thranx said:
Zappykins said:
thranx said:
Zappykins said:
Ok, have you ask you, what is McDonalds primary business?
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Not sure what you mean. Their primary goal (as is any company) is to make a profit, they plan on doing this by selling food.
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Their primary business is real estate. The sale of food is lower down the line of importance.
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Yes Mc Donald Corp gets its money through rent/franchise fees, they only rent to MC D operators though, who get their income from the sale of food. should the food fail, so will the real estate, as who will pay marked up fees to rent a building that doesn't serve hundreds of people a day. Their real estate is reliant on the food. With out their food, there is no reason for them to buy/lease land, build a building, and rent it. If real estte was more important to them, they would of branched out more in that area, instead of using it as means to keep a tight control on their franchises (and thus their food).
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I'm not going to argue with you, but suggest you read about Ray Kroc and his vision for the company. There are one of the largest real estate owners in the world. At times even challenging the Roman Catholic Church in value holdings.
Food is and has always been secondary if not lower.
Here is a place to start: http://money.howstuffworks.com/mcdonalds2.htm
Kinda like what is Sony's main business? That's right, insurance.
