Comment on McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase
I thought home office made money on franchise fees, not sales. My info is probably outdated, though.
From their website: www.mcdonalds.com/ca/en-ca/…/the-financials.html
During the term of the franchise, fees paid to McDonald’s for each restaurant, include:
Royalty: 4%-5% of monthly gross sales
Rent: a monthly base rent and/or percentage rent that is a percentage of monthly gross sales.
License Fee: a one time fee of $45,000 is paid for 20-year term.
thefranchiseking.com/how-much-is-a-mcdonalds-fran…
But according to other sites:
www.franchiseba.com/mcdonalds-franchise/
That doesn’t include marketing fees, so its more like 8%+ of gross sales, not profit, which is a lot! On top of tons of other fees.
brucethemoose@lemmy.world 2 weeks ago
From their website: www.mcdonalds.com/ca/en-ca/…/the-financials.html
thefranchiseking.com/how-much-is-a-mcdonalds-fran…
But according to other sites:
www.franchiseba.com/mcdonalds-franchise/
That doesn’t include marketing fees, so its more like 8%+ of gross sales, not profit, which is a lot! On top of tons of other fees.