Details about the McDonald’s Franchise Fee 2023 & the Franchising Process
MCDONALD’S FRANCHISE FEE 2023 – Here is a guide in franchising a branch of McDonald’s, a popular international fastfood chain worldwide.
Across the globe, one of the fastfood chains that is very popular in a lot of countries is McDonald’s. It has several successful branches worldwide and the foods in its menu are favorites of many people.
McDonald’s offers delicious fried chicken, harmbuger, spaghetti, French fries, pies, ice creams, and a lot more. The prices in the menu of McDonald’s are affordable as well that is why you can eat at the fastfood chain even when you are on a budget.
McDonald’s is one of the best food businesses to franchise. However, it requires millions and enough experience in terms of running a business.
McDonald’s Philippines has carefully set a list of the eligibility requirements in applying for a franchise of the popular international fastfood chain. To qualify, the franchisee must meet the following qualities:
- has a significant business experience
- a Filipino or former natural born Filipino Citizen
- has successfully owned or managed multiple business units
- has significant financial resources
With regards to the McDonald’s franchise fee 2023 in the Philippines, the cost is dependent on the size, location, type, and the CAPEX features of the branch you wish to built. It can be in U.S. dollars or in the Philippine Peso. The following are also considerations for the total cost:
- Restaurant type & size
- Suitability of existing building
- Site location whether provincial or within Metro Manila
The McDonald’s franchise fee 2023 is $1 million or its equivalent in Philippine Peso using the prevailing exchange rate. Here are the inclusion of the franchise deal:
- Architectural Planning and Global Design Fees
- Building and leasehold improvements and other relevant site works necessary
- Air-conditioning system, kitchen exhaust and stainless fabs
- Point of sale
- Kitchen equipment, seating, signage and décor
- Other furniture and fixtures
- Government mandated requirement
