Real estate, specialized expertise, expensive repairs. It adds up! I also suspect monthly insurance is insane.
10 million is not even a lot - a typical McDonalds can cost over a million dollars a year to operate.
A typical McDonald’s costs over $1M — just in salaries.
Here are the 2023 numbers.
https://www.franchisechatter.com/2023/09/25/fdd-talk-mcdonal...
a typical McD generates a tad more revenue though...
And a tad more risk
I don't get how it could cost 10 million / year