McDonald’s – the Ultimate Baby Boomer Business
Sean over at Franchise Pick recently talked about McDonald’s. His discussion of post-WWII era families traveling around the country eating at the same place every day (McDonald’s, of course), brought back memories.
In high school, we spent most nights at McDonald’s, cruising around and eating in our cars (this was pre-eat-in). In college, we would leave the dining hall and go to McDonald’s for fries for dessert.
Want to invest your retirement savings in a franchise? According to the McDonald’s franchise website, you will need about $250,000 in “non-borrowed” personal assets. After you have been trained at “Hamburger University,” and you open your franchise, you pay a service fee that is a percentage of sales, and rent (also based on sales).
McDonald’s is #5 on the Top 10 Franchises (selected by Entrepreneur Magazine). And if you buy a franchise, you can give your grandchildren free Happy Meals forever!
I’m almost convinced to do it.
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