After investing over 30 years in this business I could no longer stomachthe bad behavior of corporate people and it sickened me to see operators going along. Perhaps it is due to survival for many operators...I fear in many cases it is simply greed! My integrity would not allow me to participate any more!I was very lucky to have lots of equity, almost no debt, and very marketable locations. I wish the new operators only the best of success andhope they are able to weather this latest financial crisis. My best advice to any Operator is to consider your needs first, well over the corporations. If your gut says hold off...listen to it! I saw what was on the horizon two years ago and made the decision to begin selling off my locations. It appears I may have been "just in the nick of time".
This is like making your Visa payment with your MasterCard. It's just pushing bad debt and a bad investment further down the line
Finance overpriced,nonprofitable equipment at 11% to 18% in an economic depression??? Great idea !! Are the suits at McD really THAT STUPID???
Prudent owner/operators will be slow to take on new debt for implementation of this product in the manner MCD wants it done.
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