Most everyone in the U.S. has eaten at a McDonald’s restaurant at least once in their life. While most are aware that many fast food locations are franchises, they probably have not given much thought to how that works.
While a portion of the locations are company owned, meaning they are owned, operated, and staffed by company employees, more than half of the locations are franchised. This means that a person who wants a McDonald’s franchise, for example, can apply for a license from the company if they can meet all of the requirements. This can include going to a training program, paying several hundred thousand dollars, and even purchasing land and giving it to the company. Continue Reading ›