A small chunk of our clients are McDonalds owners. Owning a McDonalds is the closest thing to having your own personal mint. Those franchise owners print money, at least from what I’ve seen. Unless you’re an under represented minority you don’t have much of a shot in getting in their program. Chick-fil-a, down here in the South, has one of the best ownership programs. You make a capital contribution of $5,000 and Chick-fil-a covers all the other costs. You split profits 50/50 with Chick-fil-a thereafter. The only downside is that you can only “operate” one franchise and you never actually own it. I know it’s not Fidelity but some of the operators easily clear $300k. Clearly if you decide to join a well developed and nationally recognized franchise it’ll be costly and you will be limited to non-developed geographies. Start up franchises carry the most risk but offer you the greatest upside potential. You also have the opportunity to “corner the market”.
niraj_a Wrote: ------------------------------------------------------- > mar350 Wrote: > -------------------------------------------------- > ----- > > you have to read the contract of the franchise > > carefully as a lot of them load you with the > risk. > > if you actually succeed at building a franchise > > ownership transfers to the corporation after > about > > yeat 5 - meaning you put in the work and > start-up > > capital and they reap all the benefit. > > > interesting. i think that’s a fair deal > considering one is getting an established brand, > free national advertising, a tested menu, and a > trained customer base without doing anything. I’m nearly certain this is why there is a franchise/royalty fee assessed to the franchisee.
- Go to college town 2. Open bar 3. Attach a waffle house to bar 4. ??? 5. Profit That being said, Waffle House has some of the strictest franchising rules i’ve heard. You (the owner) HAVE to work on Xmas and New Years other wise you lose the franchise. Panera also has a very high capital outlay, however, i’ve never been to a Panera that wasn’t busy.
Unless you’re independently wealthy and invest your own money, you will always be working for the man, whether it be a boss, shareholders, and/or clients/customers.
My goal is to make enough FU money to become a senior lender. Then just lend 1-3 months loans and a few bips below the regular rate. Income + reasonable capital protection.
SMIRK Wrote: ------------------------------------------------------- > Unless you’re independently wealthy and invest > your own money, you will always be working for the > man, whether it be a boss, shareholders, and/or > clients/customers. No doubt. People used to ask me when I had my own accounting practice what is was like to be my own boss. I said “Ha. I have 300 bosses, plus their spouses and /or kids.” Very often pleasing one or two bosses is a lot easier than making hundreds of customers happy.
Start a wh0re house and include a VIP section with crazy fet!shes. Bring international chicks and keep their passports. Can’t fail.
How can you start your own restaurant franchise? Is it: 1. Get ur own restaurant going. 2. Get some profits outta it. 3. If successful, then franchise this sucker?
nuppal Wrote: ------------------------------------------------------- > 1. Go to college town > 2. Open bar > 3. Attach a waffle house to bar > 4. ??? > 5. Profit > > > That being said, Waffle House has some of the > strictest franchising rules i’ve heard. You (the > owner) HAVE to work on Xmas and New Years other > wise you lose the franchise. > > Panera also has a very high capital outlay, > however, i’ve never been to a Panera that wasn’t > busy. My dad has been talking about opening a waffle house for years now (none in our area) - that’s crazy you’ve got to show up Xmas and new years. Does that mean you can only own one? Any idea on the outlay for one of those? I f’ing hate Panera.
nuppal Wrote: ------------------------------------------------------- > My goal is to make enough FU money to become a > senior lender. > > Then just lend 1-3 months loans and a few bips > below the regular rate. Income + reasonable > capital protection. That’s more like the express way to Hell.