I'm looking at some franchise opportunities here. Anyone ever purchased a franchise? I'm looking at 3 very different franchise opportunities and need some advice on what to look for and what to avoid when talking with the organizations.
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Franchising. Anyone ever done it?
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Originally posted by Acameron52 View PostBuy a Chick Fil A!
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Originally posted by Acameron52 View PostBuy a Chick Fil A!Originally posted by ecallarman View PostI was reading a franchise article the other day about Chick Fil A. The article claimed that you don't actually own the location and you are merely an operator of said location. If you decide you want to get out, the location is not yours to sell.
And yes Ecallerman is right, you don’t own anything with ChikFilA. You are an “operator/location manager” for them. They buy the land, build the building and provide everything. Plus take 40% of net monthly proceeds as their cut. You cannot change from their practices or you will be shut down. Plus they look into your financial history plus your families finances, check your faith and how devote you are, no criminal history, pretty much your entire existence is questioned. Lots of hurdles for them but a lucrative franchise.
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Following!
Originally posted by ecallarman View PostI was reading a franchise article the other day about Chick Fil A. The article claimed that you don't actually own the location and you are merely an operator of said location. If you decide you want to get out, the location is not yours to sell.
Originally posted by AntlerCollector View PostSubway is relatively cheap as far as franchises go
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Owned one for 5 years and sold it. My wife and I worked 6 days a week 10 hour days and worried 24/7 about making money. Hated having to work so hard and paying 10% of everything we made.
Read everything carefully and visit (not just talk) current and previous owners. Match your franchise to something you enjoy!!!!
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