Around half of the company’s earnings come from outside the United States, where it has 30,000 restaurants serving 50 million customers daily. A variety of other quick-service restaurants have a significant number of franchised locations in other countries. Although the beginning restaurateur should focus on making a profit in the here and now, many brilliant, enthusiastic, and energetic restaurateurs consider future opportunities abroad. If a concept has been developed, the entrepreneur can sell it to a franchiser or, with a lot of support, franchise it globally. (Building or purchasing property in a foreign country without a financially stable spouse who is familiar with the local laws and culture is foolish.)If you wish to learn more about this, visit local restaurant Montana.

The success of McDonald’s in the United States and around the world exemplifies the value of adaptability to local circumstances. The company opens units in unusual places and shuts those that don’t perform well. Menus are customised to suit local traditions while travelling. During the Indonesian crisis, for example, imported French fries were excluded from the menu and rice was substituted. Reading the biographies of big franchise winners can lead you to believe that once a franchise is created, all is smooth sailing. The maker of Domino Pizza, Thomas Monaghan, tells a different version. The chain had amassed a debt of $500 million at one point. Monaghan, a devout Catholic, said renouncing his greatest sin, pride, and rededicating his life to “God, family, and pizza” changed his life. His life had been changed by a meeting with Pope John Paul II, and he described his feelings about good and evil as “personal and abiding.” Fortunately for Mr. Monaghan, the rededication went smoothly. Domino Pizza has 7,096 locations worldwide, with annual sales of $3.78 billion. Monaghan revealed that he would donate his fortune to Catholic church causes after selling the majority of his stock in the business for a record $1 billion.


