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McDonald’s Next Gen Candidates: How to Budget for Growth

Posted by Anthony Buss on Wed, Nov 16, 2016

For any business to be successful – McDonald’s or other  – a business plan and budget should be developed and then executed.

This is especially true for McDonald’s Next Gen candidates. Knowing how much restaurant you can afford and how much cash you will need to live on is critical.

When business owners live beyond their means, it can limit the opportunities they have to create wealth and pass on a legacy to their children. You must take the time to understand your needs, both personally and professionally as you dive into business ownership.

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Topics: McDonald's management, McDonald's Next Gen

The Next Gen Transition: How McDonald’s Franchisees Can Save Taxes and Maintain Cash Flow

Posted by Steve Bickert on Tue, Nov 8, 2016

When McDonald’s Owner/Operators consider retirement – especially if there is a Next Gen involved – it is advantageous to begin the process as early as possible.

The longer the time frame, the more options you have. Selling or gifting the entire business all in one year can result in unnecessary tax implications. If you have the ability to transfer over the course of time, you are provided with many more options.

We’ve been advising McDonald’s Owner/Operators on Next Gen transitions for decades, and have well-tested strategies to make the transition as easy – and as profitable – as possible.

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Topics: McDonald's management, McDonald's Next Gen

McDonald's Next Gen Transition - Tips from the Heriaud Family

Posted by Laura Gaythwaite on Thu, Jun 2, 2016

Timing is everything  such was the case with Lee and Travis Heriaud, McDonald’s father-and-son Owner/Operators located in the Phoenix, Arizona area.

Although he was the son of an Owner/Operator, Travis had to complete the rigorous approval process set out by McDonald’s to become an approved franchisee while gleaning the insight that taking over your parents' business is different from working for traditional restaurant groups or starting your own organization from scratch.

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Topics: McDonald's management, McDonald's Next Gen

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