Mcdonald's Franchise Details:
- Industry: Food & Beverage
- Category: Fast food
- Royalty Fee: 5 %
- Marketing Fee: 5 %
- Franchise Fee: PHP 1,150,000
- Investment Capital: PHP 45m - 60m
Full Answer
How much does it cost to open a restaurant franchise in Philippines?
Depending of restaurant size, type, location and features the CAPEX is about $1 million US Dollars or the Philippine Peso equivalent at the time of construction. The required investment cost on the part of the franchisee will depend on the kind of store or site that will be offered to him by the Company.
How much does it cost to buy a McDonalds franchise?
McDonald's has the franchise fee of up to $45,000, with total initial investment range of $464,500 to $2,306,500. Is McDonald's a Semi Absentee Franchise with a Passive Ownership Opportunity?
Is McDonald’s the future of franchising in the Philippines?
Base on statistics of franchise growth over the course of 4 years operation here and outside Philippine’s industry scene, McDonald’s has shown an outstanding performance with its increasing growth that has the potential to become the trend in franchising business. No wonder, large number of McDonald’s chain store is sprouting all over the country.
Who is the owner of McDonalds in the Philippines?
About the McDonald’s Franchise. McDonald’s started franchising in the Philippines in 1985, and has since expanded to build a network of over 200 franchised restaurants nationwide in recent years. In the Philippines, the owner of and Master Franchiser of McDonald’s is Golden Arches Development Corporation.
Who owns McDonald's in the Philippines?
In the Philippines, the owner of and Master Franchiser of McDonald’s is Golden Arches Development Corporation.
When did McDonald's start franchising?
McDonald’s started franchising in the Philippines in 1985, and has since expanded to build a network of over 200 franchised restaurants nationwide in recent years. In the Philippines, the owner of and Master Franchiser of McDonald’s is Golden Arches Development Corporation. McDonald’s franchisees are called Owner/Operators ...
What are the advantages of McDonald's?
As a McDonald’s Philippines Owner/Operator, franchisees gain the following advantages: 1 Extensive support system to cover all aspects of the business, which includes operations, supply chain, and marketing support throughout the entire franchise term 2 World class training to deliver world class service and business success 3 100% customer awareness of the world’s leading fast food restaurant 4 Access to world class suppliers that provide the necessary goods and services that go into great-tasting food and excellent services that customers enjoy 5 A peer network of franchisees and the McDonald’s network of over 27,000 employees nationwide
How long is a McDonald's franchise good for?
The franchise contract is good for ten (10) years or lease contract of the land, whichever is shorter. The franchise agreement is renewable depending on the performance of the store. McDonald’s grants franchises to an individual on a sole proprietorship basis. In the Philippines, franchises are also awarded on a per restaurant basis.
Does McDonald's have equipment specifications?
In all cases, however McDonald’s specifies and approves the menu offerings.
Does McDonald's conduct feasibility studies?
As regards site selection, McDonald’s conducts feasibility study on the proposed site. The location is thoroughly studied and evaluated, including the store’s possible traffic count.
Where is the first McDonald's in the Philippines?
Our Story#N#Dr. George T. Yang opens the first Mcdonald's restaurant in the Philippines in Morayta, Manila. Since the start of its operations, Mcdonald's has practiced direct hiring of its crew and managers.
What is McDonald's famous for?
This is what we are famous for, globally and locally .
What are some Filipino favorites?
In the Philippines, we are also happy to serve local favorites like Chicken McDo, Burger McDo and McSpaghetti. These favorites were specially made to cater to the unique Filipino palate.
Is the franchise industry booming?
The franchise industry is booming, and entrepreneurs are wondering about how this sector works. This ebook aims to help aspiring franchisees achieve their business goals.
How Much is the Mcdonald’s Franchise?
Along with several fast food chains thriving in the franchising industry, McDonald’s have come a long way with their business and it’s an assurance that investing with this fast food chain store is never a failure. McDonald’s is considered as the largest food chain in the world for delicious hamburger and among other delectable foods they are exclusively offering. You too can be an owner of this popularly known “love ko to” store if you can come up with an investment cost of Php 25 million to Php 35 million that will largely depend on the building type, size of store, location or site of store and the land whether lease or purchase.
What are the qualifications to become a McDonald's franchisee?
They grant franchise only in a per store basis. Obtaining a franchise right from McDonald’s also requires a franchisee’s perfect qualifications which include being a success-driven individual and has a strong entrepreneurial spirit. A franchise applicant must also possess a business background, a Filipino citizen with the financial capacity ...
How long does it take to get a job at McDonald's?
And if you are willing to pursue with the “on-the-job-experience” which is part of the application process, you are required to render a 2-days job in an existing McDonald’s restaurant. After that, if you are determined ...
Background
McDonald's is the world's largest restaurant chain by revenue. The company serves tens of millions of customers daily across the world. They rechristened their business as a hamburger stand. Later they then turned the company into a franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona.
Support and Training Offered By McDonald's
On-The-Job Training: 500 hours (average) Classroom Training: 72 hours Additional Training: At local McDonald's restaurant
Franchises Similar to McDonald's
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is franchise fee?
1. Franchise Fee. It’s basically the start-up fee to buy the name of that franchise. It varies a lot from franchise to franchise. And it can feel like a lot, but it’s there to help offset the cost of helping you systemise the business so it runs like all the other franchises.
What is royalty fee?
2. Royalty Fee. A business needs some incentive for you to use their brand name. They take a fraction of the profit your business makes.
Is franchise fee a flat rate?
It’s usually a flat rate and sometimes listed as a separate cost from the franchise fee. However, a lot of people bundle both costs together. But don’t be surprised if anyone breaks from the norm to list it as a separate fee.
Is a license fee the same as a franchise fee?
The license fee is slightly similar to the franchise fee. The only difference is that the license fee is needed so you can buy the products and materials from the franchiser, as well as any technology needed. It’s usually a flat rate and sometimes listed as a separate cost from the franchise fee.
