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Business, Economics, and Taxes: Eat Cereal for Dinner

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  • Originally posted by SJHovey View Post
    One thing I've always wondered about McDonald's is this. Are the prices the same everywhere in the country? Does a McDonald's hamburger in Grand Forks cost the same as one in San Francisco?
    No... Market and location specifics can determine prices. I'm sure McD Corporate probably has price floor/ceiling limits in place, but they probably have a wide margin on those. Basically don't expect "Dollar Menu" items at a McD's on the Vegas Strip, in Times Square, or in an airport.

    Edit: Here's some info for prices, both around the world and in the USA
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    • Originally posted by aparch View Post

      No. Franchisees have the ability to change their pricing. So the downtown San Francisco location can charge a higher price than the Fargo McDonalds, but both are less than the Illinois Tollway McDonald's location.

      That's why all corporate advertisements specifically state " * Participating locations only," "* Prices may vary," or other legal language. Franchisees can even charge different prices across their own portfolio of stores.


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      Best sign by a visting Seawolf fan Friday went to a young man who held up a piece of white poster board that read: "YOU CAN'T SPELL FAILURE WITHOUT UAF."

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      • Originally posted by Handyman View Post
        It's easy for stuff to be cheap when you don't pay an honest wage...
        Sarcasm? If they gave every worker a $5/hour raise it would hardly put a dent in their margins.

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        • Originally posted by RaceBoarder View Post

          No, I get that.

          What ticks me off is that after increasing wages, companies still feel they are entitled to continue to have 5-10%+ increased in profit after absorbing the wage hits or whatever else hurts the bottom line. That's the root of all this. Can't be content making $1B in profits for a hot second. That number must be in a perpetual climb.
          Gotta pay those sweet sweet dividends and buy back stock!

          Ya know that stuff didn't become en vogue until the 1980s...care to venture a guess why? ;^)
          "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
          -aparch

          "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
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          • Originally posted by SJHovey View Post

            That has to be the corporation, which owns very few of the restaurants. They're just generating their revenue off of franchise fees, training fees, marketing fees, etc...

            I can't believe individual franchise owners are clearing 30%, primarily because no chance the corporate office would let them do that without trying to steal some of it for themselves.
            I believe I saw a documentary or something where franchisees almost always barely break even unless they own like 10+ restaurants. The terms the McDonalds Corporation puts into contracts are killer on top of owning the land and such. There is almost no margin and they are very good at hiding how bad the profit margins and terms are. They also prey on people who have minute understanding of how the economics work especially immigrants.
            "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
            -aparch

            "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
            -INCH

            Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
            -ScoobyDoo 12/17/2007

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            • Originally posted by Slap Shot View Post

              Sarcasm? If they gave every worker a $5/hour raise it would hardly put a dent in their margins.
              Did you actually read the comment?

              It wasn't sarcasm, it was a statement. He was lamenting the prices back in the day, well back in the day things were cheaper because they underpaid people to make it. Pretty straightforward.

              Of course they could pay better and still keep prices cheap but that is not the point I was making.
              "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
              -aparch

              "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
              -INCH

              Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
              -ScoobyDoo 12/17/2007

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              • Originally posted by Handyman View Post
                Ya know that stuff didn't become en vogue until the 1980s...care to venture a guess why? ;^)
                Reagan. The answer is always Ronald Reagan. Every statistic, chart, comparison, everything deviates starting in 1981.
                “Demolish the bridges behind you… then there is no choice but to build again.”

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                • Originally posted by Handyman View Post
                  I believe I saw a documentary or something where franchisees almost always barely break even unless they own like 10+ restaurants. The terms the McDonalds Corporation puts into contracts are killer on top of owning the land and such. There is almost no margin and they are very good at hiding how bad the profit margins and terms are. They also prey on people who have minute understanding of how the economics work especially immigrants.
                  Well yes, that was the natural progression after the supply of clean-cut white couples Kroc originally marketed franchises to dried up.

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                  • Originally posted by Handyman View Post

                    Did you actually read the comment?

                    It wasn't sarcasm, it was a statement. He was lamenting the prices back in the day, well back in the day things were cheaper because they underpaid people to make it. Pretty straightforward.

                    Of course they could pay better and still keep prices cheap but that is not the point I was making.
                    Yes I read it. They're still severely under paying and yet their margins have never been better. The increase in prices has very little to do with any marginal increases in pay at least so far as their bottom line is concerned. It's just an excuse to gouge consumers. Pretty straightforward.
                    Last edited by Slap Shot; 05-03-2024, 04:27 PM.

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                    • Scott Sheffield, founder of Pioneer Natural Resources will not have a seat on the ExxonMobil board once the buyout is completed because the FTC has accused him of collusion with other US oil producers AND OPEC producing countries in keeping production down to raise gas prices and maximize profits during the Biden administration.

                      https://www.tiktok.com/t/ZTLQQG29L/
                      “Demolish the bridges behind you… then there is no choice but to build again.”

                      Live Radio from 100.3

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                      • Originally posted by FadeToBlack&Gold View Post
                        The McDonalds Corporation is ultimately a real estate holdings and brand licensing company. As of 2017, 70% of the restaurant buildings and 45% of the underlying land were wholly owned by the company, and leased back to their franchisees, along with the brand rights. This system has made McDonalds one of the most expensive franchised restaurants to operate, typically requiring $750k-$1m in liquid startup capital, and a total investment of $1-2m just to open a single new franchise. For comparison, you can usually open a Subway or a Jersey Mike's for about $250k.
                        I think DQ was the only one higher.
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                        • Originally posted by FadeToBlack&Gold View Post
                          The McDonalds Corporation is ultimately a real estate holdings and brand licensing company. As of 2017, 70% of the restaurant buildings and 45% of the underlying land were wholly owned by the company, and leased back to their franchisees, along with the brand rights. This system has made McDonalds one of the most expensive franchised restaurants to operate, typically requiring $750k-$1m in liquid startup capital, and a total investment of $1-2m just to open a single new franchise. For comparison, you can usually open a Subway or a Jersey Mike's for about $250k.
                          It's basically a machine to squeeze the franchisees, who become their captives.
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                          • Originally posted by Slap Shot View Post

                            Yes I read it. They're still severely under paying and yet their margins have never been better. The increase in prices has very little to do with any marginal increases in pay at least so far as their bottom line is concerned. It's just an excuse to gouge consumers. Pretty straightforward.
                            Right...and? Did you somehow read what I posted and think I was saying otherwise?
                            "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                            -aparch

                            "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                            -INCH

                            Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                            -ScoobyDoo 12/17/2007

                            Comment


                            • Originally posted by aparch View Post

                              Reagan. The answer is always Ronald Reagan. Every statistic, chart, comparison, everything deviates starting in 1981.
                              Yup. In fact I believe I read the way things are being done now was illegal up until then. Regan deregulated it to the point that it almost destroyed the economy in the 80s and we never fixed it.
                              "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                              -aparch

                              "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                              -INCH

                              Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                              -ScoobyDoo 12/17/2007

                              Comment


                              • Originally posted by Handyman View Post

                                Right...and? Did you somehow read what I posted and think I was saying otherwise?
                                Yes. Here is what I quoted:

                                It's easy for stuff to be cheap when you don't pay an honest wage...
                                The food is no longer cheap and yet they're still not paying an honest wage. It was cheap before because they didn't think they could charge more. Again their margins have never been better and yet they've raised their prices not because of raised wages. Maybe you think you're making a point but it's poorly worded if so.

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