Question

Have you considered the cash requirement to get into the fast food business? In my opinion they are very expensive and take away any creativity that you might have. However having said that I know of a family that owns 5 McDonalds stores in Las Vegas. And they have done very very well. Been some head aches?

Answer 1

Starting a fast food business can be expensive, but it can also be profitable. Challenges and headaches can arise, but success is possible with proper management.

Step-by-step explanation:

Starting a fast food business can require a significant amount of cash. The exact amount depends on factors such as location, size of the establishment, equipment costs, and more. For example, opening a franchise like McDonald's can cost between $1 million to $2.3 million per store, including the franchise fee, building construction, and equipment.

While the initial investment can be high, successful fast food businesses can generate significant profits. The family that owns 5 McDonald's stores in Las Vegas is an example of this. However, running a fast food business also comes with its challenges and headaches, such as managing staffing, maintaining quality, and dealing with competition.

Overall, the decision to start a fast food business should consider both the financial requirements and the potential for success in the industry.