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Franchise Operators

All articles tagged with #franchise operators

business2 years ago•2 min saved

McDonald's Raises Royalty Fees for New Franchise Restaurants in US and Canada

McDonald's is increasing its royalty fee for new franchise operators in the US and Canada from 4% to 5% starting January 1, 2022. The change aims to align the North American market with the international market and better reflect the brand's value. The term "service fee" will be replaced with "royalty" to reduce confusion. McDonald's estimates that the change will initially impact a small number of restaurants but will apply to more over time. Franchise operators pay the royalty fee for using the McDonald's brand and accessing its expertise.

via CNN|

#brand-value #business #franchise-operators

business2 years ago•1 min saved

McDonald's Implements First Royalty Fee Increase in 30 Years

McDonald's is increasing the royalty fees for new franchise operators in the United States and Canada from 4% to 5%, starting January 1, 2023. This is the first time in nearly three decades that the fast-food giant has raised these fees. The change will not affect existing franchisees or those who buy franchised locations from other operators. The revised rate aims to maintain McDonald's competitive edge and support independent small business owners. McDonald's operates over 13,000 locations in the United States, with franchisees making up nearly 30% of its total revenue in 2022.

via Yahoo Finance|

#business #canada #franchise-operators