McDonald’s is the world’s largest chain of fast food restaurants. Nearly 47 millions customers are buying foods in McDonald’s daily. McDonald’s primarily sells fast food such as hamburgers, cheeseburgers, French fries, soft drinks, chicken products and desserts.
McDonald’s open its door for business for first time in 1940 by siblings Dick and Mac McDonald in San Bernardino, California. In 1948 they introduced “Speedee Service System” and later the principles become the principle of the modern fast-food restaurant. The original mascot of McDonald’s was a man named “Speedee” but in 1963 Speedee was replaced with Ronald McDonald.
Each McDonald’s restaurant beside operated by the corporation itself also operated by affiliates and franchisees. McDonald’s founding to the opening of a franchised restaurant on April 15, 1955 by Ray Kroc, in Des Plaines, Illinois.
McDonald’s is one of the most famous and recognizable trademarks in the world. McDonald’s open franchises all across the United States and is expanding around the world. This makes McDonald’s has become a symbol of globalization and the spread of the American way of life.
How to buy a McDonald’s Franchise? The McDonald’s Corporation requires a minimum of $250,000 of non-borrowed personal resources to consider you buy their franchise. You also need $250,000 cash on hand to start the discussion process with McDonald’s. Too expensive though, but the profit is also substantial. McDonald’s require a minimum 40 percent down payment.
McDonald’s also requires you to have previous experience in fast food service management, general business and marketing. So you have to evaluate yourself before contacting McDonald’s whether you meet the experience that required by McDonald’s or no.
McDonald’s corporation provides 20-year franchise agreement and the agreement is renewable at the end of the 20-year period. The cost to renew the agreement is the cost of the original franchise fee.
If you meet these prerequisites you can go to the McDonald’s website to get more information about how to buy a McDonald’s franchise. Click on “Corporate McDonald’s at the bottom of the McDonald’s web page and then click “Franchising” at the top of the page. Then click on “Application” to begin the approval process for you.
