How much will it cost? The cost of a restaurant typically ranges from £125,000 to £325,000.
What do you get? You purchase the equipment and the rights to operate a business from a location for a set term; you therefore in effect buy the profitability of a business. The challenge is to maximize the sales and profitability of the business over the 20 year term.
How long do you have to own a franchise for? You have to own the franchise for a 20 year term.
What experience do you need? Ideally, you’ll already have a successful business or career and will have demonstrated significant team leadership. They will also look for:
- High personal integrity
- High standards of people management and communication
- Ability to display financial acumen
- Strong leadership qualities
- The personality to be an excellent ambassador for McDonald’s
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