Franchise Premise | Franchise Note

Franchise Unit Location: Buy or Lease?

November 2nd, 2009 |

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Here is the question that your answer can make or break your entrepreneurial career: To buy or to lease business premise.

Leased property

Many people misunderstood McDonald’s business model. Many thought that McDonald’s is successful because it makes the best burgers.

Not entirely true (to me, Burger King’s burgers are the best of all – LOL. McDonald’s? Theirs are simply… um… bland.)

Many people can claim that they make better burgers than McDonald’s. They can be successful with their superior burger recipes. Unfortunately, most of them are missing one major key ‘ingredient’ – An ‘ingredient’ that makes McDonald’s not only…