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SUBJECT DOSSIER · FDD 2024

McDonald's Franchise

Cost, fees, owner earnings, closure rate and litigation for a McDonald's franchise — pulled from the franchisor's own public FDD (2024), not its sales material.

Quick Service Restaurants · disclosure-honesty grade · from public state filings

Disclosure honesty

B
Transparency 4 / 5

McDonald's discloses earnings (Item 19) — but the grade is how honestly. We graded it B.

Outlets13,457
Disclosed lawsuits32
Closure signals13 ceased
Investment
$522,500–$2,642,000
Total fees
8.5% of sales
Outlets
13,457
Closure signals
13 ceased, 128 terminated
Lawsuits
32
◢ FINDINGS
ITEM 20
13 outlets ceased operations
2023: 128 terminations, 73 non-renewals, 33 reacquired by franchisor from 12,764 franchised outlets.
ITEM 03
32 legal matters disclosed
Litigation in Item 3 signals how the franchisor treats its franchisees.

What their own earnings claim actually says

Sales data for 12,605 domestic traditional restaurants (79% exceed $3M annually). Average sales $4.0M; median $3.84M. Pro forma statements at $3.0M, $3.2M, $3.4M sales levels provided.

What a McDonald's franchise actually costs to run

FeeDisclosedWhere it comes from
Initial franchise fee$45,000Item 5 — paid up front, before you open
Royalty4.5% of gross salesItem 6 — charged on revenue, not profit
Advertising fund4% of gross salesItem 6 — brand marketing, spent at the franchisor's discretion
Total recurring fees8.5% of gross salesBefore rent, labor, food or debt service
Total initial investment$522,500 – $2,642,000Item 7 — franchisor's own low/high estimate

Royalty: 5% new/acquired restaurants; 4% existing. Rent: complex percentage-based structure on McDonald's investment. Multiple technology fees ($632-$2,303 annually).

Royalty and ad-fund percentages are charged on gross sales — an owner pays them whether or not the location is profitable.

McDonald's system size and owner turnover

Total outlets13,457
Ceased operations13
Terminated by franchisor128
Transferred to new owners672
Closure rate0.1% of outlets

2023: 128 terminations, 73 non-renewals, 33 reacquired by franchisor from 12,764 franchised outlets.

From Item 20 of the FDD 2024. Terminations and ceased operations are the franchisor's own count of owners who stopped — the number the sales pitch leaves out.

Is McDonald's worth it? — how it compares to 164 similar franchises

Ongoing fees8.5% of salessteeper than 64% of quick service restaurants franchises
Startup costfrom $522,500about average (median $481,500)
Disclosure honestyGrade Bmore honest than 85% of quick service restaurants franchises
Closure rate0.1% of outletsbetter than most (median 1.3%)
Disclosed lawsuits32more litigious than 99% of peers

Benchmarked against every quick service restaurants franchise we've graded from public FDDs — the context the franchisor's pitch never gives you.

◤ CLASSIFIED · ITEM 19 RECONSTRUCTED

Owner take-home for a McDonald's

The franchisor's framing: Sales data for 12,605 domestic traditional restaurants (79% exceed $3M annually). Average … We reconstruct what an owner actually keeps, from their own FDD.

LOW
MEDIAN
HIGH

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McDonald's franchise — frequently asked

How much does a McDonald's franchise cost?
The FDD lists a total initial investment of about $522,500–$2,642,000, including a $45,000 initial franchise fee.
How much do McDonald's franchise owners make?
Sales data for 12,605 domestic traditional restaurants (79% exceed $3M annually). Average sales $4.0M; median $3.84M. Pro forma statements at $3.0M, $3.2M, $3.4M sales levels provided. We grade this disclosure B for honesty.
What are the McDonald's franchise fees?
McDonald's FDD discloses a $45,000 initial franchise fee, a 4.5% royalty on gross sales, a 4% advertising-fund contribution, for roughly 8.5% of gross sales in recurring fees before rent, labor, or debt service. Royalty: 5% new/acquired restaurants; 4% existing. Rent: complex percentage-based structure on McDonald's investment. Multiple technology fees ($632-$2,303 annually).
What is the McDonald's franchise profit margin?
McDonald's does not publish a franchisee net-profit margin — almost no franchisor does. What Item 19 actually shows: Sales data for 12,605 domestic traditional restaurants (79% exceed $3M annually). Average sales $4.0M; median $3.84M. Pro forma statements at $3.0M, $3.2M, $3.4M sales levels provided. Recurring fees alone take about 8.5% of gross sales, before rent, labor, food or debt service. Margin has to be reconstructed from the disclosure, not read off it.
What is the McDonald's franchise failure rate?
2023: 128 terminations, 73 non-renewals, 33 reacquired by franchisor from 12,764 franchised outlets.
How many McDonald's locations are there?
McDonald's FDD reports 13,457 total outlets, with 13 that ceased operations in the most recent reporting year and 672 transferred to new owners. Item 20 is where system health shows up before the marketing does.
Does McDonald's have complaints or lawsuits?
McDonald's discloses 32 legal matters in Item 3 of its FDD. Item 3 covers the franchisor's litigation history, which is the closest thing to a public record of how it treats franchisees — read the case descriptions, not just the count.
Is a McDonald's franchise worth it?
It depends on the numbers, not the pitch. McDonald's scores B on disclosure honesty, carries about 8.5% of sales in ongoing fees, and discloses 32 legal matters. Get the real owner take-home before you sign.

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Source: MN CARDS 32701-202412-04 (Clean FDD 2024). FranchiseValidate is independent and not affiliated with McDonald's or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.