Wanna Open a Franchise? Here’s What It Will Cost You
If you've ever dreamed of opening you very own franchise business, someone has put together what it cost a person to open maybe a McDonald's or a Subway and many more.
Some of the money you'd need up front almost seems like it might be doable. The catch is you need to have a quite substantial net worth. The reason for that is these places want you prepared for rough patches. The last thing they want is for one of their franchises to have to close do to lack of funds.
Here are some examples of what it would cost you to open a popular franchise.
A McDonald's will cost you about 40% of the startup plus you must have a net worth of $500 thousand.
For an Arby's you need at least $315,000 to get started plus have a net worth of $1 million
Taco Bell would set you back $45,000 up front and you'd need a net worth of $1.5 million.
KFC requires a $20,000 down payment and a net worth of $1.5 million
Burger King only requires as low as $15,000 up front but you need a net worth of $3 million
Subway seems the most reasonable. Anywhere from $140-$340,000 but no net worth requirements
Wendy's would be a tough one with at least $2 million up front and a net worth of $5 million
All of these are a bit too rich for my blood so I guess I'll continue my personal voyage as a working stiff.
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