I heard a while back that the average McD's franchise owner made about $100,000 to $150,000 per year. Not alot when you consider the time and money invested.
If a McD's is open 24 hours a day, with lets say 4 people on at all times that would be 35,000 man hours.
How much of a raise do you think they should pay?
If you dropped $1 million for the franchise, and property, and building, what type of return on your investment would expect?
How many hours a week would you work to protect your investment?
What type of return would you expect on your time?
I knew a family that owned and operated about a dozen McDonald’s. They were definitely multi-millionaires, but I doubt over 8-figures.
Then I knew a girl who managed a Papa Gino’s (just one). She wasn’t doing so great, kind of poor.
Exactly as much as it takes to get a sufficient number of capable workers.
There are some business owners who seem to think that if they can't get enough workers at the wages they want to offer, that somehow it's the labor pool's fault. These guys usually don't stay in business too long.