3 ms·
What about franchise fees? Independent fast food restaurants basically don’t exist in the U.S. anymore. An individual McDonalds may be scraping the boundary of
by ericbarrett 5y ago
What about franchise fees? Independent fast food restaurants basically don’t exist in the U.S. anymore. An individual McDonalds may be scraping the boundary of profitability, but corporate had a net income of $1.5B last quarter[0], or about $7,500 per employee per quarter[1]. That’s net income, not revenue.
[0] https://corporate.mcdonalds.com/content/dam/gwscorp/assets/investors/financial-information/earnings-release/Q1-21%20Earnings%20Release.pdf https://corporate.mcdonalds.com/content/dam/gwscorp/assets/i...
[1] https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/number-of-employees https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/numb...
- simfree 5y agoDicks, Burgerville (mostly unionized), Burgermaster, In N Out and other regional chains exist, along with a plethora of single location independent fast food restaurants.
- ericbarrett 5y agoAll those regional chains you mentioned pay significantly better than McDonalds, YUM, etc. as well.
- simfree 5y agoYes, the point of most franchised chains is to extract wealth from communities rather than invest in a stable, skilled workforce delivering a good product. McDonalds, YUM Brands, et all charge large franchise fees and force use of particular vendors and business practices to ensure they extract as much income as possible from their franchisees.
- ericbarrett 5y agoThen we are in agreement!
- nimos 5y ago~200,000 is number directly employed by McDonalds. They have 5-10% of stores. There doesn't seem to be a current accurate number for total including franchisees - but seems to be in the 1.5 - 2 million range.
- fallingknife 5y agoI feel like there's never been more independent (or local chain) burger joints, food trucks, and just fast food in general.