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?
How to apply for a McDonald’s franchise in the Philippines?
An application form is required to fill out pertinent information. You may visit McDonald’s Philippines office personally or email [email protected] and ask for a downloadable form. Once completed, the application form, together with a letter of intent and your comprehensive resume should be submitted.
How many McDonald’s are owned by franchisees?
Read below to gain relevant information that can help you begin your McDonald’s franchising journey. (See also: How much is the franchise fee of Jollibee?) All over the world, more than 80% of McDonald’s restaurants are owned by franchisees.
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Who owns McDonald's in the Philippines?
In the Philippines, the owner of and Master Franchiser of McDonald’s is Golden Arches Development Corporation.
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.
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
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 ...
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.
The Philippine Operations
In the Philippines, McDonald’s started opening its doors to Filipino entrepreneurs in 1985.
The McFranchise Requirements
The following are the essential requirements that McDonald’s Philippines is looking for in their future partners:
Facts You Should Know First
If the above requirements suit you perfectly, then you are ready to become a McFranchisee. However, here are other facts you need to also know before you go on board.
Franchise Options
The investment cost that the franchisee will pay is very dependent on the kind of store or the site that McDonald will offer. Thus, there are three (3) ways to McFrancise.
McDonalds Start-up Cost
Initially, the investment cost typically ranges from P30 Million to P50 Million. This range assumes that land is leased. If this is the case, it covers the following:
Basic Steps
Now if you are certain that McDonald’s franchise is for you, below are the easy steps to follow that will guide you in becoming a McFranchisee:
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.
How much does McDonald's require to purchase a restaurant?
McDonald’s also offers two types of restaurant purchase: new or existing. The area where this makes the most difference is the required initial down payment. For new restaurants, the down payment is 40% of the total cost. For existing restaurants, the down payment is 25% of the total cost. The down payment cannot come from borrowed funds. Also, if financing is used for the rest of the initial investment costs in any way, the remaining balance of the restaurant purchase price must be paid off within the first seven years of operation.
What type of franchise does McDonald's have?
McDonald’s offers four types of franchises: Traditional Restaurant: This type of franchise is located in freestanding buildings, store fronts, food courts, and other locations. The franchisee operates a full-menu restaurant, offering the public a high standard of quality and uniformity in food and service.
How much cash does McDonald's require?
In addition, it takes more than just the initial investment to become a McDonald’s franchisee. The franchisor also has a liquid cash requirement of at least $500,000 (a few exceptions apply). A cash requirement is the amount of money a franchisor requires a franchisee have in savings and be able to access quickly in case of emergencies and unexpected situations when starting the business. It also accounts for regular living expenses until the franchise unit begins turning a profit large enough for the franchisee to garner an adequate take-home wage.
Why is McDonald's so popular?
Why is McDonald’s so popular? One reason is, while it’s not the biggest operation in the world by total number of units—that distinction belongs to 7-Eleven, it still regularly brings in the most revenue for franchises year-after-year.
What is a BFL franchise?
BFL Franchises: ‘Business Facilities Lease’ franchises grant franchises with leases that include the business facilities.
