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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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FYI McD's is EXTREMELY competitive for franchises. From my days when I had them as a client I learned (IIRC):
O-Os (Owner/Operators) have on average three restaurants already - individuals who are already O-O's are preferred.
At least $2M liquid assets (forget whether this was a requirement, but there was a pretty high liquid asset requirement even to be considered)
Prior restaurant experience
VERY comprehensive and detailed business plan
There's probably someone on here who's an O-O who can chime in. Also those guys have to pay a LOT to McD's corporate for the franchise and all kinds of other stuff as time goes along, but they do all right for the most part so long as they have decent oversight/management of their restaurants.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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