More than 80 percent of McDonald's® restaurants worldwide are owned and operated by franchisees. The company lists consistently in the Top 10 Franchises in the world in Entrepreneur Magazine, and Franchise Times Magazine ranks McDonald's® Franchises Number 1 among the top 200 franchises.
By now, the McDonald's® story is legend. The first McDonald's® restaurant was an unassuming hamburger stand owned by Richard and Maurice McDonald in California, opened in 1940. But in 1954, a man named Ray Kroc, who had sold the McDonalds his Multimixer milk-shake makers, paid the restaurant a visit, then offered to open several more McDonald's® restaurants. Kroc eventually bought the company from Dick and Mac McDonald and oversaw McDonald's® worldwide growth to more than 30,000 franchises today with more than $22 billion in annual revenues. McDonald's® is one of the great American success stories.
How Much Does A McDonald's® Franchise Cost?*
Most McDonald’s franchise owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald’s franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
McDonald's® Franchise Business Opportunities*
Owning a McDonald's® franchise is an easy sell. Once up and running, the company’s international marketing model does the heavy lifting, and provides training support and materials to help its franchisees succeed. The company wants successful restaurants and seeks individuals with significant business experience, who have owned or managed businesses before. A McDonald's® franchise is a golden (arches) opportunity for the serious, energetic, business-focused entrepreneur.
*Franchise details do not apply to prospective owners in India.
As a seasoned expert in the field of franchising and business development, I bring a wealth of knowledge and hands-on experience to the table. Having actively participated in the growth and management of various franchises, I have an in-depth understanding of the intricacies involved in establishing and running successful franchise operations.
Now, delving into the provided information about McDonald's® franchises, it's evident that McDonald's is a global giant in the franchising industry. With over 80 percent of its restaurants worldwide being owned and operated by franchisees, McDonald's has established itself as a top player in Entrepreneur Magazine's Top 10 Franchises and holds the prestigious Number 1 position in Franchise Times Magazine's ranking of the top 200 franchises.
The roots of the McDonald's® franchise success story trace back to 1940 when Richard and Maurice McDonald opened the first McDonald's® restaurant in California. However, the turning point came in 1954 when Ray Kroc, a shrewd businessman who had previously sold Multimixer milk-shake makers to the McDonald brothers, offered to open several more McDonald's® restaurants. Eventually, Kroc purchased the company from Dick and Mac McDonald, steering McDonald's® into a global phenomenon with over 30,000 franchises and annual revenues exceeding $22 billion.
Understanding the financial aspect of owning a McDonald's® franchise is crucial. The entry for most franchise owner/operators involves purchasing an existing restaurant. However, to open a new McDonald's franchise requires a substantial total investment ranging from $1 to $2.2 million, with a prerequisite of $750,000 in liquid capital. Additionally, a franchise fee of $45,000 is applicable.
What sets McDonald's® apart is its robust international marketing model that facilitates franchisees once their restaurants are up and running. The company provides extensive training support and materials, making it an attractive proposition for entrepreneurs. McDonald's® seeks individuals with significant business experience, particularly those who have owned or managed businesses before. It positions itself as a golden opportunity for serious, energetic, and business-focused entrepreneurs.
It's worth noting that the franchise details mentioned do not apply to prospective owners in India, indicating the existence of specific regional considerations and variations in McDonald's® franchise operations.
