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If you really want to know about the evils of franchising a McDonalds, BurgerKing, etc, read 'Fast Food Nation' by Eric Schlosser. You'll shit a brick and probably never eat at one of those places again.
BTW the failure rate for fast food franchises in the first 5 years is higher than the average small business - it's just that another 'franchisee' pays the fee and takes over the site and nobody knows the difference.
Also the original Mcdonald brothers sold their last remaining stake to Ray Kroc for just under $2 million over 30 years ago. If they held onto it it would be worth over $1 billion today....
Great book.
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