TL;DR
McDonald's has extended the deadline for restaurant remodels from 2020 to 2022, allowing franchisees to adopt the Experience of the Future model at a more reasonable pace. The company will reward franchisees who complete their remodel by the original deadline with more funding.
McDonald’s has officially pushed the deadline for restaurant remodels from 2020 to 2022. According to a recent article in Nation's Restaurant News, this follows pushback that the company received from its operators that the original pace for adopting the Experience of the Future model was unreasonably quick.
However, McDonald’s will reward the franchisees who complete their remodel by the first deadline. Those who adopt the model by 2020 will have 55% of the cost covered by the brand, while those who wait will only have 40% of the funding covered. The remodel costs range from $160,000 to about $750,000.
In this story
This story was originally published in 1851 Franchise on November 29, 2018. Burnaze summarizes and links to the original reporting.
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