23 Mar, 2019 - By Adam Goldman

Is a McDonald’s Franchise Profitable to Own?

Is a McDonald's Franchise Profitable to Own?   Is opening a McDonald’s franchise profitable? How much will it cost you to open your own franchise?   Per the Item 19 in McDonald’s franchise disclosure document, the total investment to buy a McDonald’s franchise ranges from $1 million to about $2.2 million. This is higher than most people think. The franchise fee that is advertised is $45,000. Most people think that it is the total amount they need to buy a McDonald franchise.   If you want to buy a McDonald’s franchise, then you need to have liquid capital of at least $750,000. Also, you n

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3 Dec, 2018 - By Adam Goldman

What’s Next? What You Need To Do Before Investing in a Franchise

You’ve given it a lot of thought and carefully considered the alternatives. You’ve decided you have what it takes to succeed. You want your own business. More specifically, you’ve decided you want a franchised business. What do you do next? What can you expect from franchise companies? How will you know when you’ve found the right one for you? Let’s deal with these questions in the order that you’ll face each issue. BEFORE YOU BEGIN The first step is to carefully evaluate yourself. What are your strengths and weaknesses? What do you like to do and what makes you happy in a work environment? What makes you

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3 Dec, 2018 - By Adam Goldman

What’s a Turnkey Franchise?

You’ve probably heard the term “turnkey” many times and may have wondered what it means in terms of franchising. Turnkey basically refers to a franchise package so complete that everything you need to start the franchise will be done for you. On the surface, this sounds like a great idea. You pay your fee and the franchisor researches the location, signs the lease, builds out the unit, supplies you with start-up inventory, finds and trains the staff, and orchestrates the grand opening. All you have to do is “turn the key” to open your new business. Buyer Beware There are plusses and minuses to a turnkey fran

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