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It is one of the largest and most popular fast-food chains in the world, specializing in the sale of hamburgers, fries, and ice cream. The first McDonald’s restaurant was created in 1948 when brothers Richard and Maurice McDonald began establishing the Speedee Service System to use the modern principles of a fast-food restaurant at that time. Subsequently, Ray Kroc became the franchise agent of the company and began franchising in 1955.
In 1965, the symbol of Ronald McDonald was introduced, which was a clown used in advertisements to attract children. Ray’s goal was to open only 1,000 units in the United States, but the brand’s growth was so rapid that he began expanding it outside the country in Canada and Puerto Rico. Today, it has more than 37,800 restaurants worldwide.
- Year Business Began: 1948.
- Franchising Since: 1955.
- Headquarters: Chicago, Illinois, United States.
- Estimated Number of Units: More than 37,800.
- Number of Employees: More than 210,000.
It is one of the brands located in the top of the best franchises in the world that has gained throughout its history years immense popularity, especially in children. It has managed to establish more than 37,800 locations worldwide. The company set a deadline to complete the renovation of more than 14,000 restaurants between 2020 and 2022.
The costs will depend on the number of employees, merchandise, place where the franchise will be located, size, marketing, and other factors:
- Franchise fee: $ 45,000.
- Investment: From $ 1,200,000 to $ 2,235,000.
- Liquid capital required: From $ 500,000 to $ 750,000.
- Ongoing Royalty Fee: 4%.
- Ad Royalty Fee: 4% or more.
The annual earnings are approximately $ 150,000, depending on the success of the franchise.
Training & Support
To maintain its reputation, McDonald’s offers a training program to its franchisees to learn how to manage their business. The duration of the training varies between 12 and 18 weeks in a restaurant chosen by the brand. The franchisee will have a self-directed induction for 20 hours a week.
Also, the owner can continue preparing through additional courses, seminars, conferences, and classes. The McDonald’s team will provide support and advice to improve the service, quality, marketing, and advertising aspects so that your business performance is efficient and profitable.
How to Apply for McDonald’s Franchise ?
For information about franchise opportunities, you have to fill out the form at https://www.mcdonalds.com/us/en-us/about-us/franchising/franchising-form.html