up against their fast food restaurant rival, Burger King, is interesting as well!
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Free PDF Download Expanding Your Business By Franchising - By John Henning |
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About the Author: John Henning RSS for John's articles - Visit John's website John Henning is a Franchise Development Expert, he helps small businesses learn how to Franchise their business. John's company has helped over 70 businesses expand via franchising. Call John here: 484-366-1859 To watch a short video on how to franchise your business, visit: http://franchisedevelopmentsystem.com/video/. Click here to visit John's website. How You Make Money as a Franch Benefits of Franchise Process |
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