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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Barterer
Industry Role:
Join Date: Aug 2004
Posts: 4,864
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![]() Anyone own any?
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#3 |
Barterer
Industry Role:
Join Date: Aug 2004
Posts: 4,864
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Seems fitting lol
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#4 |
Jägermeister Test Pilot
Industry Role:
Join Date: Dec 2001
Location: NORCAL
Posts: 73,921
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Why would you want to do that? That's a ton of work, a lot of hours, and your income potential is limited.
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#5 |
Confirmed User
Industry Role:
Join Date: Aug 2006
Location: Midwest
Posts: 3,808
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One of my closest friends growing up... his family(dad, uncle, aunt, and grandfather until his death) owned all of them in this area(about 75-80 miles in any direction). They're very well off, but they owned something like 60+ stores. I know my friend's dad sold his for 8 figures a few years ago.
As Rochard said, though, I wouldn't want to deal with the headache. That's why my friend's dad got out. |
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#6 |
Pay It Forward
Industry Role:
Join Date: Sep 2005
Location: Yo Mama House
Posts: 77,228
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TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com |
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#7 |
Confirmed User
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Join Date: Oct 2006
Location: Canada
Posts: 9,058
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people who buy franchises don't buy one and manage it expecting to get rich. Usually they'll get a handful and hire people for the day to day. Still a lot of work though I imagine.
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#8 |
BANNED
Industry Role:
Join Date: Oct 2004
Location: In Your Head
Posts: 25,194
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I had an interesting conversation with the GF about this yesterday. She's a real estate broker. We started talking about how some are ghetto and some really nice. She was telling me how hard they are to sell. They get punch lists from corporate about all the upgrades and changes they have to make every year. Many owners don't or can't do it.
But she said that when they go to sell to a new owner, it all has to be up to speed or they will not allow a transfer of ownership, so many find themselves in situations where they need to spend 6 figures on each location just to be able to sell out.
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. Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard |
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#9 | |
Confirmed User
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Join Date: Aug 2006
Posts: 4,558
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Quote:
But very profitable.. There are two of them in our town having one owner and he is a rich guy, maybe a millionaire. They are filled with people all the time. |
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#10 |
Too lazy to wipe my ass
Industry Role:
Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,639
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#11 |
Barterer
Industry Role:
Join Date: Aug 2004
Posts: 4,864
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Funny you say that as McDonalds profit wise are a lot like gas stations.
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#12 |
Confirmed User
Join Date: Feb 2010
Posts: 3,983
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McDonald's no, but I have a personal 40% stake each of my our family's 2 A&W locations. A&W requires a minimum $1,000,000 liquid assets to be considered for a franchise location. McDonalds if I recall was significantly more. One of the reasons we opted for A&W, however our decision to go with A&W rather than McD was based on McD languishing profit margins at the time before they rebranded themselves with their new enhanced gourmet style sandwich menu.
Once you get one location, then it's very addictive to add more locations. A&W corporate are great and they are like family, very helpful in cultivating a very profitable business model. We do quite well and the franchise has served us well ![]() |
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#13 |
Make STACK$
Industry Role:
Join Date: Nov 2006
Location: sexy time
Posts: 14,436
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I want to open a subway
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Compound interest. |
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#14 | |
So Fucking What
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Join Date: Jan 2004
Location: Whore Island
Posts: 14,445
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Quote:
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#15 |
Pay It Forward
Industry Role:
Join Date: Sep 2005
Location: Yo Mama House
Posts: 77,228
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__________________
TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com |
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#16 |
Just Doing My Own Thing
Industry Role:
Join Date: Jan 2011
Location: London, Spain, New Zealand, GFY - Not Croydon...
Posts: 25,096
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It would be a nightmare for me - I would go in the first day and a month or so later they would have to knock out a wall to wheel me out.
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#17 |
Arthur Flegenheimer
Industry Role:
Join Date: Jul 2006
Location: New York City
Posts: 11,056
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You're pretty stupid. McDonalds are money making machines. It is a lot of invest as far as startup capital is concerned. But if they did not make money hand over fist. They would not be open all over the place.
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#18 |
Too lazy to set a custom title
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Join Date: Sep 2002
Posts: 34,431
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There used to be a guy here named Heshie who would always post in threads about franchises - he owned the master franchise rights to Dunkin Donuts in i think Syracuse. He said it almost killed him - a horrible existense. For most people buying a franchise is buying a job - a hard job.
the good franchises won't sell one to you unless you work it yourself, they don't want people who think they can open the franchise and hire somebody to run it for them. many franchises are shady, people need to read the franchise agreements very carefully - like somebody said above they can and do force you to do expensive upgrades - new signage, remodeling the interior etc - and not only do they take their royalty %, they also force you to buy everything from or through them, at a nice markup for the franchisor. of course there are lots of people who have become wealthy with successful franchises. any of the nice franchises require you to have big liquid assets and i don't think you're allowed to include your home - so how many people have 1-2 million liquid.
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#19 |
.
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Join Date: Oct 2003
Posts: 13,076
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lol @ A&W, how do they even stay in business?
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#20 | |
Confirmed User
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Join Date: Aug 2006
Posts: 4,558
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Quote:
They are basically a guaranteed income. I believe it is one of the best investments you can do if you have the money. They do a research, decide where they are going to build the restaurant for you, supply the furniture and teach you how to run it effectively in their training course. They also train your employees for free. Your fees are 9-16% for the rent, 5% for the franchise and 5% for marketing. All you need is the money + they have some special rules, like you should be the only one involved in the business. |
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#21 |
Femcams.com
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Join Date: Jul 2011
Location: bjcam.com
Posts: 12,223
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every mcd is busy 24 hrs here how would they not make a profit
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#22 | |
Let's do some business!
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Join Date: Sep 2004
Location: Austin, TX
Posts: 31,327
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Quote:
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#23 |
<&(©¿©)&>
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Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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so how much per year net profit does each average McDonald franchisee make?
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#24 |
So Fucking What
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Join Date: Jan 2004
Location: Whore Island
Posts: 14,445
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#25 |
Registered User
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Join Date: Nov 2012
Location: Illinois
Posts: 98
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A guy I went to school with owns 2 sandwich shop franchises. You know what he does for a living? He makes sandwiches! No thanks..
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#26 | |
Confirmed User
Join Date: Feb 2010
Posts: 3,983
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You'll be surprised that A&W do quite well. At our last corporate convention, revenues of A&W in North America last fiscal year was significantly higher than Wendy's and Arby's revenue. While having higher revenue than Arby's is not surprising but Wendy's are quite profitable and A&W did much better
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#27 | |
<&(©¿©)&>
Industry Role:
Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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Quote:
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#28 |
Confirmed User
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Join Date: Dec 2004
Location: Denver
Posts: 6,559
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Five Guys = way better and they do franchising.
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#29 |
Confirmed User
Join Date: Sep 2009
Posts: 5,795
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I remember hearing stories about how Quiznos were basically a nightmare to own. Sounds like they charge each franchisee a ridiculous amount for their ingredients and they are basically forcing their own stores out of business due to high costs. There's been one close up already around here in the last few years.
edit: this is some great reading in the comments: http://franchisepundit.com/index.php...nchisee-makes/
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#30 | |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Quote:
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#31 |
Barterer
Industry Role:
Join Date: Aug 2004
Posts: 4,864
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McDonalds needs to go away
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#32 |
So Fucking Banned
Industry Role:
Join Date: Feb 2006
Posts: 26,062
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My aunt does, and she's rich now. She started at the very bottom as a teen in somebody else McDonald's.
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#33 |
Barterer
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Join Date: Aug 2004
Posts: 4,864
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Does she do cardiovascular activity or weigh 340 Lbs?
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#34 |
Carpe Visio
Industry Role:
Join Date: Jul 2002
Location: New York
Posts: 43,063
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I have a friend from High School who's family owns about 10 of them.
My father is looking to retire and sell his stake in his company. He wants to open a Tim Horton's. |
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#35 |
Junior Achiever
Industry Role:
Join Date: Nov 2004
Location: Walled Garden
Posts: 17,066
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My old neighbor owns one. There is no doubt she was loaded.
I imagine it all depends on the location. |
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