Assaf Rappaport Set to Acquire McDonald's Israel Franchise
Translated & summarized from Haaretz by baba
High-tech entrepreneur Assaf Rappaport is expected to win the franchise for McDonald's 230 branches in Israel. The deal is nearing finalization, though not yet signed. McDonald's Israel reported annual revenues of 1.8 billion shekels recently. Rappaport also recently acquired ownership of Channel 13.
The story in 5 lines · by baba
- Assaf Rappaport is expected to win the tender for McDonald's 230 branches in Israel.
- The deal is not yet officially signed but is anticipated to be finalized soon.
- McDonald's Israel generates annual revenues of approximately 1.8 billion shekels.
- The local franchisee's profit margin has been around 10% of turnover.
- Assaf Rappaport is a high-tech entrepreneur and the new owner of Channel 13.
High-tech entrepreneur and recent owner of Channel 13, Assaf Rappaport, has reportedly emerged as the winner of the tender to operate McDonald's 230 branches in Israel. The deal is not yet finalized but is expected to be signed soon, according to sources. In recent years, McDonald's Israel has generated annual revenues of approximately 1.8 billion shekels, with the local franchisee's profit margin hovering around 10% of turnover.
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