The McDonalds franchise is one of the most successful franchises in the world. If an individual meets all necessary eligibility requirements, owning a McDonalds can be a successful business endeavor. However, it can be very difficult to purchase a McDonalds restaurant.
The McDonalds franchise requires a potential restaurant owner to provide a down payment of 40 percent. The total cost of obtaining a McDonalds restaurant can cost more than $1 million. Therefore, an individual must have access to extensive financial funds if he/she wishes to obtain a McDonalds restaurant.
The McDonalds franchise also requires candidates to have experience managing a fast food restaurant. In addition, an individual should be prepared to actively participate in the operation of his/her restaurant for an extended period of time.
McDonalds franchise contracts generally last for a period of 20 years. Obtaining a McDonalds restaurant is a long term investment.