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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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Experience with Franchises?
Read an article last night; local rag profiling several local people who have left their employers to find a better opportunity with franchises in this economy. One couple started opened a Little Ceasar's, one a Popeye's, etc.
The whole article profiled 5 people, all but one starting brand new brick and mortar, businesses. All less than a year old.
I get the positive reasons, proven business plans, marketing, branding, etc. BUT my understanding is that most of these gleen 3-6% off of GROSS sales, + annual/monthly fees, advertising fees, etc.
Seems to me thst most are only making money for the franchisor. I have also seen many (fast food mostly) in my area go under.
Anyone here have direct/indirect experience and want to chime in??
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss
'07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold
'85 Guards Red Targa - Almost finished after 17 years
'95 Road King w/117ci - No time to ride, see above
'77 Sportster Pro-Street Drag Bike w/93ci - Sold
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