The whole McDonald's filing, read.

McDonald's USA, LLC's 2026 Franchise Disclosure Document, read for someone about to sign, with every figure cited to the page it came from.

Every fee. 38 rows for McDonald's: initial, royalty, advertising, technology, transfer, renewal, audit, late, termination. The brand page shows the two headline rates; the report shows all of them.
Item 19, decoded. What the revenue figure measures, which units are in the sample and which were left out, and what it doesn't include.
Three years of units. Openings, terminations, non-renewals, reacquisitions, transfers, and whether the filing's own totals foot.
Every lawsuit, in plain words. Item 3 and Item 4, one line per matter.
Territory, renewal, transfer, termination. What is protected, what it costs to renew or sell, what they can terminate you for, and the non-compete.
The questions to ask existing franchisees that this filing's own numbers raise.

From the report · every fee · the first 7 of 38 rows

Initial franchise fee	$45,000 lump sum	p. 17
Initial franchise fee — Satellite	$500 (no fee for Walmart locations)	p. 18
Initial franchise fee — STO and STR	$22,500 lump sum	p. 18
Advertising and Promotion	Not less than 4% of Gross Sales	p. 18
Audit/Inspection Fee	Cost of audit	p. 18
Satellite Annual Fee	$500 to $2,500	p. 18
BFL Rent	Varies, case-by-case	p. 18, p. 23

This is a summary of a public filing, not legal advice. Take the filing to a franchise attorney before signing. The free brand page stays free; the report is the rest of the document.