Anyone ever apply for a franchise?

[Kevin]

Originally posted by: Koing
Starting up a business is a mofo.

My parents own a Fish and Chip and Chinese takeaway in one. You got to work long hours for the shop. And the clean up time and the preparation time of the food and such. Long hrs but the money is good. Your your own boss and when its quiet you get to sit around and do nothing.

It does beat working however. Only if you and your wife are in to it its better. If only you did it and your wife didn't it will be harder. Or you can hire employees.

The franchise will at least make $5k a week, thats $260k a year. So in about 10 years you can pretty much pay off $750k. Then the profit really starts to roll in.

Franchises are a little different then just normal takeouts since you have to follow all their rules and your supplier is limited to them. I have a bunch of friends who own Chinese takeouts and they are very profitable since they can get whatever is cheaper. Also, they make a killing on soda. They'll get cans for around 20 cents and sell them for a $1...

 

[Doggiedog]

Originally posted by: Marlin1975
I was thinking, what do the people here think of Popeyes?

We don't have one in Wilmington NC and the last one I was at had a lot of good stuff.

I hadn't eaten at a Popeyes in over 15 years but recently tried it again because their Po-Boy sounded really good.

I was really impressed with the food. Everything was excellent. Then I ate at another location in a low income area and was turned off. I think the quality is really dependent on the management of the restaurant.

 

[RossMAN]

Quizno's 4 life

 

[newbiepcuser]

Originally posted by: Spac3d

Originally posted by: jagr10
If you have a few mil you can operate a mcdonalds i think. lol.

I read that those dollar stores are one of the cheapest businesses to start up and they make good money.

You don't need that much money.

My friend applied for McDonald's franchise, they told him 2 million. I was like "oh crap". He had to attend McDonald University on top of that. He passed on that idea.