Interested To Open McDonald’s Franchise? Here’s How And The Cost
Currently, one of the largest fast food chain restaurants in the world, McDonald’s has captured many people’s taste buds. McDonald’s has spread to more than 100 countries worldwide with 38k franchised locations. With this high level of popularity, McDonald’s has become a highly leading commodity. Therefore, find out how to open a McDonald’s franchise and how much it costs to start one?
How to Open McDonald’s Franchise
1. Experience and Business Capital
To open a McDonald’s franchise, you first need to meet the main requirements set by the company. This includes having a sufficient amount of capital and having great business experience in the fast-food industry. As a reminder, prepare a sizable capital for this franchise business. Specifically, the costs for licenses and permits, building rental, equipment, uniforms, insurance, etc.
2. Visit the Website
Visit McDonald’s main website and search for information about their franchise program. Find out all it takes before applying for a franchise.
3. Application Form
Complete the application form available on the website. Be sure to understand the business process and ownership.
4. Selection Process
Wait for a reply from the company. If you qualify, the company will send you more information about the next process.
5. Training
Follow the selection process determined by the company, including interviews and proper tests. If you pass the selection, you will be invited to attend training organized by the team. This training will cover everything you need to know about how to manage the franchise.
6. Find a Location
After completing the training, you will be advised to find a suitable location to open your franchise. McDonald’s will provide assistance in finding the right location.
7. Sign a Contract
Signing a franchise contract with McDonald’s and paying a one-time franchise fee is the last step. After all the preparations are complete, you can open your franchise and start operating.
The Costs of Opening McDonald’s Franchise
As of today, McDonald’s franchise costs are divided into 2 classes. Mainly, the existing franchise and the new franchise. In general, the total investment needed to open a McDonald’s franchise ranges from US$1,300,000 to US$2,400,000. This includes a one-time franchise fee of US$45,000. Thus, this fast-food restaurant franchise’s capital is indeed quite expensive. However, by spending that much money you will get a franchise contract for about 20 years.
Despite setting very high franchise rates, McDonald’s guarantees a relatively stable and huge profit. The team will also equip its partners with support systems, mainly in providing world-class marketing support with easy penetration.
Are You Interested in Opening a McDonald’s Franchise?
Know its advantages:
- It’s a worldwide and popular franchise.
- It has been running for decades.
- Collaborative business environment.
- Training, advertising, marketing, equipment, and human resources are provided.
- Increased experience and business knowledge.
- Have the opportunity to join a world-class organization.
So, from the above advantages, opening a McDonald’s franchise will be a great business opportunity. If you’re interested just join their partnership. Not only the benefits in the form of profits achieved but also various experiences of international organizations and the fast food business industry.
