4 ms·
I thought the franchisees owned the property too, and that the franchiser just licenses the IP and provides the foodstuff.
by mac01021 10y ago
I thought the franchisees owned the property too, and that the franchiser just licenses the IP and provides the foodstuff.
- DrScump 10y agoThere are corporate-owned restaurants, and there are franchises. Stores can be on leased or owned land. For example, something like 8 McDonald's in San Francisco have closed or are closing in the past few years, many because of lost leases, supposedly. One rumored to be threatened location is 3rd and Townsend, a great location just one block from AT&T Park and a neighborhood institution (it was there long before the ballpark).
- ecommerceguy 10y ago"We are in the real estate business, not the hamburger business." Ray Croc, Founder of McDonalds. "If a location is good enough to buy, we want to build on it right away and be in there before the competition. Pump some money and activity into a town, and they’ll remember you for it." Ray Croc, Founder of McDonalds