Booming chain - Mcdonald's owner shares success story

Echo: Booming chain - Mcdonald's owner shares success story Booming chain - Mcdonald's owner shares success story

STARTING off at the bottom of the job rung and going on to become the owner of four McDonald’s restaurants is quite an achievement.

Peter Tassell, 53, started working at the fast-food chain at the age of 18, in 1980.

He began as a part-time worker while studying for his A-levels in Romford and he didn’t think at the time that his entire career would end up revolving around McDonald’s.

Peter, who lives in Leigh, said: “I started off as a crew member while I was studying at college.

“When I finished my education, I stayed on and progressed from one post to the next, until I became part of management.

Then in 2002 I took over three McDonald’s restaurants.”

Mr Tassell, who moved to Southend from East London in 1985, said he always knew he wanted his own business, but was just never sure what type of work he would get into.

He said: “When I started working for the company 35 years ago, it was actually quite a small chain.

“I just knew I wanted my own business and working for a company for 20 years in various roles prepared me for becoming a franchisee.

“It’s a brilliant company which really allows its staff to progress from the lowest to the highest.”

Mr Tassell became the franchisee of three McDonald’s restaurants, at Rayleigh Weir, Canvey, and Hadleigh in 2002.

He added to his portfolio in 2003 with a McDonald’s in Pitsea. The hard-working West Ham fan spends most of his time managing all four of his restaurants on site and says his work varies from day to day.

According to him, McDonald’s offers necessary support to all staff who hope to progress within the company.

He said: “About 50 per cent of the people that started working in this Rayleigh Weir chain started here as their first job.

“They start of as an employee and they’re able to progress very quickly. We offer them that support. We are quite a big employer in the area, with 280 staff, and they have that chance to progress with us.”

Three of Mr Tassell’s senior colleagues started off as crew members as well.

Sam Reid, 40, is now senior training manager, Charlotte Dale, 35, is HR manager and Paul Reid, 42, is operations consultant – and has worked in the company for 23 years.

Mrs Reid said: “I love my job – I wouldn’t change it for anything.

I started off as a crew member and worked my way up.”

Mr Tassell is now hoping to inspire many more youngsters to follow in the same footsteps through the McDonald’s Apprenticeship Scheme.

This is open to anyone under the age of 18 who is not in education and allows youngsters to learn about all areas of the business.

The qualification is equivalent to five GCSEs and can also lead to promotions within the company.

As well as training staff and devoting his time to the staff, Mr Tassell is also quite the community man.

His business sponsors various football teams in and around Castle Point, works with the Salvation Army to help reintroduce people back into the workforce and he is even a governor at West Leigh Junior School, in Ronald Hill Grove.

He said: “We love working with the community and we try to support financially where we can.”

Comments (13)

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1:27pm Tue 24 Jun 14

supermadmax says...

The key is in the title 'shares'.

If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant.

In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down.

Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK.

If you want a dabble in the market you could do a lot worse than Mcdonalds.
The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds. supermadmax
  • Score: 3

1:49pm Tue 24 Jun 14

The Macduffian says...

Luckily up here 40 miles to the nearest one, 50 miles to a KFC, so deep fried mars and a Haggis pie is the order of the day
Luckily up here 40 miles to the nearest one, 50 miles to a KFC, so deep fried mars and a Haggis pie is the order of the day The Macduffian
  • Score: 0

1:58pm Tue 24 Jun 14

shoess3 says...

supermadmax wrote:
The key is in the title 'shares'.

If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant.

In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down.

Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK.

If you want a dabble in the market you could do a lot worse than Mcdonalds.
Never put your money in something you don't understand. He knew how the fast-food restaurant industry worked and used those skills to better his investment. Also, it's not just about the money; he's now an employer of 280 people - that's quite an achievement and provides more satisifaction than dabbling in shares.

Sadly many of those in Essex are jumped up schoolboys who go into share trading because of the money. They have no intelligence whatsoever - just huge egos and luck, but not much else.
[quote][p][bold]supermadmax[/bold] wrote: The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds.[/p][/quote]Never put your money in something you don't understand. He knew how the fast-food restaurant industry worked and used those skills to better his investment. Also, it's not just about the money; he's now an employer of 280 people - that's quite an achievement and provides more satisifaction than dabbling in shares. Sadly many of those in Essex are jumped up schoolboys who go into share trading because of the money. They have no intelligence whatsoever - just huge egos and luck, but not much else. shoess3
  • Score: 6

2:16pm Tue 24 Jun 14

supermadmax says...

shoess3 wrote:
supermadmax wrote:
The key is in the title 'shares'.

If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant.

In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down.

Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK.

If you want a dabble in the market you could do a lot worse than Mcdonalds.
Never put your money in something you don't understand. He knew how the fast-food restaurant industry worked and used those skills to better his investment. Also, it's not just about the money; he's now an employer of 280 people - that's quite an achievement and provides more satisifaction than dabbling in shares.

Sadly many of those in Essex are jumped up schoolboys who go into share trading because of the money. They have no intelligence whatsoever - just huge egos and luck, but not much else.
"dabbling in shares" "share trading" ?

I described a significant investment & gave accurate evidence of the profit as a comparison of purchasing a franchise over the 12 year period earning 1/2 a million in profit !! You make it sound like spread betting or day trading ?

Id also suggest investing in a global forwarding thinking brand worth billions is a safer place to put your cash than investing in a restaurant which is an individual business than can performing very badly in individual market conditions. McDonalds make no guarantee of success to the franchises, look at the one by the kursal than shut down or the one on Basildon high st that closed ? That's just two local examples.
[quote][p][bold]shoess3[/bold] wrote: [quote][p][bold]supermadmax[/bold] wrote: The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds.[/p][/quote]Never put your money in something you don't understand. He knew how the fast-food restaurant industry worked and used those skills to better his investment. Also, it's not just about the money; he's now an employer of 280 people - that's quite an achievement and provides more satisifaction than dabbling in shares. Sadly many of those in Essex are jumped up schoolboys who go into share trading because of the money. They have no intelligence whatsoever - just huge egos and luck, but not much else.[/p][/quote]"dabbling in shares" "share trading" ? I described a significant investment & gave accurate evidence of the profit as a comparison of purchasing a franchise over the 12 year period earning 1/2 a million in profit !! You make it sound like spread betting or day trading ? Id also suggest investing in a global forwarding thinking brand worth billions is a safer place to put your cash than investing in a restaurant which is an individual business than can performing very badly in individual market conditions. McDonalds make no guarantee of success to the franchises, look at the one by the kursal than shut down or the one on Basildon high st that closed ? That's just two local examples. supermadmax
  • Score: 2

3:17pm Tue 24 Jun 14

pembury53 says...

£££££££mmmmmm
, he's loving it
£££££££mmmmmm , he's loving it pembury53
  • Score: -4

3:35pm Tue 24 Jun 14

Living the La Vida Legra says...

supermadmax wrote:
The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds.
Thanks for the info. Very interesting information
[quote][p][bold]supermadmax[/bold] wrote: The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds.[/p][/quote]Thanks for the info. Very interesting information Living the La Vida Legra
  • Score: 0

4:04pm Tue 24 Jun 14

Kim Gandy says...

pembury53 wrote:
£££££££mmmmmm

, he's loving it
Good for him I say. He's worked hard for it.
[quote][p][bold]pembury53[/bold] wrote: £££££££mmmmmm , he's loving it[/p][/quote]Good for him I say. He's worked hard for it. Kim Gandy
  • Score: 0

4:26pm Tue 24 Jun 14

niki-loo says...

id like mcdonalds more if they paid under 18's more than £2.19 an hour!
id like mcdonalds more if they paid under 18's more than £2.19 an hour! niki-loo
  • Score: 8

4:28pm Tue 24 Jun 14

supermadmax says...

Living the La Vida Legra wrote:
supermadmax wrote:
The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds.
Thanks for the info. Very interesting information
No worries, good to see someone with an entrepreneurial spirit.
[quote][p][bold]Living the La Vida Legra[/bold] wrote: [quote][p][bold]supermadmax[/bold] wrote: The key is in the title 'shares'. If you have 100 odd grand to spare, you would be better advised to invest in the shares than an individual restaurant. In 2002 (when he took over) the price was approximately 20 its now 100 so your 100k would now be worth 1/2 million should you cash in. Compare this to buying a franchise, you may make 70k a year ? In theory that would have produced 800k worth of profit during the same period, however in order to actually purchase a restaurant you would need either 300k+ OR get yourself in debt / loans with interest, not forgetting all the taxs and handwork / hassle that goes with running the business. The investment wins for me hands down. Now is actually a great time to invest in Mcdonalds, not for the UK but for the emerging markets such as chinas where there are building new restaurants and getting new generations hooked at an outstanding rate, that's why they are trying to franchise off so many of the company run operations in slower markets like the UK. If you want a dabble in the market you could do a lot worse than Mcdonalds.[/p][/quote]Thanks for the info. Very interesting information[/p][/quote]No worries, good to see someone with an entrepreneurial spirit. supermadmax
  • Score: 3

6:42pm Tue 24 Jun 14

jolllyboy says...

Not everyone wants to smell of fryups. I'd rather work in a different type of shop to that.
Not everyone wants to smell of fryups. I'd rather work in a different type of shop to that. jolllyboy
  • Score: 1

7:40pm Tue 24 Jun 14

Kim Gandy says...

jolllyboy wrote:
Not everyone wants to smell of fryups. I'd rather work in a different type of shop to that.
Each to our own eh?

If it gives him a good income and lifestyle I should think he can tolerate the odd shirt smelling of burgers.
[quote][p][bold]jolllyboy[/bold] wrote: Not everyone wants to smell of fryups. I'd rather work in a different type of shop to that.[/p][/quote]Each to our own eh? If it gives him a good income and lifestyle I should think he can tolerate the odd shirt smelling of burgers. Kim Gandy
  • Score: -2

6:59am Wed 25 Jun 14

CHRISTMAS CAROL says...

They give value for money and if you are a family it does'nt stretch the purse strings too much. I like the odd Mcdonalds. I have travelled to many places in the world and Mcdonalds are always full and they have all have got toilets , which is an added bonus in places like Vienna, Rome, Paris, where food is very expensive. Long may they reign .
They give value for money and if you are a family it does'nt stretch the purse strings too much. I like the odd Mcdonalds. I have travelled to many places in the world and Mcdonalds are always full and they have all have got toilets , which is an added bonus in places like Vienna, Rome, Paris, where food is very expensive. Long may they reign . CHRISTMAS CAROL
  • Score: 1

2:29pm Wed 25 Jun 14

Alekhine says...

99p for a cheeseburger and toilet close by. Not my definition of value for money. Try some proper food.
99p for a cheeseburger and toilet close by. Not my definition of value for money. Try some proper food. Alekhine
  • Score: 3
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