The Cost Of Operating Your Own McDonaldsAs you've probably figured out, McDonalds isn't your small town restaurant, and owning one is a big deal. Naturally because McDonalds is such a large corporation there are a few hoops that you will need to jump through before you actually gain ownership of your restaurant. So without further delay, let's get to it. First you will need to worry about purchasing the facility. When you buy, there are two options. First of all you can purchase an existing store from another owner, or you can buy a new one. The biggest difference between a new and existing McDonalds store is the amount of money you are going to need to put down initially. If you buy a brand new restaurant, you will be asked to pay a down payment of 40% of the overall cost. If you buy an existing store it will be 25%. You might be thinking that's great, and you can do it, but there's something you should know. You cannot take out a loan to buy a McDonalds. That's right, operating a franchise demands that you have that kind of money on hand right away. The precise amount that you'll need to have on hand is somewhere around $300,000. This is the bare minimum. If you want to own more than one McDonalds then you will need to have more cash on hand. Mind you the money can be in the form of securities bonds, and a number of other types, but it has to be YOURS. If you don't happen to have the total cost of the restaurant on hand, then you are in luck. You can put down 25% on an existing store, and then finance the rest of it for a period of seven years. If you choose to do this you will be put in touch with one of the top lending institutions in the world, and luckily McDonalds is awarded some of the lower lending rates. Any loan is going to cause stress, but in this case you have something on your side that most people don't; you own a McDonalds. The best part of owning a McDonalds is that you're bound to make money sooner or later. How many times have you driven past a McDonalds and unintentionally driven through the drive-through, buying yourself something off the dollar menu. It's happened to all of us, and as long as you are in a prime location it's more than likely going to happen at your restaurant. After you get settled in, you will need to pay some ongoing fees. These include a service fee that is based on how well your store is doing. Right now the service fee is 4% of the monthly sales. They also charge rent, which is yet another percentage of your monthly sales. For those who can afford it, this is a great business opportunity. It can be very hard at times, but so long as you stick to it and devote your attention to making your store great, there's no reason not to try. So get to it!
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