>> That’s not the type of thing many franchisees at other companies have the cash (or willingness) to do. I'd point out McDonald's as a major exception to this

>> That’s not the type of thing many franchisees at other companies have the cash (or willingness) to do. I'd point out McDonald's as a major exception to this. In the past decade, MCD has completely razed and rebuilt from dirt a huge number of its freestanding stores. Yes the franchisees have complained and not all are down with the program but the new stores are generally far more comfortable and pleasant than the old-style, (yet iconic) red-roofs. I imagine far more profitable as well.