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I doubt very much that he does. I have never heard of it, and he has no experience whatever in retailing or foods. He would have to be a silent partner.
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∙ 9y ago
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How is McDonald's owned?
McDonalds is own by two way. It is owned by McDonalds Corporation or a franchise which is independly owned.
Where can I learn more about a franchise tax?
A franchise tax is the tax that is imposed on people who own a franchise like McDonalds. Further information can be found at www.irs.gov/businesses/.
How many dogs does George Bush own?
I think George Bush's father has 2 dogs.
Why is McDonald's is a franchise?
Not all McDonalds' are franchise, but a particular store would be a franchise if it were a corporate named business owned and operated by a private owner or company. For example if I owned the rights to a McDonalds, I would be a franchise owner. I would pay McDonalds a fee for using their name, property, products, etc... The profit from the store I own would be mine and I would control it. But I would effectively be renting the names and logos and services already setup by the McDonalds corporation.
Why is McDonald's a franchise?
Not all McDonalds' are franchise, but a particular store would be a franchise if it were a corporate named business owned and operated by a private owner or company. For example if I owned the rights to a McDonalds, I would be a franchise owner. I would pay McDonalds a fee for using their name, property, products, etc... The profit from the store I own would be mine and I would control it. But I would effectively be renting the names and logos and services already setup by the McDonalds corporation.
Why would it be a good idea to own mcdonalds?
It is possible to purchase a share of Mcdonald Corporation Stock. You can certainly obtain a franchise to run a McDonalds store.
Who handles McDonald's payroll systems?
McDonalds has their own custom software for it's payrolls. It was designed by Horizon Payrolls. You can learn about it here http://www.horizonpayroll.com/mcdonalds-franchise-payroll-software.htm.
Does every McDonald's have their own business license?
Every franchise owner has their own business license. If they own more than one McDonalds, they only have one business license.
Did George Bush own the Dallas cowboys?
No. He purchased a share in the Texas Rangers baseball franchise in April 1989, where he served as managing general partner for five years.
When did George W Bush own Texas Rangers?
1989
How much does it cost to own a McDonalds franchise in India?
app. $1 million to $6 million . . . dependingNot quite, but closeFigure on needing about $1 to $6 million, plus or minus. Here's the deal: McDonalds is extremely picky about who they allow to buy franchises--they absolutely do not want a franchisee to fail, only partly because it makes the company look bad if they bring someone in who fails. One of the things you MUST bring to the table is $300,000 of your own money.The franchise itself costs $45,000. This entry fee gives you permission to build (or acquire) a restaurant, write McDonalds on the side of it and start selling McDonalds food.The restaurant will cost you anywhere from $1 to $2 million. They would prefer you open several of them. They normally won't sell you a franchise in a town that already has McDonalds restaurants, although I'm sure there are exceptions--can you imagine owning all the McDonalds in Los Angeles?After that there are operating costs--payroll, utilities, taxes, food, etc...Here's a 2009 update from Franchise Foundations: Per McDonalds 2009 FDD (a copy of this 375-page treasure trove of McDonalds information can be obtained on the Franchise Foundations website), for a "new McDonalds franchise" the investment is $995,900 to $1,842,700. So, basically a new McDonalds franchise is a $1 million to $1.85 million initial investment.But the most frequently used method of buying a McDonalds franchise for sale - purchasing an existing restaurant from a current McDonalds franchise owner or one that's company-owned by McDonalds and sold as a "turnkey franchise."Unfortunately, details about how much this type of McDonalds franchise costs are not specified, other than the following statement by McDonalds: "The purchase price of an existing restaurant varies and is dependent upon a number of factors including sales volume, profitablity, occupancy costs, reinvestment or improvement needs, competition and location."Here, you're looking at a likely $2 million to $6 million range, plus or minus, depending on their sales, profit margins, etc. of the particular location up for sale.The 375-page McDonalds FDD also includes detailed information about financial results for McDonalds restaurants that hit three different sales levels - $2 million, $2.2 million and $2.4 million, showing cost of sales, gross profit and operating profit for a McDonalds restaurant at each level. Operating profits are in the mid six figures for each sales level. This is contained in Item 19 of the FDD.The McDonalds FDD has a list of McDonalds franchise owners - their names, addresses and phone numbers. Also attached as an exhibit to the FDD is the actual 15-page McDonalds franchise agreement. The McDonalds franchise contract is a work of art, significantly smaller (and fairer) than most other franchise agreements used in the franchise industry. Makes one wonder why other franchise companies such as In&Out Burger, Elevation Burger demand 50-page or 100-page franchise agreements, when McDonalds only requires 15-pages, while those companies are much smaller and cheaper to own has also enjoyed significant success.You can compare the differences in the franchise agreement by visiting the Franchise portal attached under related links below, and requesting more information from them to view an actual sample, so you can clearly see what I mean, and you might as well spot a potential Franchise opportunity that's right for you especially if you're on a lower budget.
Did George Bush used to own the dallas cowboys?
George W. Bush was the managing general partner of the Texas Rangers baseball team from 1989 to 1994.
