Thinking about buying into a franchise business...

Discussion in 'The Bar' started by Lucky Pierre, May 24, 2014.

  1. Lucky Pierre

    Lucky Pierre Well-Known Member

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    If successful, they can generally make about $70,000 to $100,000 net income/profit for the owner per year. But then the idea is you can expand without too much trouble once you have the first one down pat. So instead of one, you now own five and you're making $300-$500,000k/year.

    The one I'm considering requires:

    - $30,000 one time fee.

    - I then pay for all the equipment, supplies, etc, like any other business.

    - I have to cut them a check for 5% of the total gross sales as a royalty fee.

    - add another check for 3% of gross into a "marketing fund" which is suppose to pay for advertising, promotions, etc.


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  2. Gomez

    Gomez Well-Known Member

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  3. Lucky Pierre

    Lucky Pierre Well-Known Member

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  4. Lucky Pierre

    Lucky Pierre Well-Known Member

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  5. Mack

    Mack Well-Known Member VIP

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    I always chuckle when they fold in the winter.
     
  6. Lucky Pierre

    Lucky Pierre Well-Known Member

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  7. Lucky Pierre

    Lucky Pierre Well-Known Member

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  8. Lucky Pierre

    Lucky Pierre Well-Known Member

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  9. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    which franchise you looking at?
     
  10. Lucky Pierre

    Lucky Pierre Well-Known Member

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    It's like Chipotle... but instead of burritos, it's salads... with a big focus on the drive-thru aspect of the business
     
  11. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    sounds like a terrible idea
     
  12. Charon

    Charon Soulless

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    I will not buy a drive-thru salad.
     
  13. Avery

    Avery Well-Known Member Banned User

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    Goddammit! I was hoping to bring that to the suburbs one day.

    Those salad places rake in NYC. This one called Sweetgreen has lines half a block at lunchtime.
     
  14. Stan Beeman

    Stan Beeman Well-Known Member VIP

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    right
     
  15. Phan Neepack

    Phan Neepack Well-Known Member

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    Walk in or drive through, I will not buy a salad (unless it's got meat & cheese on it)
     
  16. face palm

    face palm Well-Known Member

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    the town near me needs a 5 guys
     
  17. zhukov

    zhukov Time traveler VIP

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    they're cleaning your clock for 8% right off the top

    Good luck with that.
     
  18. Mur

    Mur soon Gold

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    Get a sportclips franchise. :facepalm:
     
  19. TripTo My Taint

    TripTo My Taint Well-Known Member

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    I thought Louis CK was doing better than this.
     
  20. TripTo My Taint

    TripTo My Taint Well-Known Member

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    So, you're tossing salads, via a drive-thru? Stock-up on dental dams.