7 ms·

Same money running a fast food joint? You're underpaid bro or you know some crazy overpaid fast food managers. People from science based fields are coming to co

Same money running a fast food joint? You're underpaid bro or you know some crazy overpaid fast food managers. People from science based fields are coming to computer science because those other fields lack job opportunities at competitive pay.

eyegor 7y ago
I assuming running = owning, not managing. Subtle maybe in practice but not in revenue.
godot 7y ago
I believe OP means running a fast food joint as the owner, not a manager employee. Granted I don't know anything about that business, a quick google search comes up with an article from 2015 saying running a McDonald's provides an average annual profit of $150k so it sounds about in the right ballpark range: https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-profit.html https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-prof...
fingerlocks 7y ago
McDonald’s franchise owners make $500k to $1 million a year, in average. That’s profit, not revenue. My source is from the McDonald’s franchise disclosure documents. The money blog mentioned in sibling comments claim it’s less.
- defen 7y ago
  According to this random quora link: https://www.quora.com/How-much-does-McDonalds-make-in-a-day https://www.quora.com/How-much-does-McDonalds-make-in-a-day the average McDonald's unit in the USA has $2,670,320 in annual sales. 25% - 40% profit margin sounds really high for a restaurant, but I don't know enough about the industry to dispute it. Are you sure those numbers were presented as averages and not the high end of what you could make? Or does the typical owner have multiple locations?
  - fingerlocks 7y ago
    My source was this pdf: https://www.bluemaumau.org/sites/default/files/MCD%202013%20FDD.pdf https://www.bluemaumau.org/sites/default/files/MCD%202013%20... Very possible I skimmed and may have read it incorrectly, accounting is not my thing. As I have now reached the maximum amount of effort I'm willing to put into a forum comment, I'm not going to dig any further. But if you can tease out better information, I'd be curious to know.
    - owyn 7y ago
      From the document... Across ~12,000 locations they put the majority of restaurants in a range but they do have the numbers pretty well crunched. Average profit margin 26-28% Average gross sales 2.2 - 2.6M Average operating income before rent/tax: 570k - 716k "The rent paid to McDonald’s will vary based upon sales and McDonald’s investment in land, site improvements, and building costs." It looks like that rent paid to McD's home planet is somewhere in the neighborhood of 10% of that investment (yearly? I guess?) but it seems to average about 100k-150k.
      - fingerlocks 7y ago
        Good, this was my takeaway as well. My range was loosely rounded since 716k was something like the 85th percentile.

eyegor 7y ago

I assuming running = owning, not managing. Subtle maybe in practice but not in revenue.

godot 7y ago

I believe OP means running a fast food joint as the owner, not a manager employee. Granted I don't know anything about that business, a quick google search comes up with an article from 2015 saying running a McDonald's provides an average annual profit of $150k so it sounds about in the right ballpark range: https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-profit.html https://www.mymoneyblog.com/mcdonalds-franchise-cost-vs-prof...

fingerlocks 7y ago

McDonald’s franchise owners make $500k to $1 million a year, in average. That’s profit, not revenue. My source is from the McDonald’s franchise disclosure documents. The money blog mentioned in sibling comments claim it’s less.

defen 7y ago
According to this random quora link: https://www.quora.com/How-much-does-McDonalds-make-in-a-day https://www.quora.com/How-much-does-McDonalds-make-in-a-day the average McDonald's unit in the USA has $2,670,320 in annual sales. 25% - 40% profit margin sounds really high for a restaurant, but I don't know enough about the industry to dispute it. Are you sure those numbers were presented as averages and not the high end of what you could make? Or does the typical owner have multiple locations?
- fingerlocks 7y ago
  My source was this pdf: https://www.bluemaumau.org/sites/default/files/MCD%202013%20FDD.pdf https://www.bluemaumau.org/sites/default/files/MCD%202013%20... Very possible I skimmed and may have read it incorrectly, accounting is not my thing. As I have now reached the maximum amount of effort I'm willing to put into a forum comment, I'm not going to dig any further. But if you can tease out better information, I'd be curious to know.
  - owyn 7y ago
    From the document... Across ~12,000 locations they put the majority of restaurants in a range but they do have the numbers pretty well crunched. Average profit margin 26-28% Average gross sales 2.2 - 2.6M Average operating income before rent/tax: 570k - 716k "The rent paid to McDonald’s will vary based upon sales and McDonald’s investment in land, site improvements, and building costs." It looks like that rent paid to McD's home planet is somewhere in the neighborhood of 10% of that investment (yearly? I guess?) but it seems to average about 100k-150k.
    - fingerlocks 7y ago
      Good, this was my takeaway as well. My range was loosely rounded since 716k was something like the 85th percentile.