How Franchising Works : Mcdonalds Franchise Example

Рет қаралды 197,805

Күн бұрын

Want to know How Franchising Works? This video explains franchising in an easy way using the McDonalds franchise as the example.
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Start a business
Own my own business
Start a business with no money
Career transition
quit my job 2021
career transition 2021
Start a business 2021
Become an entrepreneur 2021
When to quit your job
Leave your job
work for yourself
gary vee
#franchise #entrepreneur #startabusiness

Пікірлер: 594

@TariqJohnson Ай бұрын

📘 FREE StarterKit - Zero to Profitable Franchise in Less Than 12 Months: Start fast in the franchising world. Download Now: www.franchiseempire.com/o-ztpf-guide

@Rose-uf1eh 2 жыл бұрын

I couldn’t sleep but I’ve been up all night thinking about the future so I came here. I still haven’t started high school but I want my parents to not worry about me when I’m on my own.

@TariqJohnson 2 жыл бұрын

Wow- awesome! Good for you being young thinking about your future. Keep envisioning yourself living the life you want. There is power in thoughts. Keep watching videos like this and reading business books. Surround yourself with people that have succeeded in life and business- you will find your way.

@georgevan2606 2 жыл бұрын

Get yourself a degree that earns you a stable job, and start building your dream from there. I have seen younger people try different things to "get rich quick" like BITCOIN, KZfaqr... But the point is, everything has risks. The more net worth you have, the less risks you have. Is it riskier to raise your net worth from $1M to $2M, or from $10K to $2M, in the same amount of years? So, get a stable 9-5 job and start from there. If you want to be an entrepreneur, best degree is Engineering, because the top 10 companies in the world are engineering related.

@georgedelobos9755 2 жыл бұрын

The fact that you are so young thinking about the future should tell you that you will be successful in life. Find a mentor that is already successful and learn things that even colleges cannot teach.

@goldenstandard187 2 жыл бұрын

I Love It My Advice Is Stay In The Library I Read Up On Passive And Residual Income All The Answers To Success Are In The Library

@goldenstandard187 2 жыл бұрын

Fuck What That Other Guy Saying A Trade Is Better Than A Degree Open A Credit Union The Better Than Banks And Boost Credit Score

@user-iq8qh2mx3r 2 ай бұрын

Watching this 2 years later. Great video! Your hands are huge

@TariqJohnson Ай бұрын

Hey, thanks!

@relentless383 Жыл бұрын

Great video, very informative, detailed and elaborated. Thanks a lot mate!

@kaydiankerr Жыл бұрын

I love the simplicity of explaining this to me. Better than all the readings and other videos thus far. Many thanks @TariqJohnson

@TariqJohnson 11 ай бұрын

Score! My pleasure

@taylorjardine11 Жыл бұрын

Amazing content thank you

@Vprenuer 2 жыл бұрын

Thank you for the information, just found your page and I like the real life perspective you give 💯 I greatly appreciate it

@TariqJohnson 2 жыл бұрын

My pleasure Corey.

@Sparklegamers Жыл бұрын

You made me feel at ease about owning a franchise. Thank you for sharing your time and information

@mavinngwira6355 Жыл бұрын

Perfectly explained and simplified this is so clear to understand you have really pumped knowledge to my head thanks.

@hung1526 Жыл бұрын

8:53

@patrickchristofferlarsen9947 2 жыл бұрын

Well, you explained franchise better than my textbook - so I guess that's a win. Thanks a lot :) !

@TariqJohnson 2 жыл бұрын

Lol! Hopefully it helped you ace the test 😉

@edubble2000 Жыл бұрын

Facts

@Money58 11 ай бұрын

Fact

@3830julia 2 жыл бұрын

Hi! New subscriber! Literally just sent a franchise application and came to KZfaq to educate myself. You were the first video I watched! Thank you for valuable information

@TariqJohnson 2 жыл бұрын

Welcome Julie! Glad you enjoyed it. Make sure to check out the LIVE masterclass I’m doing tomorrow.

@moses3412 Жыл бұрын

You sent the application before some type of due diligence? Just curious how that turned out.

@mahirkanani2921 5 ай бұрын

hey, did you actually end up owning a franchise? if yes, how is it going? any advice for someone like me who is looking to get into Frenchise business?

@erxsvn 3 жыл бұрын

Thanks for all the info you're providing in regards to franchises. New subscriber here!

@TariqJohnson 3 жыл бұрын

Thanks and welcome!

@TariqJohnson 3 жыл бұрын

Tariq is hosting a FREE online event, go register at dreamlifemastery.com/

@angelasmith1098 Жыл бұрын

I loved this information Thank you

@TariqJohnson 6 ай бұрын

My pleasure

@dontefairley7238 2 жыл бұрын

I enjoyed your video a small businesses and I'm a franchisee owner with a commercial cleaning franchise, and my main favorite franchise brands are the Marriott, 711 and Chick-fil-A like how you explain what is a franchise and your video provide a lot of information for the people out there that don't know what franchise it is or how it works very good video keep up the good work.

@TariqJohnson 2 жыл бұрын

Thanks for the feedback Donte. Shoot me an email , would love to hear more about how you got into franchising and how it's going for you. info@tariqjohnson.com

@jonasconradkapila7382 2 жыл бұрын

Hi Tariq, thanks for your profound explaination. Grateful. With love Jonas from Zambia

@TariqJohnson 2 жыл бұрын

My pleasure!

@ollieox9181 9 ай бұрын

Very informative. Thanks for posting.

@TariqJohnson 7 ай бұрын

Glad it was helpful!

@rodhindmarsh6714 2 жыл бұрын

Hi Tariq great job this is brilliant explanatory video on franchising

@TariqJohnson Жыл бұрын

Thanks Rod!

@bhaktijoshi9323 Жыл бұрын

Beautifully explained! Keep it up!

@TariqJohnson Жыл бұрын

Thank you!! 😀

@essentiallearning8458 2 жыл бұрын

excellent content! thank you

@TariqJohnson 2 жыл бұрын

You're very welcome!

@trust4amit Жыл бұрын

Excellet Tariq! I like the way you have said it all! Good!

@TariqJohnson Жыл бұрын

Thanks!

@reubenemmanuel6569 Жыл бұрын

Thanks for taking ur time to explain this.... U have made it very easy to understand 💯

@TariqJohnson 9 ай бұрын

My pleasure.

@osegunadeniyi 6 ай бұрын

Hello Tariq, good job. Thank you for sharing your insights.

@TariqJohnson 6 ай бұрын

My pleasure

@hamzaabdirahman9703 Жыл бұрын

Wow! you explained very well and understandable way. Thank you very much.

@TariqJohnson 7 ай бұрын

My pleasure.

@VikasB123 2 жыл бұрын

@Tariq, good and informative video! I am just getting into this world and these basics really helped!

@TariqJohnson 2 жыл бұрын

Glad you like it! I have LOTS of videos on franchising...and doing a free training on KZfaq live, make sure you have your notifications on!

@papoopapa Жыл бұрын

😊

@DammyFX 4 ай бұрын

You explained the concept very well. Thanks

@TariqJohnson 4 ай бұрын

You’re welcome!

@raydrayrd3389 Жыл бұрын

amzing vry good.the way presented the info.

@Ahmed_therealjaber 2 жыл бұрын

I love all this info brother..

@TariqJohnson 2 жыл бұрын

Awesome! Thanks for watching.

@ochrechap Жыл бұрын

Tariq u r so good! U explain so well, so simply. I feel so motivated. From South Africa

@TariqJohnson Жыл бұрын

Thank you!

@queendoss8118 3 жыл бұрын

Very informative and informative 🤫🤔💯

@TariqJohnson 3 жыл бұрын

Glad you think so!

@ssbell2011jcsu Жыл бұрын

My favorite franchise brand is Adam & Eve. : ) I'm watching your KZfaq channel to learn more about exploring the opportunity to potentially become a franchisee for this brand. Good stuff. Thanks!

@avelinomacatane4512 11 ай бұрын

Thanks bigtime Tariq. This video was valuable

@TariqJohnson 11 ай бұрын

My pleasure, glad it helped!

@pierceamedi8260 2 жыл бұрын

Thank You!

@TariqJohnson 2 жыл бұрын

You're welcome!

@bryanjofficial Жыл бұрын

This explained Franchises very well to me, thank you for the education and the simple explnations that you provided here in this video.

@TariqJohnson Жыл бұрын

You're very welcome! Glad you found it helpful.

@nathanielcormier4930 2 жыл бұрын

Great information

@TariqJohnson 2 жыл бұрын

Thanks 🙂

@KM-fe2cq Жыл бұрын

Wonderful Intellect! Very Impressed!

@TariqJohnson 7 ай бұрын

Well, thank you!

@hugolittrell7339 2 жыл бұрын

Tysm you explained it in such a simple way

@TariqJohnson 7 ай бұрын

Thanks

@juscllmehd929 2 жыл бұрын

Ok you video was very informative and I didn't get to watch all of it but I'll be bk to watch it all

@TariqJohnson 2 жыл бұрын

Glad you like it.

@davidolugbade4101 2 жыл бұрын

just supporting the channel

@TariqJohnson 2 жыл бұрын

Appreciate that man.

@brightonyadahjr4 Жыл бұрын

Thanks for guide and mind opener about franchise

@TariqJohnson Жыл бұрын

My pleasure

@christinajones7319 Жыл бұрын

Thank you!

@TariqJohnson Жыл бұрын

You’re welcome!

@danielgomezmeneses6989 7 ай бұрын

I loved this content ❤ thanks a lot😊

@TariqJohnson 7 ай бұрын

Glad you enjoyed it!

@davidjacob4847 11 күн бұрын

Great content! Thank you for simplifying this international market entry strategy for me.

@nickodemis 2 жыл бұрын

Great Video

@TariqJohnson 2 жыл бұрын

Thanks!

@aliasair3214 Жыл бұрын

Thanks million bro

@TariqJohnson Жыл бұрын

You're welcome!

@rubycube2258 2 жыл бұрын

I just found this channel and IT. IS. AMAZING. You are soooo knowledgeable and easy to listen to and follow. I may have missed this, but do you have a video discussing or can you tell me what Franchisors are looking for (in general) when they are deciding to say yes. Like are they going to be digging into my credit history, debts, etc? Would they say no due to high student loans even with an excellent credit score? Are they looking for you to have ZERO debt? What are some reasons they may deny you?

@TariqJohnson Жыл бұрын

Hey thanks Ruby! Franchisors look at many things , but meeting their liquid/ net worth requirements are typically the first. You will definitely need to fill out an application and a personal financial statement. Most franchisors will also run credit. Typically as long as you meet their net worth requirements and have the down payment for an SBA loan, you can can get approved by the franchisor.

@theafricatoday234 2 жыл бұрын

Good explanation

@TariqJohnson 2 жыл бұрын

Thanks

@billtorres9880 Жыл бұрын

Thank you

@TariqJohnson Жыл бұрын

You’re welcome

@Uzi57211 2 жыл бұрын

Amazing video

@TariqJohnson 2 жыл бұрын

Thanks!

@Uzi57211 2 жыл бұрын

@@TariqJohnson 🐐

@abrahamzekios2666 2 жыл бұрын

Good thanks

@TariqJohnson 2 жыл бұрын

You're welcome!

@nokhethosharon1659 Жыл бұрын

Thank you. I hope to pass my APC board course with this information 🙏.

@TariqJohnson 7 ай бұрын

What?! Awesome!

@mackysolomon8541 2 жыл бұрын

informative content

@TariqJohnson 2 жыл бұрын

Thank you.

@HoneyLovesSelf⁷ Жыл бұрын

Didn't know Marriot was a franchise . Ty for the video lesson.

@abbassaad6973 2 жыл бұрын

I am just 17Y old and I thought about franchises and I love business & investing , hope in future I can make my dreams come true .

@TariqJohnson 2 жыл бұрын

I’m rooting for you!

@rmbru2k Жыл бұрын

Thank you Tariq. This is a great summary of the basics of considering creating a franchise opportunity with my own business. I believe it is promising, purposeful and possible for me to do it.

@TariqJohnson 7 ай бұрын

Sweet! Check this podcast episode out on franchising your biz. kzfaq.info/get/bejne/nNCPfK560rCxe5s.html

@copytongue3652 2 ай бұрын

thanks man understand a lot

@TariqJohnson 2 ай бұрын

Happy to help

@prabijshrestha 2 жыл бұрын

Thank you i got my all answers 🙂

@TariqJohnson 2 жыл бұрын

Great!

@tropicallymixed. 2 жыл бұрын

Good video.

@TariqJohnson 2 жыл бұрын

Thanks!

@JG-no4qr 2 жыл бұрын

Great video thanks. I’m going to read your seven steps book soon. Just found out about it. What are the limits if any that a franchise system can impose on franchisees?

@TariqJohnson 2 жыл бұрын

Hope you enjoyed the blueprint. There are many limits- all would be listed in the FDD.

@rmt3589 2 жыл бұрын

@@TariqJohnson What is the FDD?

@samavirginia879 2 жыл бұрын

sir your video is so educative.my husband and I wish to set up a franchise restaurant.I need your guide on this.Thank you sir.

@TariqJohnson 2 жыл бұрын

Thanks. I need to interview 50 people that are looking into buying a franchise, or just trying to figure out how to transition from employee to full time entrepreneur. I’d like to set up a brief call to interview you. If you are down, please send me an email at info@tariqjohnson.com and I’ll reply with the link to book directly on my calendar.

@samuelporter8539 Жыл бұрын

A lot of people doubt me and what I want to do but it is possible. Working from food truck is good just not my route.

@user-uc9gd6lj8b Жыл бұрын

😅😊 you really saved me wow! You explain better than my teacher does

@TariqJohnson 7 ай бұрын

Boom!

@alexandrubaginean7369 2 жыл бұрын

I just subscribed.

@TariqJohnson 2 жыл бұрын

Welcome aboard!

@chrisventura1881 11 ай бұрын

I've def been thinking about this w an old abandoned Dairy Barn by my house. My neighborhood could use something there. I'm in NY. Thanks for info.

@TariqJohnson 11 ай бұрын

Awesome, go for it!

@KingRyshawn Ай бұрын

Very informative thank you. 14:04

@TariqJohnson Ай бұрын

Glad it was helpful!

@josephharkness7957 7 ай бұрын

Gotta say I love 5 guys as well

@TariqJohnson 7 ай бұрын

🔥

@nuelreview5636 2 ай бұрын

sometimes all we need is someone explaining this things in simple clear words. now I understand how franchise works. my favourite is KFC cause its more popular in my country Nigeria and other African countries. thanks a lot.

@TariqJohnson 2 ай бұрын

Happy to help! Thanks for watching

@jacklarge4918 10 ай бұрын

Great video . Your hands are massive

@TariqJohnson 10 ай бұрын

Banana hands!

@mudimabiriani6467 2 жыл бұрын

im running Business in Dar es Salaam,Tanzania🇹🇿 i Build Brand for almost 6 yrs Thank You for education im about to go to franchise 🔥🔥

@TariqJohnson 2 жыл бұрын

Great! Congrats!

@TanglesunTamed 2 жыл бұрын

You explained it so easily. 😎 Thank you Does the Franchisor ever pay those startup fees?

@TariqJohnson 2 жыл бұрын

My pleasure. In 99% of instances they do not pay the start up costs.

@fanalindsay1387 9 ай бұрын

What's your website?

@KhandokarRobi Жыл бұрын

GREAT

@TariqJohnson Жыл бұрын

😀

@Tonsillitis96 Жыл бұрын

I know this is 2 years ago... But this helps a lot because my husband and I want to open a mcdonalds and other franchise

@TariqJohnson Жыл бұрын

Glad it helped. McDonald’s will be a tough one.

@ogmelsokkary9806 2 жыл бұрын

What is impressive when applying for a franchise? What is the most effective way to reach out to franchises? Also a new subscriber!

@TariqJohnson 2 жыл бұрын

They have a contact us form on their website. As long as you meet their net worth requirements, they’ll want to talk to you.

@goldenstandard187 2 жыл бұрын

Florida 😍

@TariqJohnson 2 жыл бұрын

🌞

@jermainelindo6944 Жыл бұрын

constructive in eating

@TariqJohnson Жыл бұрын

eh?

@apmdiesel 2 жыл бұрын

Tariq Thank you so much for your videos. My 2 favorite franchise 5 guys and panera.In your experience which one is more profitable andLess expensive to start? What was your 1st franchise? Thank you again and God-bless

@TariqJohnson 2 жыл бұрын

Love 5 guys. I also enjoy Panera. Those are 2 franchise concepts that don't do single location deals, and you typically need millions or access to millions and sign a deal to open up multiple units. These are not accessible concepts for the average individual looking to buy a franchise. As an example- 5 guys requires prospective franchisees to have access to $5million in capital. 😳

@TariqJohnson 3 жыл бұрын

What is your favorite franchise brand?! Mine is Five Guys Burger and Fries :) Also grab my 7 Step Blueprint to Business Profits in 60 days for FREE! www.tariqjohnson.com/

@mmebra2 2 жыл бұрын

What about 7 eleven franchise? Is that good to open?

@jiraiyayomamkai509 2 жыл бұрын

Tariq did you have to get trained by McDonald's to also open up your franchise?

@dixiee5778 Жыл бұрын

Tropical Smoothie Cafe.

@billtorres9880 Жыл бұрын

Mine too, every thing you mentioned it’s so important, I’m looking to buy some property to but I like to because I really want to do what your doing because it’s a great investment, thank you

@amrabdalaziz8422 Жыл бұрын

MacDonald’s for sure

@QueenQueen-np2sm Жыл бұрын

Thanks for explaining, What do you suggest is a good franchise to open now and how much should one start with?

@TariqJohnson 7 ай бұрын

All depends on you, your goals, your background etc. There is no one size fits all.

@EllisEndsley Жыл бұрын

I’m trying to learn about owning a restaurant because I have a brilliant idea for a restaurant and need help getting it started.

@TariqJohnson 11 ай бұрын

Restaurant business is a tough business.

@adelehauwai3024 Жыл бұрын

I have a business, looking at getting into franchising it. Doing research for now

@TariqJohnson 7 ай бұрын

This video will help kzfaq.info/get/bejne/nNCPfK560rCxe5s.html

@Issamesteve Жыл бұрын

I’m 16 years old, and still in High school if you were in my shoes what do you wish you did differently? Any pointers you could give. I’m interested in becoming a franchisee, but don’t know where to start.

@artamis7 2 жыл бұрын

my favorite franchise brand is Red Robin...not sure how much more these are compared to fast food, but I'm interested in learn more about this. Do you have any videos on Restaurant franchises like Red Robin / Olive Garden / BJ's? ..thanks

@TariqJohnson 2 жыл бұрын

Red Robin is likely very, very expensive to own. Overall I'm not a fan of food franchises- so no videos on them. Olive Garden is corporate.

@Muslim-in3nz Жыл бұрын

Commenting for the algorithm

@dannybuttimer9383 2 жыл бұрын

You godda play big to win big - DPB

@TariqJohnson 2 жыл бұрын

This is true. Scared money don’t make money. 😜

@davidmaclean9096 2 ай бұрын

Great video and super simple and informative. I am a teacher and have been covering this for years. Do you have any information on how population effects whether or not a franchise will be successful? For example, how large should be a town be to support a McDonald's? Thanks.

@TariqJohnson 2 ай бұрын

Not a specific on that topic. But I talk about market demand here kzfaq.infozGsz9xzyH50?si=GVFax2oIg275M09k

@business-advice-that-works Жыл бұрын

Would you be able to do a. Idea on how to start franchising your company for business owners?

@TariqJohnson Жыл бұрын

That's a great idea- yes I will.

@jayisshogun 2 жыл бұрын

Hello new to your channel love it so my question is how do you get funding for a franchise thats not a majorly known brand they are real big in PA multiple locations want it here for Nashville TN

@TariqJohnson 2 жыл бұрын

Depends on the funding route you are choosing. For SBA the business tends to need to be on their approved list. Many other ways to fund a business. Watch this video. kzfaq.info/get/bejne/sKqFdbOI0527oYU.html

@dustywelchcraneman6614 Жыл бұрын

So my brother and I drive an hour south regularly to Weirton West Virginia to a Tudors biscuit word, we want to open one in out town. A McDonald’s store closed about 7 yrs ago and a friend of mine they purchased the building and is looking for a business to move in. We are currently working some sort of agreements to start the process of getting tudors to meet with us.

@elijahmatthew5270 2 жыл бұрын

Five Guys is my favorite too!

@TariqJohnson 2 жыл бұрын

Boom! So good.

@lennardmolvin8975 2 жыл бұрын

Thanks mr. Tariq. I been looking information such as this and found ur youtube. I was looking at Mcdonald business model and thinking opening at my town. May i know roughly how many percent net profit does franchisee make in a year.

@TariqJohnson 2 жыл бұрын

Hi Leonard. McDonald’s are very expensive to open. Are you prepared to make a $2million investment? To answer your question, the net profit varies from location to location, and how mature the specific location is. With that said, food franchises typically have a 10-20% net profit. That of course depends on your financing and cost of capital. I’d recommend watching this video which will answer many of your questions. kzfaq.info/get/bejne/kKxiiNylvKfak4U.html

@dbell2573 Ай бұрын

Great video. I am interested in opening an American Eagle franchise, do you have any information in regard to the clothing industry. Thank you

@KedarOlumide 8 ай бұрын

What’s the best way to raise the initial upfront money?

@emiliozavala8619 Жыл бұрын

Can you use a sba loan to start a franchise or you you need personal money ?

@hertzy2004 2 жыл бұрын

Hi! My favorite franchise is McDonald. Also my father would like to start a business by launching a Burger King near Brussels with a budget under 70.000 euros. How should he approach this? And thank you for the videos, they are very usefull and put an idea how a franchise works! New subscriber here!

@TariqJohnson 2 жыл бұрын

Has he reached out to burger king? They may have higher financial requirements.

@sko1beer 2 жыл бұрын

@@TariqJohnson I was thinking the same with that amount he can buy shares in macdonalds

@sassyd8738 2 жыл бұрын

@@sko1beer id rather do a gas station mcdonalds too much for me n they ways and burger king too ]

@sko1beer 2 жыл бұрын

@@sassyd8738 my wife’s family use to own a petrol station the profit margins on selling fuel is very small it only takes one runner and you are making nothing. You really need to sell a lot in the shop for profits it’s all about the sells in drinks and snacks👍