While that can be true, some get a fair amount of money out of their owned (or ones they actively manage) properties. Franchisees are quite important and contri

While that can be true, some get a fair amount of money out of their owned (or ones they actively manage) properties. Franchisees are quite important and contribute a lot in fees (lots of fees...) as you point out but don't discount the still owned properties, many of which are significant buildings by themselves.