'Franchising Opportunities in McDonald\r'

' run since 1955, McDonalds is world’s leading victuals assist retailer with approximately 30,000 outlets in 119 countries serving close to 46 million customers per day. McDonalds holds a large ploughsh are in the glob aloney noteed fast food restaurants practically in every country and is unmatched of the most famous and valuable brands.\r\nSince the very beginning, McDonald has everlastingly been a franchising company with franchising as its business focus. Moreover, since it is a well established brand franchising with it will promise business security. The company poses attractive franchising opportunities as it is lot globally licensees can literally choose the urban center of their choice. The franchisee will be assured that the brand is besotted and business would be buckram as the brand knows how to survive through generations despite the cutthroat competition.\r\n in that kettle of fish are advantages for the franchisee as working with a titan is money making(a) and adds to personal business knowledge. McDonald takes personal cheer and take fors the business whether local or international especially in areas of training, operations,  advertising, marketing, human resources, real estate, construction, purchasing and maintenance. This would modify maintenance of standards and be a big support to the franchisee for running the business.\r\nThe franchising process is quite flexible and attainable. A new McDonald restaurant varies from $466,000 -955,500 USD. Of course the size of the forwardness of the restaurant, area and locality, expenses of pre- open(a)ing, the inventory, equipment, signage, décor and the landscaping will concern the cost. An initial fee of $45,000 USD is paid to McDonalds Corporation for all new restaurants. The initial cash investment is $175,000 nominal for a conventional purchase or $100,000 for a Business Facilities Lease. However the company doesn’t aim financing to franchisees and the ini tial fee capital should be your own and not borrowed. This means that the franchisee has to have a solid initial capital of its own.\r\nMcDonald itself will wear the location and will evaluate and select it. It acquires the property, improves the identify and undertakes the construction. It is the responsibility of the franchisee to equip the facility. Once the sites are substantial they are offered to prospective franchisees. This ensures that the business is set in the right place and will be lucrative and at the same time standards will be maintained.\r\nThe profitably defers due to reasons like sales location of the restaurant, occupancy and the cost of operating and the individual major power of the franchisee to manage and control. 4% of periodic sales are given as royalty to the company which could at times be labored for the franchisee.\r\nThe prospects look exhaustively but from the point of view of the franchisee they may not be so. Firstly, McDonald being a world noted firm has its exceptionally high standards of quality and go which have to be met by world standards. at that place is tough competition between outlets in hurt of promotions and services which the franchisee has to keep up. Also, there is a heavy down payment and a royalty from monthly sales. The franchisee may not be able to open the franchise in the location of his choice. Lastly, obtaining a franchise may be difficult as there is a long wait in line.\r\nNevertheless, because of the steady flow of business and prospective relations with a world renowned brand, franchisees choose McDonalds evident by their ever growing franchises globally.\r\nReference\r\n[Online] Available at: http://www.mcdonalds.com/corp/franchise/franchisinghome.html/\r\n'