08 Sep, 2017

How Much Do Mcdonalds Franchise Owners Make

How much do McDonalds franchise owners make This is probably the how much do McDonalds franchise owners make?. They seem to want to be the chief cook AND bottle washer. Owners want to be behind the counter handling customers all day, then go to work on the marketing, advertising, ordering, invoicing, hiring, and finally closing the store at the end of the day. If this sounds like you, you might be a control freak. "If your business depends on you, you don't business you have a job. Most employees WANT to do a good job, and if you show your appreciation for the job they do, THEY will keep trying to please you. You don't need any employees? You can't afford an employee? Then go back and reread the quote by Michael Gerber above. You, my friend, have a job. You cannot grow your business if you are working in your business. If you haven't already purchased a franchise, do your homework. How much do McDonalds franchise owners make? Your best source of information is going to come from other franchisees. • How long have you been in this franchise system? • What can I expect to spend on a build-out? • What can I expect annual sales to be? • What was your biggest unexpected problem with the franchisor? How was it handled? Were you satisfied? • Does the franchisor offer support? Do they hold annual conferences or conventions? • If a franchisee were struggling, how would the franchisor help them? • How many locations do you own? • How long did it take for you to be profitable? • How often does the corporate office visit? Are there field reps or district managers who check on you regularly? Are these visits helpful? • Do you advertise or rely on walk-by traffic? • What profit margin does the corporate office say you should be seeing, and are you? Do not ask for specific dollar figures. If the franchisee wants to share, they will. Also, if you find a franchisee that is particularly helpful to you, you may consider buying them a nice dinner to get an opportunity to "pick their brain". Some franchisors will even offer a cash incentive to a franchisee that refers another franchisee. How much do McDonalds franchise owners make Ask if that is available and tell the corporate franchisor that your new franchisee friend referred you. This will get you off to a good start because you never know when you will need the support of your new friend. Find out as much negative information as you can about the franchise system. If you think you can live with the bad, then the good should be great. Remember: The More You Give, the More You Get!