McDonalds It is one of the largest fast food restaurant franchises in the world. Currently, it has more than 26,000 restaurants in more than 100 countries in which a total of more than 90 thousand employees work. Spain is one of the countries where the company has quite a few stores, more than 600, and now it expects open about 200 more restaurants, according to its expansion plans.
The objective of the American company is reach 800 stores in our country by 2028. In this way, the president of McDonalds Spain has confirmed them, Luis Quintiliano, during the presentation of its annual impact report. Within 4 years, they hope that the chain double your pace of openings to reach the goal of 800 stores.
Throughout this year, McDonalds will inaugurate some 30 restaurants throughout the territory, which together with those already open in 2023 add up to 70 in two years. From the company they point out that they did not expect this rapid pace, with which the creation of more than 10,000 new jobs. Our company has been in Spain for more than four decades practicing a business that brings value to our country together with our franchisees, suppliers, employees and consumersQuintiliano said in the presentation of the report.
Investment in Spain
To continue effectively executing this expansion plan, the chain will maintain the franchise business model. In Spain, 95% of the more than 600 restaurants that McDonalds has in the country are in the hands of 120 franchisees. So that McDonalds buys the stores and makes them available to franchisees of the network who want to manage more premises and are prepared to do so.
The initial investment to buy equipment and everything the restaurant needs involves a few 900,000 euros, and a minimum of 350,000 of own funds must be contributed and the rest financed. The remaining 5% that it manages directly is reserved for emblematic premises or to test innovations that will later reach the franchised restaurants.
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