23 Mar, 2019 - By Adam Goldman
Is a McDonald’s Franchise Profitable to Own?
Is a McDonald's Franchise Profitable to Own? Is opening a McDonald’s franchise profitable? How much will it cost you to open your own franchise? Per the Item 19 in McDonald’s franchise disclosure document, the total investment to buy a McDonald’s franchise ranges from $1 million to about $2.2 million. This is higher than most people think. The franchise fee that is advertised is $45,000. Most people think that it is the total amount they need to buy a McDonald franchise. If you want to buy a McDonald’s franchise, then you need to have liquid capital of at least $750,000. Also, you n
read more3 Dec, 2018 - By Adam Goldman
Analyzing Franchise Growth
An important measurement of the health of any given franchise company is the rate of growth of their system. Specifically, the franchise system should be growing at a rate that shows it is healthy and vital and is able to attract a number of new people to the system but should not be adding new franchisees so quickly that it will have problems managing this growth. When doing your research on a franchise opportunity, you will find a variety of ways to evaluate a franchise’s growth. The following may assist you in your examination. Determine the number of new franchisees added each year. This information is n
read more3 Dec, 2018 - By Adam Goldman
What’s a Turnkey Franchise?
You’ve probably heard the term “turnkey” many times and may have wondered what it means in terms of franchising. Turnkey basically refers to a franchise package so complete that everything you need to start the franchise will be done for you. On the surface, this sounds like a great idea. You pay your fee and the franchisor researches the location, signs the lease, builds out the unit, supplies you with start-up inventory, finds and trains the staff, and orchestrates the grand opening. All you have to do is “turn the key” to open your new business. Buyer Beware There are plusses and minuses to a turnkey fran
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