McDonald’s DOESN’T sell burgers 🍔❌🤔
Summary
Michael Chang highlights that McDonald's generates $23 billion in revenue from real estate and owns $42 billion of land, making them the 5th largest landlord in the world. This is because 85% of their locations are run by franchisees who pay rent to McDonald's, proving that everything comes back to real estate.
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Curated by Learn STR by GoStudioM