4 ms·

Has anyone own or run a McDonald franchise? How's the experience? Does it require lots of work? Or just require passive monitoring? How's the cost vs payout

by ww520 15y ago

Has anyone own or run a McDonald franchise? How's the experience? Does it require lots of work? Or just require passive monitoring? How's the cost vs payout?

deleted 15y ago
[deleted]
sgoraya 15y ago
My father's/family friend opened a McDonalds franchise about 20 years ago. He needed to have approximately $350k, 'non-borrowed' cash on hand to be considered as a franchisee. > How's the experience? It must be good because he now owns 4 McD franchises. All his kids worked there through HS and (some) college. His son is the "Manager" of all 4. > Does it require lots of work? I think after their first couple of restaurants, they have developed and refined their management system. The son works a typical work week floating between restaurants and balancing books, hiring managers, etc. > Or just require passive monitoring? My fathers friend was at the first restaurant from almost open to close everyday for several years. (I used to ride my bike there for free ice cream and he was always there). The son seems to have enough free time - its almost like a 8-6pm type job for him. > How's the cost vs payout? He and his family are very well off and have been able to invest in other money making areas as well. A lot of hard work on the front end but now he has 4 cash cows that his son manages.
- ww520 15y ago
  Thanks. That's very good info.
athst 15y ago
CNBC had a good special on McDonald's a while ago called "Big Mac: Inside the McDonald's Empire." They talk to a franchisee, and to me it looks like you need to work really hard to be successful. You're basically the CEO of your own business with your own money at risk, so it is nothing like "passive monitoring." Anecdotally, it's pretty clear to me when you walk into a McDonald's how much the owner cares about it - some are pretty impressive, but some are also awful. http://video.cnbc.com/gallery/?video=1409843942 http://video.cnbc.com/gallery/?video=1409843942
- ww520 15y ago
  Thanks for the info. I don't think I can do long hour restaurant operation.

by ww520 15y ago

Has anyone own or run a McDonald franchise? How's the experience? Does it require lots of work? Or just require passive monitoring? How's the cost vs payout?

deleted 15y ago

[deleted]

sgoraya 15y ago

My father's/family friend opened a McDonalds franchise about 20 years ago. He needed to have approximately $350k, 'non-borrowed' cash on hand to be considered as a franchisee. > How's the experience? It must be good because he now owns 4 McD franchises. All his kids worked there through HS and (some) college. His son is the "Manager" of all 4. > Does it require lots of work? I think after their first couple of restaurants, they have developed and refined their management system. The son works a typical work week floating between restaurants and balancing books, hiring managers, etc. > Or just require passive monitoring? My fathers friend was at the first restaurant from almost open to close everyday for several years. (I used to ride my bike there for free ice cream and he was always there). The son seems to have enough free time - its almost like a 8-6pm type job for him. > How's the cost vs payout? He and his family are very well off and have been able to invest in other money making areas as well. A lot of hard work on the front end but now he has 4 cash cows that his son manages.

ww520 15y ago
Thanks. That's very good info.

athst 15y ago

CNBC had a good special on McDonald's a while ago called "Big Mac: Inside the McDonald's Empire." They talk to a franchisee, and to me it looks like you need to work really hard to be successful. You're basically the CEO of your own business with your own money at risk, so it is nothing like "passive monitoring." Anecdotally, it's pretty clear to me when you walk into a McDonald's how much the owner cares about it - some are pretty impressive, but some are also awful. http://video.cnbc.com/gallery/?video=1409843942 http://video.cnbc.com/gallery/?video=1409843942

ww520 15y ago
Thanks for the info. I don't think I can do long hour restaurant operation.