Owning franchises in the United States is just one way to raise capital for yourself and for your business. There are all sorts of reasons why one might want to invest in a franchise on their own, and there definitely are some popular franchises in the United States. If you have ever wanted to know about what’s required when owning a franchise of a certain company then here is the information that you need. Here’s a trivia question that you can take home to your family, though: what franchise has been ranked #1 many times over, You probably could very well guess what it is, and if you were thinking McDonald’s Restaurant you were exactly right. There have several times when McDonald’s Restaurant has been ranked #1 for the food category it’s been placed in, but here are some other interesting facts about owning a McDonald’s franchise:
The McDonald’s Franchise
Did you know that there are more than 11,000 McDonald’s franchises all over the United States, Indeed, McDonald’s has seen tremendous growth in the restaurant level over dozens of years and it has essentially created a world filled with Chicken McNuggets, Big Macs, and Ronald McDonald characters. But it’s actually easy to see why owning a McDonald’s franchise is popular, and it’s actually not as expensive as everyone would have thought. In order to have a McDonald’s franchise about the only thing that is required of the franchisee is to have a cash liquidity value of about $100,000. In addition, the franchise fee for owning a McDonald’s is set right at about $45,000 and the total investment that one is required to put forth when creating a McDonald’s franchise restaurant altogether is somewhere between half-a-million dollars and one-and-a-half million dollars!
On the other hand, owning a McDonald’s franchise restaurant is well worth the opportunity, which is why many franchisees see it as a golden opportunity. Considering the fact that many McDonald’s franchises make well over $1 million per year, having a McDonald’s franchise under your belt may be just the thing you need. In return, though, be prepared to pay a hefty royalty fee to the McDonald’s headquarters, which is currently set right at about twelve percent!
Burger King is Much More
You may be surprised to find out, however, that when it comes to owning a franchise, Burger King is more all over. The franchise fee is more, the total franchise investment is more, but the only thing that is less is actually the royalty fee, which is just around five percent! Who would have thought that owning a Burger King, though, would be more expensive than a McDonald’s franchise, In fact, a Burger King franchise costs just about double what a McDonald’s franchisee is required to have available and pay.
Nevertheless, these are two of the most popular franchises throughout the United States. The McDonald’s Corporation is definitely raking in the dough, but the comparison up against their fast food restaurant rival, Burger King, is interesting as well!