Quote:
Originally Posted by The Batlord
No you just take some classes every now and then to maintain a fiction. You're a schlub.
Ah it is Chik Fil A. And it is a very different deal than most other franchises. I generally saw that you'd pay the parent company something like 5% of your revenue as opposed to 50% with Chik Fil A, which is quite a leap, along with 15% royalties and while I don't know what that means it doesn't sound like peanuts. Also in a traditional franchise you own the business and can sell it for fat stacks or pass it on to your kids, but Chik Fil A owns everything, so you can't sell it and your kids can't inherit it, so you're essentially buying a reasonably cushy job (Chik Fil A franchisees make on average 200k).
Not a bad deal if you're poor and have no other prospects but it's a vastly different level of opportunity than buying a McDonald's franchise since you can buy more than one McDonald's franchise and can sell them or pass them on to your kids.
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I told you I have no idea how it compares to other franchises. The only things I've heard about getting a franchise are directly from my sister's situation.
I would imagine even those other franchises there is a certain ceiling on how much you can ultimately make compared to if you had your own successful start up and brand... You don't get anything in this world for free. That's what I meant about it being a trade off. Like you said chick fila is apparently unusual in terms of how much equity and control they maintain and it's also a much lower financial investment that you need to make. So yeah... I feel like that pretty much lines up.
And yeah dude we grew up poor. 200k is a lot of ****in money.