McDonalds Franchise- Some Details To Consider
To be the owner of a McDonalds franchise is a wonderful thing that can happen to any entrepreneur. MacDonalds hold the credit of owning the maximum number of eating outlets through out the world. Apart from making wonderful burgers and sausages it has also invested a lot in building its brand name. Today, it is recognized by everyone.
Franchise Opportunities: What it takes
In order to own a MacDonalds restaurant one needs to buy the McDonalds franchise. The normal rate for buying the Macdonald franchise is $250,000. This amount should not be a borrowed one. In order to open a McDonalds eating outlet, the entrepreneur has to invest anywhere around $685,000 to $1,500,000. This amount includes all the cost of building, equipments, etc. Another important aspect to be remembered is that at least 40% of the total amount should be that of the owner.
Franchise Opportunities: Costs
A direct amount of $45,000 is paid to the McDonalds. The various other costs move to the suppliers. So this heavy amount is straight forward fees that go to the McDonalds. The next step is to go through the training period of nine months where they will teach about the important standards to be maintained, quality, customer service, menu items, operation methods and techniques to control the inventories.
Franchise Opportunities: Policies
According to policy, the restaurant should be operated at least for 20 years. Once the training is over the structure of the restaurant regarding its location, interiors, architectural designs and so on are decided by the company.
This franchise information is the basic guideline to be taken care of. Obtaining the McDonalds franchise means paying the company for its operations plans, marketing plans and business policies. In obtaining the franchise it is like using the company's name to run your business. It is basically the cost of goodwill that we pay to McDonalds. All in all, McDonalds offers one of the best franchise business opportunities.
The input raw materials are required to be supplied by the company and in return it takes a franchise fees on monthly or quarterly basis. McDonalds also takes a monthly payment of 4% of sales. After paying so much money the outcome (in terms of profit) strictly depends up on concerns such as the location, skills to manage the business, and the talent to manage operations with efficiency. Make sure that you take care of all these things or else your franchise will be a loss making one. Getting the McDonalds franchise is not a bad business idea. All it requires is huge amount of investment and a desire to take forward the name of this fast food giant.