It's funny how pretty much everyone was against the buyout of Lehman's Brothers, but now those same people will tell you that you should buy them out.
Here is an idea - why don't we all mind our own business?
inb4 this will affect us all - so did LB defaulting.
If you're strong enough to wrestle a pack of toilet paper out of a senior arms, then you are probably strong enough to survive for a while by eating out of a dumpster.
McDonald's is considering rent deferrals for franchisees
11–20 of 67 posts
Re: McDonald's is considering rent deferrals for franchisees
#12I suspect basically all commercial landlords are going to have to consider rent deferrals or outright eating 3-6 months of rent. The alternative very likely could be the majority of their properties simply becoming vacant, which isn't a good business stance for coming out of all this.
Re: McDonald's is considering rent deferrals for franchisees
#13This sort of action is what we need across the economy. Cancellation or deferral. Rent deferral, interest deferral, mortgage deferral... etc. At the individual level maybe limit it to the lower 50%-70% of income earners. Cancel interest and utility/rent/mortgage payments for lower income population. Do it for 2-3 months. The upper half will just eat into their savings some but won’t suffer like those living paycheck…
McDonald's franchisees are the upper half.
Re: McDonald's is considering rent deferrals for franchisees
#14This sort of action is what we need across the economy. Cancellation or deferral. Rent deferral, interest deferral, mortgage deferral... etc. At the individual level maybe limit it to the lower 50%-70% of income earners. Cancel interest and utility/rent/mortgage payments for lower income population. Do it for 2-3 months. The upper half will just eat into their savings some but won’t suffer like those living paycheck…
Why the divide? The middle class already pays most of the taxes and not getting the benefit as much as the lower income earner and now they are not getting help as well? If you want to make the divide why not just the really high upper income earner vs the rest of the population, since most people in middle class, though they have savings more than $15k are just regular people like you and me, with families and responsibilities.
I personally don't like it, and I think a lot of middle class won't like it. If you want to do something like this then do it like Andrew Yang, no questions asked to all.
I'm not a lower income earner, but I don't have big ticket items as well (not even a car or house).
Re: McDonald's is considering rent deferrals for franchisees
#15It's funny how pretty much everyone was against the buyout of Lehman's Brothers, but now those same people will tell you that you should buy them out. Here is an idea - why don't we all mind our own business? inb4 this will affect us all - so did LB defaulting. If you're strong enough to wrestle a pack of toilet paper out of a senior arms, then you are probably strong enough to survive for a while by eating out of a…
This is a substantially different scenario.
Re: McDonald's is considering rent deferrals for franchisees
#16This is a good move on their part (assuming they go through with it). People tend to think of restaurant owners like this as “the rich”, but if you look at the numbers there’s actually not that much profit in a single restaurant. The only ones who make good money own a bunch of them. Even then, the profit margins are pretty low, and they’re going to struggle to remain profitable.
You have to have a lot of money and a track record of success before McDonald's will consider taking you on as a franchisee. McDonald's franchisees are wealthy before they open their first restaurant.
Re: McDonald's is considering rent deferrals for franchisees
#17This sort of action is what we need across the economy. Cancellation or deferral. Rent deferral, interest deferral, mortgage deferral... etc. At the individual level maybe limit it to the lower 50%-70% of income earners. Cancel interest and utility/rent/mortgage payments for lower income population. Do it for 2-3 months. The upper half will just eat into their savings some but won’t suffer like those living paycheck…
Why the divide? The middle class already pays most of the taxes and not getting the benefit as much as the lower income earner and now they are not getting help as well? If you want to make the divide why not just the really high upper income earner vs the rest of the population, since most people in middle class, though they have savings more than $15k are just regular people like you and me, with families and respo…
The lower 70% includes pretty much the entire middle class.
Re: McDonald's is considering rent deferrals for franchisees
#18The least they can do. I was thinking of all of the strip mall style mom and pop places, and how rent and such would affect that. I cannot imagine a landlord evicting tenants any time soon, because who the hell is going to then rent the space?!
Re: McDonald's is considering rent deferrals for franchisees
#19Now would be a good time for a general rent strike until the government steps in to help small businesses
> Now would be a good time for a general rent strike until the government steps in to help small businesses
If we're talking about the US here, 'until' seems to be an optimistic presumption that our government has any intentional of helping small businesses.
Re: McDonald's is considering rent deferrals for franchisees
#20This is a good move on their part (assuming they go through with it). People tend to think of restaurant owners like this as “the rich”, but if you look at the numbers there’s actually not that much profit in a single restaurant. The only ones who make good money own a bunch of them. Even then, the profit margins are pretty low, and they’re going to struggle to remain profitable.
You have to have a lot of money and a track record of success before McDonald's will consider taking you on as a franchisee. McDonald's franchisees are wealthy before they open their first restaurant.
Because Corporate knows they are going to fuck with franchisees on occasion and they want people who can weather that kind of abuse. A SIL of mine is a district manager of one of the largest MD franchisees in the region and she has some stories about how corporate tends to make the franchises pay for their mistakes. It's usually forcing the stores to take more food than they could possibly sell, but sometimes includes things like buying equipment for menu offerings that they never see a positive ROI on and is later discontinued.
You can absolutely make money running an Mickey Ds, but you have to run a very tight ship to do it.