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Here's How Much it Costs to Buy a McDonald's Franchise((VO-McDonald’s YT))??According to the latest report from Statista, there are more than 14-thousand different McDonald’s locations across the United States.????((VO-America / Money))??And Business Insider notes that it’s the most successful fast food-chain in America!????((VO-McDonald’s Videoblocks))??So it’s easy to understand why someone who wants to invest in a chain restaurant would be interested in McDonald’s….but it may not be as easy as you think.????((VO-Lots of Money))??Fox Business News reports that a McDonald’s franchisee applicant must have 500-thousand dollars in liquid assets and must be willing to pay 40 percent of the total price of a new mickey d’s restaurant using “non-borrowed funds.”????((VO-McDonald’s))??The site notes that the average investment ranges from between about 1 to 2 million bucks including a 45-thousand dollar “franchise fee.” The estimated annual profit for most McDonald’s franchisees is reportedly 150-thousand dollars.????((VO-Firehouse, Baskin Robbins, Checkers))??In comparison, there are much more affordable fast food restaurants available to franchise like Firehouse Subs, Baskin Robbins and Checkers. According to Entrepreneur.com the initial investment on all three of those can start at under 100-thousand dollars.?? | |||||
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