Anybody ever buy a franchise?

Discussion in 'The Bar' started by Stan Beeman, Mar 24, 2014.

  1. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    Always wondered what the process is like and how much you have to flip back to the original franchise.
     
  2. basketcase

    basketcase Pissed that Naz only has 2 legs

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    Don't you have to pay up front?
     
  3. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    I really don't know - is it a one time payment or an ongoing payment for marketing, website, etc?
     
  4. HelloCleveland!

    HelloCleveland! Well-Known Member

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    It's expensive. You probably need $250,000 or more in capital to start.
     
  5. Mack

    Mack Well-Known Member

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    You've been a thread making tear, Dudley.
     
  6. Stevie

    Stevie Now go...Ohm.

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    Why would we want tah buy tha Browns?
     
  7. gwartney

    gwartney Unafilliated Gold

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    It depends on the franchise. All will require an up front. Depends on the product. You may or may not be required to buy from the home company. We had a franchise but we basically had the name and the buying power of the company but it was really loose. We did have to pay a percentage of gross for a few years. Some have that forever. You just have to find what your interested in and look into it because they are so different.
     
  8. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    Thanks...I was at 5 Guys today and they had an article on the wall about how the original owner didn't want to franchise and finally went for it and there are like 1,000 in DEVELOPMENT. Got me thinking about other franchise opportunities.
     
  9. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    Thanks Mack - still waiting on one of them to actually be good :hat:
     
  10. Stevie

    Stevie Now go...Ohm.

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    Everybody else izz too...
     
  11. gwartney

    gwartney Unafilliated Gold

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    If I had the dough, I'd look into Potbelly sandwich shops. They are fucking expensive though.
     
  12. Gas Face

    Gas Face Well-Known Member

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    :jj:
     
  13. Mack

    Mack Well-Known Member

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    This has a lot more potential than the penguin thread.
     
  14. WillyBest

    WillyBest Achiever Gold

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    Yes, I bought The Dodgers.
     
  15. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    Those are always packed, so are Chipolte's and Dunkin Donuts....

    So you pay a hefty up front ($250K) and are required to buy their stuff and give them a percentage of gross profits?
     
  16. BearShit

    BearShit BearShit + Tom Hardy = BFF

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    Yes I have bought the Lakers franchise in nba2k
     
  17. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    that was a quick hitter - had no legs. No pun intended.
     
  18. Gas Face

    Gas Face Well-Known Member

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    You have to be Middle Eastern to buy into D&D
     
  19. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    Hampton Hotels and Subway are always ranked high - wouldn't want one of those
     
  20. Sternac

    Sternac HALs Pal

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    One issue is that some places will only allow franchises to people with a background in business. Not just a BA but actual experience in owning a store or something.