- Feb 8, 2001
- 35,461
- 4
- 81
Anyone on here own a franchise?
- Thread starter Nitemare
- Start date
ThePresence
Elite Member
- Nov 19, 2001
- 27,727
- 16
- 81
AgaBoogaBoo
Lifer
- Feb 16, 2003
- 26,108
- 5
- 81
i was pretty close to opening a subway franchise, but decided against it in the end. those guys make anywhere from 30-100k depending on how good the store is.
my dad and his 3 friends were going to open this mcdonalds and they decided not to, but now the one that opened where they were going to put theirs is doing so well...they are very sad
BigFatCow
Diamond Member
- Aug 11, 2001
- 3,373
- 1
- 0
I plan on opening up some kind resturant franchise down the road.
http://www.bestfranchiseopportunities.com/
http://www.franchiseopportunities.com/
http://www.bestfranchiseopportunities.com/
http://www.franchiseopportunities.com/
- Feb 8, 2001
- 35,461
- 4
- 81
Duddy
Diamond Member
- Jul 22, 2002
- 4,674
- 9
- 81
My dad owns a McDonald's. His dad opened it in the early 80's.
Don't do Mc.Donald's, it's really hard to get into now because of all the schooling you have to do and my dad says there are soo many corporate people above him that always inspect the store that he doesn't even feel like an owner anymore. He is constantly stressed about mystery shops which can happen at any time. They grade your store by a snapshot, and if you get alot of bad grades, your store can be taken away.
I do enjoy the $180,000 a year it brings in though. Plenty of money to buy my gadgets with.
Don't do Mc.Donald's, it's really hard to get into now because of all the schooling you have to do and my dad says there are soo many corporate people above him that always inspect the store that he doesn't even feel like an owner anymore. He is constantly stressed about mystery shops which can happen at any time. They grade your store by a snapshot, and if you get alot of bad grades, your store can be taken away.
I do enjoy the $180,000 a year it brings in though. Plenty of money to buy my gadgets with.
- Feb 8, 2001
- 35,461
- 4
- 81
Originally posted by: Duddy
My dad owns a McDonald's. His dad opened it in the early 80's.
Don't do Mc.Donald's, it's really hard to get into now because of all the schooling you have to do and my dad says there are soo many corporate people above him that always inspect the store that he doesn't even feel like an owner anymore. He is constantly stressed about mystery shops which can happen at any time. They grade your store by a snapshot, and if you get alot of bad grades, your store can be taken away.
I do enjoy the $180,000 a year it brings in though. Plenty of money to buy my gadgets with.
Wouldn't do a Mickey D's. They are everywhere here. 180k a year sounds nice though
Originally posted by: Nitemare
Originally posted by: Duddy
My dad owns a McDonald's. His dad opened it in the early 80's.
Don't do Mc.Donald's, it's really hard to get into now because of all the schooling you have to do and my dad says there are soo many corporate people above him that always inspect the store that he doesn't even feel like an owner anymore. He is constantly stressed about mystery shops which can happen at any time. They grade your store by a snapshot, and if you get alot of bad grades, your store can be taken away.
I do enjoy the $180,000 a year it brings in though. Plenty of money to buy my gadgets with.
Wouldn't do a Mickey D's. They are everywhere here. 180k a year sounds nice though
It's not smart to do a Mickey D's now since it's in a declining market.
jadinolf
Lifer
- Oct 12, 1999
- 20,952
- 3
- 81
Originally posted by: Nitemare
Originally posted by: Duddy
My dad owns a McDonald's. His dad opened it in the early 80's.
Don't do Mc.Donald's, it's really hard to get into now because of all the schooling you have to do and my dad says there are soo many corporate people above him that always inspect the store that he doesn't even feel like an owner anymore. He is constantly stressed about mystery shops which can happen at any time. They grade your store by a snapshot, and if you get alot of bad grades, your store can be taken away.
I do enjoy the $180,000 a year it brings in though. Plenty of money to buy my gadgets with.
Wouldn't do a Mickey D's. They are everywhere here. 180k a year sounds nice though
Yes, but the 500K plus to get the franchise is a lot of money too.
I thought the franchise chose the locations, or has a strong say in it. They wouldn't want a failing franchise because someone put a place in the middle of nowhere would they?
Originally posted by: Duddy
My dad owns a McDonald's. His dad opened it in the early 80's.
Don't do Mc.Donald's, it's really hard to get into now because of all the schooling you have to do and my dad says there are soo many corporate people above him that always inspect the store that he doesn't even feel like an owner anymore. He is constantly stressed about mystery shops which can happen at any time. They grade your store by a snapshot, and if you get alot of bad grades, your store can be taken away.
I do enjoy the $180,000 a year it brings in though. Plenty of money to buy my gadgets with.
Can't he higher someone with strong qualifications for $80k a year to do his job =p
mugs
Lifer
- Apr 29, 2003
- 48,920
- 46
- 91
My father owned a couple of 7-Elevens for 25 years. Sold them because they were too much hassle for what they're worth. I think Subway has pretty low startup costs and operating costs.
I like wingzone.com
Edit: I've never asked my parents about financial information, but I'm pretty sure his best store made less than $100k/year of profit on ~$2 million in sales (including lottery)
I like wingzone.com
Edit: I've never asked my parents about financial information, but I'm pretty sure his best store made less than $100k/year of profit on ~$2 million in sales (including lottery)
You have to qualify for most good franchises. Like having experience in the industry, or sales. Some of them require applicants to have a certain net worth (McDonald's) before they will even talk to you.
Beware of scams. Due dilligence is definately indicated here.
Beware of scams. Due dilligence is definately indicated here.
JulesMaximus
No Lifer
- Jul 3, 2003
- 74,544
- 923
- 126
Don't like 60% of all restaurants fail in the first year? It may be even higher. I know it is one of the riskier businesses you can start as far as percentage that fail anyway.
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