That's the largest of the federal retirement funds that run a surplus. That makes the deficit smaller than what's added to the debt. For example, President Bush's stated budget deficits totaled $3.294 trillion. But he added $5.849 trillion to the debt.
The total financial cost of opening a franchise can range between $1.2 million and $2.2 million, depending on location, building size and any updates or upgrades that need to be completed. The initial franchise fee for a Burger King is $50,000, which must be paid prior to the opening date of the location. Once the restaurant opens for business, a monthly royalty fee of 4.5 percent of gross sales is required by the parent company.
To take the McDonaldâs example further, the estimated total amount of money it costs to start a McDonaldâs franchise ranges from $500,000 to $1.6 million. Franchises, by definition, have ongoing costs to the franchiser company in the form of a percentage of sales or revenue. This percentage can range from 4 â 8%. Other disadvantages include lack of territory control or creativity with your own business, as well as a notable dearth of financing options from the franchiser.