And McDonald's shareholders all over the world thank McDonald's Operators for your contribution. And the super-secret REIT thanks you for improving or replacing their buildings.
McD is applying the expandability and rewrite criteria to force out smaller O/Os and then looking the other way concerning those criteria for the buyer of the smaller O/O's stores.
At the end of March there is a meeting in Oak Brook which will give a "Vision" of what is coming. They are expecting that this will be the motivation for operators to sell. If they don't sell soon the new improvements will go on the NRBS list and no sales will be approved unless the buyer or the seller agree's to do them.
Look at the Dunkin Donuts system about 12 years ago under Jon Luther and Steve Horn.
That is the future. Maybe some of us will get paid something for our restaurants instead of just getting churned out of the system for Oak Brook to get all of the buyer money. Maybe.
8 comments:
Since we don't have a free market for our stores and McDonald's controls the sales prices not much of this applies to McD O/Os.
With the rewrite and reinvestment requirements McD places on sales, any store under $3mm is virtually worthless.
And McDonald's shareholders all over the world thank McDonald's Operators for your contribution. And the super-secret REIT thanks you for improving or replacing their buildings.
Heard today that MCD is expecting a 20% attrition rate in the operator community. Normal has been 6%.
Anyone hear this?
McD is applying the expandability and rewrite criteria to force out smaller O/Os and then looking the other way concerning those criteria for the buyer of the smaller O/O's stores.
20% sounds conservative, especially over the long term.
At the end of March there is a meeting in Oak Brook which will give a "Vision" of what is coming. They are expecting that this will be the motivation for operators to sell. If they don't sell soon the new improvements will go on the NRBS list and no sales will be approved unless the buyer or the seller agree's to do them.
Look at the Dunkin Donuts system about 12 years ago under Jon Luther and Steve Horn.
That is the future. Maybe some of us will get paid something for our restaurants instead of just getting churned out of the system for Oak Brook to get all of the buyer money. Maybe.
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