HOw much down do you need to buy a McDonalds or Subway franchise?
i was tlaking with this guy today and he tells me that you can get a subway for 25K down and a Mcdonalds for 75k down and they will finance the rest. is this true?
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Chef Mark said,
June 3, 2010 @ 2:21 pm
There is more than just money involved. I thing both prices are quite low. Your credit would have to be outstanding and have a solid financial status. It wouldn’t be like buying a house. You have to show assets and a good business history. You also have to have the ability to work through their system. Micky D’s doesn’t just let anyone with 100 G have a franchise.
Chelsey said,
June 3, 2010 @ 2:51 pm
You must have $100,000 of your OWN money (not money that has been loaned to you) before you can purchase a franchise from McDonalds.
You should also have a business degree or something of the sort. Other wise, they can not trust you to do an efficient job.
The prices the guy told you about are very low and not true. They will not finance anything, but rather tell you what to buy and how much to spend.
You are basically paying for a well known name, and for a business that has everything already figured out (such as prices, food choices, even down to where they get their napkins from). You can’t change anything, otherwise they can deny your right to the franchise.
If you have the $100,000 handy, and are wanting to purchase a McDonald’s or a Subway, you should contact the company and inquire about it.
Best of Luck
jjt said,
June 3, 2010 @ 2:58 pm
a friend of mine owns a McDonald’s franchise. he told me they won;t even talk to you unless you have 3 million dollars up front
G N A said,
June 3, 2010 @ 3:40 pm
If you want the truth, go to the source. I’ve listed both McDonald’s and Subway’s corporate sites that gives you ‘the truth’ about purchasing a franchise.
bake said,
June 3, 2010 @ 4:11 pm
Mcdonalds requires an initial investment (franchise fee) of $45,000 and your total investment will range between $1M and $1.8M.
Subway requires an initial investment of $15,000 (franchise fee). The total investment is between $80,000 and $240,000. The term of the agreement is 20 years.