McDonald’s is a worldwide chain of fast food restaurants. To own a McDonald’s franchise, you must first be approved by the McDonald’s Corporation. The McDonald’s Corporation has strict standards for franchise ownership, which must be met before a person can purchase a franchise. The standards include a minimum net worth of two million dollars, two years of business experience, and a valid business license from the local municipality.
Once a person is approved and has met the requirements, they must then purchase a franchise from the McDonald’s Corporation. McDonald’s Corporation currently has over 7,000 franchises spread across the globe.