Quote:
Originally Posted by editeur
Macdonalds got a lot of first class property here when it was insane cheap back in the beginning of 90th. Now it is extremely expensive, so Big M has been relieved from it when time came. Pretty sure smaller branches of M in malls and driveaways will be ok. Nothing special, just business.
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That's why Ray Kroc, when asked, always denied being in the fast food business. He said he's in the real estate business and that's what makes up most of the value in Macdonalds right now. The fast food is just a way of monetizing.