How to start McDonald franchise business?
To start a mcdonald franchise in India, you need a lot of investment. But this could be profitable business opportunity for you. Let’s see franchise cost profit and investment details.
McDonald’s Corporation is an American company. This company mainly works in serving foods to millions of people.
This company was founded in 1940. This is a big giant venture which is mainly operated by Richard and Maurice McDonald, in San Bernardino, California, United States.
We all love fast foods. Mainly burgers, And especially Mcdonald’s burger.
In the beginning years of business, someone has to be joined, Mcdonald. The first person Ray Crock has joined them and has become the first franchise agent for McDonald.
They started to sell the franchises. And now they are serving fast food in almost 119 countries.
You know. This food giant is the world’s leading global foodservice retailer. After doing some research. Because this McDonald is serving over 38,000 locations in over 119 countries.
Independent local business owners operating approximately 93% Off McDonald’s restaurants.
Owning a McDonald’s restaurant in India is a lucrative business opportunity for young entrepreneurs.
We know, business is always better than a job. Then why don’t we become the part of leading fast-food giant McDonald’s?
To start a fast food business, you will have to take responsibility for quality food. Because the customer is first and then money. If you don’t satisfy your customer then you are not going to make money in any business. You will need both financial ability to start and a customer-first mindset.
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McDonald’s is a joint-venture company with two Indians. Named Amit Jatia, and Vikram Bakshi. In India Amit Jatia owened M.D. Hardcastle Restaurants Pvt. Ltd. And he is a head of west & south India region of McDonald.
And Vikram Bakshi is a head of the North & East India region. He also owned Connaught Plaza Restaurants Private Limited.
They both are authorized people of McDonald’s. And they have the right to open, operate McDonald’s restaurants in India.
Do you know? When McDonald’s symbol was introduced to the world? It was introduced in 1965. The company attracts more customers to their stores using their well-known symbol.
McDonald franchise Products and Services
You can have Burgers, Salads, French Fries, Combo Meals, Cold Beverages, Mojitos, Deserts wraps, and so on.
They also have a ‘take away’ facility as well. They are offering lots of varieties of fast food with minimum cost and high quality.
McDonald’s offers a wide range of products. But the burgers and fries are the most lovable fast food item listed on McDonald’s menu. They also serve vegetable and non-vegetarian food items in their fast-food chain.
Must know- Company does not serve any beef products in its fast-food chain in India.
Fast food items they offer– McVeggie, McGill Chicken, McAloo Tikki, McCurry Pan Chicken, Paneer Salsa Wrap, Veg McCurry Pan, McPuff Pizza, Maharaja Mac Chicken, McChicken, Filet-o-Fish, and Crispy Chinese.
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How to get a McDonald Franchise in India 2021?
I have researched through lots of web portals, Now I have come up with certain steps and procedures which you have to follow.
The steps to apply for a McDonald franchise:
The first step You must read the McDonald Franchise Disclosure Document.
Read rules, regulations, and restrictions of running the McDonald franchise in India. You can download it from their web portal.
The next step is to apply for the right to vote by completing an application form. You will have to fill in your personal and professional details in the application form. then submit the application form.
McDonald’s support team will review your application and you could be selected for a telephone interview.
Remember it. The two primary documents that are very important to you are the Franchise Agreement and the Franchise Disclosure Document (FDD) in the franchise business.
After selection, you can learn about the work of the store. The franchise team will train you on how the store works, to maintain the quality, and what it will take to run a franchise successfully. training is anywhere from 12-18 months and it can be done on a part-time basis.
They check the financial ability of a person and the ability to running a restaurant.
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Cost of McDonald franchise in India.
How much does it cost to open a McDonald’s franchise?
Business needs money to run. Your business is a part of the big fast-food giant of McDonald’s. This fast food Franchise Business needs nearly Rs. 6.6 Cr to Rs. 14 Cr of investment.
You need to invest a huge amount of money into this business.
What is the franchise cost of McDonald’s?
McDonald’s franchise cost is Rs. 30 Lac in India. They will take a 4% service fee. You will need Rs. 10 Cr to buy Franchise of McDonald in India.
McDonald’s gains millions of customers every day. Your franchise business will earn a positive profit. Advertisement costs are possibly low because of brand awareness.
Area requirement for McDonald franchise in India.
How much area is needed to start a McDonald franchise in India?
Area requirement is a main concern of business. You can see to other’s restaurants. How much area they have got to start a business? I have noticed, McDonald’s franchise business needs an area of 1500 sq. feet minimum.
Locations – Land details
Location is very important for any kind of business. For food chains, it is even more important to have a pleasant and prime location so that it can attract more customers round the clock.
While choosing a location one must consider the area and the locality. Whether people will visit the outlet, buy products or not is very important to consider.
Choose the location wisely.
I mean, Don’t overestimate location importance. Your business sales depend on it.
You can choose traditional restaurants – like food courts, food buildings, and restaurant hubs.
satellite places – hospitals, colleges, airports, railway stations
STO Locations – petrol pumps and gas pumps.
Or you can set up a business in around 50,000 square feet area with 4000 sq. ft. an open area is needed.
You can take land from McDonald’s on lease. They will charge rent from the franchisee owner.
McDonald’s franchise profit margin.
How much profit a McDonald franchise make?
Any Individual can make 3-4 lakh rupees minimum profit from a McDonald franchise business.
McDonald’s average profit margin grew up to 22%.
process of applying for a McDonald’s:
Submit an application to U. S. Franchising. An online U.S. Franchising application.
Some facts about McDonald’s franchise business.
They do not work with applicants who have desired a specific restaurant location. They won’t tell you which area is available for sale at the time the training is completed.
Their development teams will come and see and then they will select and build the sites. If you have your property, then you can sell it or leasing it to McDonald’s. If you want to do so you can visit the Real Estate section of the website portal information.
McDonald’s does not permit partnerships or investors at this time. It is possible only if they want to partnership with you.
McDonald’s fast-food giant does not allow any partnerships, including sibling partnerships. Franchises will be only granted to those people who have completed the training program of McDonald.
You can’t buy a franchise for your son or daughter.
McDonald’s is always seeking those people who are capable of operating multiple locations. If you are operating multiple businesses, then maybe you are suited to operating several McDonald’s franchises.
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Tips for a successful franchise business.
- Follow the proven system.
- Hire the best people and treat them right.
- Use what your franchisor gives you.
- Manage your time efficiently.
- Give yourself a chance to work on your business.
- Ensure you have the right group working in the proper roles.
- Save your cost always.
- Don’t hesitate to say sorry, even if you are an owner.
- Always be on time.
- Don’t ever forget about your quality. Even it is a dream.
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