Posted on 04/02/2023 8:53:49 PM PDT by linMcHlp
I’d rather eat a sardine sandwich..much cheaper and healthy.
I've not ate at a McD's in years....
Must have perfected the burger-making robot.
Corporate structure is certainly affected by restaurant performance; and that performance is certainly affected by, for example, the demands and costs imposed by California (Note, at tend of this post, a judge temporarily blocked the California statute from taking effect).
McDonald’s Franchise Costs & Requirements
https://www.mcdonalds.com/us/en-us/about-us/franchising/acquiring-franchising.html
Financing:
We require that the buyer pay a minimum of 25% cash as a down payment toward the purchase of a restaurant. The remaining balance of the purchase price may be financed for a period of no more than seven years. While McDonald’s does not offer financing, McDonald’s Owner/Operators enjoy the benefits of our established relationships with many national lending institutions. We believe our Owner/Operators enjoy the lowest lending rates in the industry.
Download Your Path to Becoming a McDonald’s Franchisee PDF (654 KB):
https://www.mcdonalds.com/content/dam/sites/usa/nfl/documents/franchising/Your_Path_to_Becoming_a_McDonalds_Franchisee.pdf
Therein:
A monthly service/royalty fee based on a percentage of the restaurant’s gross sales (currently 4%)
• Monthly rent is typically a fixed base rent and a percentage of the restaurant’s gross sales. For properties where we lease the land and/or building, we will pass thru any rent escalations which occur throughout the lease term as pass thru rent.
• Monthly advertising and promotion contributions of not less than 4% of gross sales
• All outgoing fees including technology, learning, software, utilities, etc.
- - -
December 31, 2022:
Judge halts California fast-food law as restaurants, unions hammer each other
EXCERPT:
“A judge of the Sacramento Superior Court ruled Friday [Dec. 20, 2022] to block a proposed law in California that would give the state authority to negotiate the wages and working conditions of fast-food workers.
The block is dependent on the outcome of a proposed referendum pushed by fast-food giants to stomp out the proposed changes.
The Fast Food Accountability and Standards Recovery Act (”FAST”) has seen significant pushback from restaurateurs and franchisees as workers’ unions fight to give the state a seat at the table in negotiating wages.”
“Big Macs are too d@m high...”.
How much are they now?
I’m guessing the advent of “McDonald’s Black365, Celebrating African-American culture 365 days a year” didn’t help much. Alienating a huge part of your potential clientele while pandering to a smaller segment, isn’t good business.
Go woke, go broke.
Very good post.
We’re in a heap of trouble.
bttt
Many of them are doing very well.
Dwelling on what goes on in California and/or other states, doesn't cover the whole picture at all.
Yes, inflation is also world wide; however, I doubt that you know what is going on with this company and no, I'm not suggesting that I do. But I'm going to find out from someone on the inside; a higher up in it!
Everyone on this thread and the other one, are ONLY talking about the restaurant/the prices/automation/the food. This is about the CORPORATE STAFF; you know, the people who work in the offices...who are many.
Is the corporate staff top heavy?
That I do not know and obviously, nobody here does either.
I haven’t been to one in years. I do hear that the prices are up and sizes are down.
A brand Mickey D’s opened near me about six weeks ago. It’s in a nice neighborhood. I’ll have to stop in one of these days and check out the menu, maybe see what a Big Mac of Quarter Pounder tastes like these days.
…brand *new…
I guess McDonald’s is too upscale for the average American now in Biden-Land.
Just wait, when they go all robotic the prices for a Big Mac will plummet. Probably go back to a buck. Getting rid of all the high labor cost will save tons of money.☺
Apologies. My reply 35 re McDonald’s Quarterly Report, is not accurate.
Btw, I was joking...
Do people not realize what a headline such as “Japan Breaks With U.S. Allies, Buys Russian Oil at Prices Above Cap” and
“Saudi-Led Oil Producers to Lower Output Further” or
“SVB Collapse Complicates Banks’ Efforts to Unload More Than $25 Billion of Junk Debt”
along with
“The Fatal Flaw in Credit Suisse’s Last-Ditch Attempt to Save Itself”
plus articles titled
“Individual Investors Slow Stock Purchases, Leaving Markets Vulnerable”
tells us about our current nation’s and the global economy?
When all the national and international economic institutions are poised on the edge of ruin all at once, then we are in deep “s*%t.
..not enough mark up.. I know. but they get me big time every once or twice a year when I take my kiddos. :)
I just watched that netflix movie about the rise of MacDonalds. It was a good movie.... entertaining... I dont know about the facts buts it was fun to watch.
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