Applying For Your McDonalds FranchiseSo you want to own a McDonalds Franchise. Well there's ntohing wrong with that, in fact there are many people that do it. There are a few problems that you might run into however, and they can be big for some people. So the big question is, are you prepared for this opportunity? That being said, owning a McDonalds is a huge opportunity! The problem is that it's going to cost you quite a bit of money. First of all, the down payment and cost of stores varies drastically from state to state. McDonalds requires that a person has at least $300,000 of their own money to make toward the down payment before they'll even consider letting them run a franchise. This money has to be your own. It cannot be money that you've borrowed, and it cannot be the equity on your personal residence. That alone excludes many people from owning and operating a McDonalds restaurant. Then there is the application process. It's not quite as simple as you might think. You can't just put down the money and have your own store. You have to fill out a rather long and complicated application that asks some questions you might not expect. You do of course have to list the businesses you've owned, and your personal references. It is important for McDonalds to know that you are capable of running a business, and if you have run multiple businesses before they might consider allowing you to run more than one McDonalds which is quite an opportunity! But there's still more to it than that! There will be a sit down interview with a franchising representative, and if you are deemed worthy of running a McDonalds restaurant, you will need to undergo training. That's right, all owner/operators are required to go through training to make sure that they know the ins and outs of running a McDonalds. One problem that you are going to run into is that you cannot really choose the site of the store unless you own a piece of property that McDonalds believes would be a great location for their store. In this case you might have to sell it to them, and therein would lie your money for the store. But in the even there is no place to open a new store near you, you would have to relocate. This is something that will be discussed with you during your initial interview. As you can see, owning a McDonalds is a rather complicated endeavor. It doesn't mean that it's not something you should try though. If you are successful you will have a steady income and something to be proud of. So if this sounds like something you would like to do, then what's holding you back? |