February 28, 2011

Rewriting History for a McDonald's Operator




The franchise owner testified he would never have made the purchase of the Marin county stores if he was buying them for a five- year, or less, term. “I believed - I trusted McDonald’s to do the right thing,” he declared.


Rewriting History (Franchise Times Magazine: March, 2011)


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February 14, 2011

Three Little Words


Ronald Reagan said, "The nine most terrifying words in the English language
are: 'I'm from the government and I'm here to help."

But the three words that should terrify McDonald's Operators are "Long-Term
Equity".

There is no such thing as "Long-Term Equity", it's imaginary and when used
by McDonald's corporate types it's duplicitous. We only know two things about
the long term:

A) Remodel and rebuild requirements will continue to grow in expense and
frequency.

B) Every store will be scraped and rebuilt every twenty years.

Spending today's equity on McDonald's controlled real estate will not build
"Long-Term Equity".

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February 12, 2011

A Bit of Heartburn History

Veteran McDonald's Operators will remember this groundbreaking article on the
front page of the in The Wall Street Journal in 1996.

On Robert Zarco's website

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February 9, 2011

How Great Entrepreneurs Think

How Great Entrepreneurs Think

Not all franchisees are entrepreneurs but for those who are - this is why they don't understand the bureaucrats who run the parent company.

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