Im looking to buy a fast food outlet (hungry Jacks/Burger King). How much do they make per year?
Where can i research and see the actual figures. ie. How much they make per year, how much there bills are such as wages, electricity etc… Im currently considering whether buying a fast food franchise would be worth it financially. Does anyone know approximately how much a franchise like this would cost? If there are any specific websites dedicated to this sought of information please let me know as well… Any help would be much appreciated. Thank You
Every store generates different amounts, so location is key.
Its also important to have a play center for the kids available.
If you can make a child happy, you are a winner.
Lets look at McDonald’s or Burger King as an example,
contrary to some other posts these Franchises will not loan
you any money.
You are responsible to secure the finances either through
a bank loan, a rich uncle or your own savings account.
Average cost of opening a McDonald’s will start at about
1 million dollars, plus staff, product and supplies.
Wages, electricity and other costs will be determined
on how busy you are, which goes back to location
and the play center I spoke about earlier.
The best way to get the right information is to go directly to
McDonald’s or Burger Kings website. From either site do a search
for franchise and you will be able to find out more.
Don’t expect to find the exact price online, you need to either
call them or send them an e-mail inquiry.
Hope this helps and let me know if you have any other questions?
I use to work at McDonald’s, and I heard that the McDonald’s company, loan you about 1 million to get started, to build your restaurant, get your equipment, training, staff, a starter McDonald’s kit of sorts, and you pay it back over time. The people here who owned a few McDonald’s for many years have now retired and sold their business, so you might be able to even get one already established, but I’m not sure how they got financing for that, through their own bank or McDonald’s.
References :
http://www.foodfranchise.com/
not sure if they have hungry jack/burger king
References :
Every store generates different amounts, so location is key.
Its also important to have a play center for the kids available.
If you can make a child happy, you are a winner.
Lets look at McDonald’s or Burger King as an example,
contrary to some other posts these Franchises will not loan
you any money.
You are responsible to secure the finances either through
a bank loan, a rich uncle or your own savings account.
Average cost of opening a McDonald’s will start at about
1 million dollars, plus staff, product and supplies.
Wages, electricity and other costs will be determined
on how busy you are, which goes back to location
and the play center I spoke about earlier.
The best way to get the right information is to go directly to
McDonald’s or Burger Kings website. From either site do a search
for franchise and you will be able to find out more.
Don’t expect to find the exact price online, you need to either
call them or send them an e-mail inquiry.
Hope this helps and let me know if you have any other questions?
References :
http://mcdonalds.com
http://BurgerKing.com