Pershing Square
how the system works landlord restaurant operator franchisees franchises brand and collects fee operator operates restaurants landlord buys and develops real estate and leases to its franchisees real estate and franchise estimated tax roi of franchise fee of restaurant sales rent greater of a minimum rent or a percentage of restaurant sales current of sales bears all maintenance capital costs cost land cost building | Pershing Square
Company
Deck Type
Deck date
November 2016
Slide
13 of 79
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