Owning fast food restaurants can be pretty lucrative, but to get into the game, you're going to need some pretty substantial preexisting wealth.
How substantial? Well, every single major fast-food chain listed below requires you to be a millionaire to even franchise it. Wendy’s in particular requires $2 million in liquid assets to even be considered for a franchise.
One happy exception? Chick-fil-A, which requires no startup costs. But don’t get too excited, because the chicken giant takes a bigger bite out of gross sales than anyone else mentioned here.
Before moving forward with franchising a major fast-food chain, it’s important to not only understand the start-up costs but what percentages and royalty fees you will be paying ongoing.
Rather than scouring the interwebs to find out, we made an easily-accessible list that includes the following:
There’s a corresponding link to each franchise site to make it easy to apply -- after you pick your jaw up off the floor, that is.
Total startup costs: $1.9 million to $3.3 million
Total startup costs: None
Note: While not across the board, Chick-fil-A tends to stick to a one-location-per franchisee rule, which can limit overall profit margins.
Total startup costs: $1,600,000 to $2,120,000
Total startup costs: $1.4 million to $2.8 million
Total startup costs: $1 million to $2.2 million
Additional fees: According to Business Insider, franchisees must also pay a percentage of monthly sales to account for rent.
Total startup costs: $1.24 million to $3.53 million
Total startup costs: $570,000 to $3 million
Total startup costs: $2 million to $3.7 million
Additional fees: A $5,000 application fee, which is higher than many others on this list.