March 19, 2008, 9:15 am
Calculating the risk of a franchise investment
Ray asked FSB about investing in a fast food franchise. Have you invested in a franchise? Do you have any advice for Ray?
Your Answers
From Anonymous You idiot… Patricia from Nevada did a great job with about 50 words!
Posted By Anonymous : February 10, 2009 1:24 pm
From Patricia, Las Vegas, NV Having worked for a fast-food franchisor, as well as having family members who have owned franchised fast-food concepts I can tell you three things: (1) they're very expensive – both to open and keep open; (2) they require more work (7 days/week, 70 hrs/week) and more headaches (dealing with dozens or hundreds of minimum wage, unreliable teenagers) than other non-food franchises; and (3) few of them make good money – most are unprofitable or barely break even.
Posted By Patricia, Las Vegas, NV : December 5, 2008 11:29 am
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Patricia, it sounds like you and your family have a lot of experience in fast food franchises. All business owners I know make healthy profits and healthy incomes for themselves. What franchises and areas do you speak of?