Costs of Opening 10 Popular Fast Food Franchises
After looking through the list I have concluded that I need to marry rich so I can finally own my own Taco Bell. I can understand why you need so much money upfront, what blows my mind is how much your net worth has to be to even apply for some of these franchises. Check out the crazy list below.
Chick-fil-A. The down payment is only $10,000. Nothing is said about the net worth, but they're very selective, and want owners who are "hands-on."
Burger King. As low as $15,000. Your net worth has to be at least $3 million.
KFC. A $20,000 down payment, and a $1.5 million net worth.
McDonald's. 40% of the initial costs if it's a new location, or 25% if it's an existing location. So a LOT of money. A net worth of at least 500,000.
Taco Bell. $45,000 upfront, plus a net worth of $1.5 million.
Sonic. $45,000 and $1 million in assets.
Subway. Anywhere from $140,000 to $340,000. With no net worth requirements.
7-Eleven. The average price to get started is about $200,000.
Arby's. $315,000 to get started. Plus a net worth of $1 million.
Wendy's. $2 million upfront, plus a $5 million net worth.