General Discussion
In reply to the discussion: So I Walked In To A Fast Food Place...and??? [View all]ceonupe
(597 posts)Often times in franchise business corporate will push and demand a remodel/rebranding of stores. It's very costly for the franchisee but the have to do it or give up their franchise. So they usually borrow the 200k either thru lenders the corporation has pre arranged or thru 3rd parties.
I personally know a McDonald's owner of 3 locations in the Atlanta area. He makes after taxes less than 100k per year. Works over 80hrs a week. He says unless you have multiple locations for many it's not that profitable. He says the best decision he made at one location was to outsource drive they order taking to a call center. He said he had a dramatic increase in speed and reduction in errors. Also the staff liked it as it gave them a few more seconds with the customer instead of multitasking and making mistakes and running behind. He said the cost was less than hiring a dedicated onsite order taker. He next plans to rollout kiosks at this same location. This one location is the only profitable location so he hopes what he learns there can be used at the others.
As for employees he said he prefers young single parents and college students the most because the work with purpose. His locations have a car repair fund that employees can tap into to get their car repaired and have deductions taken out over 3 pay periods intrest free, he says single moms are the most dedicated employees and work the hardest. He says college kids help motivate the other employees and bring very good interpersonal skills to the location. He said also because college kids usually work no more than 20-30hrs a week max they don't require long term Beniffits that quite frankly good service jobs can't afford to provide.
He was very honest and I was shocked to see that he was being forced in to a large scale remodel of one of his locations at a cost far more than 200k or had the option of givin that location up. He but the billets and borrowed the money to maintain his teritory agreement.
If you are wondering his entry level wage is about $1 higher than min wage. However they are specific on appearance so any visible tats or Percings not in the ears women women only no male piercings need not apply.