[sgoraya]

My father's/family friend opened a McDonalds franchise about 20 years ago. He needed to have approximately $350k, 'non-borrowed' cash on hand to be considered as a franchisee.

> How's the experience?

It must be good because he now owns 4 McD franchises. All his kids worked there through HS and (some) college. His son is the "Manager" of all 4.

> Does it require lots of work?

I think after their first couple of restaurants, they have developed and refined their management system. The son works a typical work week floating between restaurants and balancing books, hiring managers, etc.

> Or just require passive monitoring?

My fathers friend was at the first restaurant from almost open to close everyday for several years. (I used to ride my bike there for free ice cream and he was always there). The son seems to have enough free time - its almost like a 8-6pm type job for him.

> How's the cost vs payout?

He and his family are very well off and have been able to invest in other money making areas as well. A lot of hard work on the front end but now he has 4 cash cows that his son manages.

[ww520]

Thanks. That's very good info.