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What Is the Lifestyle of a Fast-Food Franchise Owner?
The average day of a fast-food franchisee usually entails plenty of decision-making, multitasking and project management. But the benefit is that they’re in control of exactly how they plan their day.
The fast-food industry is the most popular sector for self-employment and opening franchise branches of well-known brands. The market size of the fast-food industry is $278.6 billion in 2021.
A day in the life of a fast-food franchisee doesn’t just entail handling finances and balancing the books. Fast-food franchise owners are jacks-of-all-trades, and they familiarize themselves with each job so they can properly manage their restaurant locations. An important part of the job is training staff to form a competent team that can run the fast-food restaurant on the franchise owner’s behalf and to the franchise brand’s standards.
But most fast-food franchise owners report that they love how no two workdays are ever the same. Because they have reliable staff members, fast-food franchise owners can enjoy the added bonus of increased flexibility and work/life balance. Their work hours may be the standard 9 a.m. to 5 p.m., or they may work more than eight hours a day if they are multi-unit operators.
Fast-food franchise owners’ salaries vary widely, as each franchisor has different royalty fees, initial investment fees and other requirements. A McDonald’s franchise, for example, costs between $1.3 million and $2.3 million to open, and in 2021, net sales rose 57% to $5.89 billion.
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