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Across the country, franchisees are quietly filing for bankruptcy, defaulting on loans, and walking away. Rising costs, margin compression, and overleveraged operators who can't service their debt. This is the crisis nobody's talking about.
McDonald's doesn't make money selling Big Macs. It makes money leasing land to franchisees. Ground leases, NNN deals, sale-leasebacks - the real money in QSR is real estate, not burgers.
AUV, four-wall EBITDA, payback period, sales-to-investment ratio - these are the metrics that separate winning QSR concepts from value traps. Here's how to read the numbers that actually matter.