A McDonald’s golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants.
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McDonald’s franchisees who add new restaurants will soon have to royalty fees for new franchised restaurants at McDonald's”>pay higher royalty fees.
The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It’s the first time in nearly three decades that McDonald’s is hiking its royalty fees.
The change will not affect existing franchisees who are maintaining their current footprint or who buy a franchised location from another operator. It will also not apply to rebuilt existing locations or restaurants transferred between family members.
However, the higher rate will affect new franchisees, buyers of company-owned restaurants, relocated restaurants and other scenarios that involve the franchisor.
“While we created the industry we now lead, we must continue to redefine what success looks like and position ourselves for long-term success to ensure the value of our brand remains as strong…
2023-09-22 07:24:28
Article from www.cnbc.com