Latest Franchise Query: I am planning to buy a McDonald’s franchise, so what is total franchise cost, fee and requirements?
Franchise Expert answer: If you are looking to buy a financially rewarding type of franchise, then probably investing in a McDonald’s restaurant franchise is the top choice you should consider to pick.
Launched in 1940 by Richard and Maurice McDonald and franchising since 1955, McDonald’s has earned a popular name in restaurant chain world. It serves over 68 million customers per day in 119 countries at its 35000 outlets. What you must consider to refer first before opening a McDonald’s franchise has been described below:
Franchise Startup Cost
Owning a McDonald’s restaurant franchise unit would cost you between $1.06 million to $1.9 million total investment with $500,000 for liquid capital, $45,000 need to be bear for franchise fee and 12.0% is required for royalty fee.
Types of Franchise
There are four total types of franchises, McDonald’s offers to the franchise seekers – traditional restaurant type of franchise, satellite franchise, STO & STR locations and BFL franchises.
- Traditional restaurant: located on freestanding buildings, food courts, storefronts, and other locations
- Satellite Type: You can operate the franchise in a retail store, strip center, airport, universities, hospitals etc
- STO & STR locations: can be operated on fuel stations/convenience stores
Assistance & Training
You will get training as well as your assistance from the company at frequent intervals so that you are fully able to conduct a smooth and profitable business. The training period would last for 9 to 24 months.