Lucrative Fast-Food

Driving throughout the valley or anywhere across the country it is impossible to miss the big yellow arches of McDonald’s and the neon HOT NOW sign of Krispy Kreme Doughnuts. Most of us recognize McDonald’s and other popular fast-food brands; however, popularity and brand recognition among fast-food doesn’t mean those are the most profitable. The most important number when buying a franchise is the company’s annual earnings.

According to Carol Tice of Forbes magazine, the best opportunities for a restaurant owner to earn the most revenue is to own a single store. So now you ask “Who is the number one restaurant chain in per-store sales?” Well, it is NOT McDonald’s. According to QSR Magazine and industry research, Chick-fil-A grosses an average of $3.1 million a year, while McDonald’s is a close second with $2.6 million in sales per store per year.

Although these figures are a dream for most locally owned restaurants, the issues and potential headaches of owning a franchise or a small business does not change. Our firm has several attorneys who are experienced in drafting, reviewing and negotiating business agreements and in particular franchise agreement and franchise disclosure statements.  Every business owner should have an attorney to assist with all business and employment matters. Part of being a successful business owner is avoiding and anticipating legal problems and taking action to proactively avoid them.  If you or someone you know is looking to form a company or needs assistance with any business related issues, please do not hesitate to contact Hymson Goldstein & Pantiliat, PLLC. After all, Our Business is Your Peace of Mind ®.

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