Do you need a McDonald's business plan to open your own McDonald's franchise store? Every McDonald's business plan should include detail regarding the marketing, operational, financial, and growth strategy of the business and indicate where the bakery will be located.
McDonald's is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand, and later turned the company into a franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. McDonald's had its original headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in early 2018.
The following are a few questions to answer when writing a McDonald's business plan:
- Where will the store be located?
- Who is the target consumer profile?
- What are demographic stats for the geographical area that the barber shop will locate?
- What is the pricing strategy of the franchise?
- Who are the most direct competitors?
If developing a franchise business plan seems like an overwhelming process and you do not have significant business planning and financial planning expertise, contact Capital West Advisors. Capital West Advisors develops high-quality plans at the most competitive rates in the industry. Call us at (888) 300-3090 for a free consultation.
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