Things You'll Need:
- Personal and liquid assets of $300,000.00.
- Strong personal credit history.
- Prior business owner/management experience.
- The ability to complete 9-24 months training.
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Step 1
Before you do anything else, you must have the business experience required. You must have owned several businesses or managed several departments successfully. You also need to make sure your personal credit history is in excellent standing.
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Step 2
Gather your personal and liquid assets. McDonald's requires approximately $300,000.00 as a down payment. This must be non-borrowed personal resources (i.e. cash in hand, securities, bonds, etc.). This could fluctuate since the down payment will vary depending on whether you buy a pre-existing store or a new store. The rest can be financed but only for a maximum of 7 years. You will be required to pay a monthly service fee and rent. The service fee is about 4% of your monthly sales.
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Step 3
Complete the franchising application. You can find it at https://www.mcdonalds.com/content/corp/franchise/application_online0.html
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Step 4
You must pass several interviews with McDonald's before they will even consider you as an owner/operator.
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Step 5
Once step 4 is completed, you will then be able to choose your store from a list of available franchises for sale.
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Step 6
Your final step is perhaps the hardest for some people. You must complete special training through McDonald's that can last anywhere from 9 to 24 months, depending on the time you are willing to invest.
