How McDonalds Has Grown Into The Worlds Leading And Most Profitable Franchises.
Producers December 12th, 2009The quantity of current Franchise For Sale preferences on the market is increasing every day, there are many sorts of Low Cost Franchise preferences but when asking the general public about franchising the first thing they say is food. The quantity of food franchises available is ever increasing and you can hardly drive a few miles without spotting a well-known brand restaurant. This is due to the achievements of these franchises and the business model that it gets across. One of the most successful food franchises is McDonalds, it is the largest and first international food franchise.
The McDonalds Corporation is the worlds largest fast food franchise which means that it is the most significant in terms of business model and Franchise Opportunity. The McDonalds brand is built around convenience food such as hamburgers, chips, chicken and soft drinks and recently salads, fruit and pasta. The corporation was established in 1940 by brothers Dick and Mac McDonald, when they opened their first restaurant. It was their sole idea of fast food in 1948 that established what we now take as a fast food restaurant. They began to franchise the business in other areas as early as 1955.
The McDonalds franchise has expanded so much that restaurants are now found in 120 countries around the world and they serve 54 million customers each day. The Corporation also run a number of other restaurants such as Aroma Café and Boston Market. Their business model is somewhat different to other fast food franchises, in addition to the start up cost for training, supplies and a percentage of the profits. McDonalds also collect rent from the franchisee, as the Corporation have the land that the franchise is assembled upon, this rent is based on profits and is a portion of the Franchise For Sale agreement.
McDonalds is not only the largest franchise but it is one of the most successful franchises in the world and there are explanations for this. The main cause is that they are always pushing the envelope and developing new, unique solutions for their customers. There is now a McDonalds franchise built onto a church, on top of the Eiffel tower and amongst the Inca ruins. Wherever people are then you will find a McDonalds franchise, this is not only limited to the Earth, McDonalds are now increasing their franchise to a lunar environment. This revolutionary idea will soon be in motion as more and more work is done on the space station. This will see the fist ever franchise of it’s kind, across all business formats, to be located outside of Earths atmosphere. This will spawn a new age of their business model and more and more businesses will look to follow in McDonalds shoes.
If you are seeking a business model to pursue in regards to franchising and you are looking at a Franchise Opportunity then McDonalds is almost certainly the best area to begin your career. They have built up a world renowned brand, a substantial Low Cost Franchise structure and are the world leaders in Franchise development. If you have the cash to spend in a franchise like this and you have the drive to cope with one of the worlds most well-known brands then you have the basis for achievement.