Wednesday March 18, 1:11 pm Eastern Time
McDonald's sets new system financing plan
CHICAGO, March 18 (Reuters) - McDonald's Corp. said Wednesday it announced to its restaurant franchisees a financing plan to help pay for the implementation of a new kitchen production system unveiled this week.
A spokeswoman for McDonald's said the company will make a match of 50 percent, up to $12,500 per store, to install the new system, called Made For You. She said the company believes that implementing the plan will cost an average of $25,000 per store.
In addition, McDonald's will give its restaurant owner/operators an equipment buy-back guarantee. If the company makes a significant change in the operating system in the next five years, it will repurchase the equipment at the original cost, the spokeswoman said.
''This virtually eliminates all risk for the owner/operators,'' McDonald's spokeswoman Julie Cleary said.
Oak Brook, Illinois-based McDonald's officially unveiled the system, which promises ''hotter, fresher, faster'' food, to its franchisees at its bi-annual franchisees' meeting this week in Orlando, Florida. With the new kitchen and counter system, sandwiches are made on a per-order basis instead of prepared ahead and stored in heated bins in anticipation of diners.
More at: biz.yahoo.com
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