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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 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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How much (net) revenue does a franchise generally make a year?
Anyone have any experiences with franchises in north america? After all the fees, how much (approx) net revenue can be made from one? How much are do initial startup costs come to?
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ICQ: 298-523-037 |
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#2 |
Confirmed User
Join Date: Jul 2002
Location: Montreal
Posts: 7,519
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Jesus Christ can your question be any more vague?
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#3 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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i realize there are many types of franchises, and there are several other variables (location being a key one) but i was just hoping to get some examples or hear others experiences
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#4 |
Confirmed User
Join Date: Mar 2002
Location: asia
Posts: 5,590
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well, I know for a a fact that the average subway franchise makes over 100k/yr profit as well as gas stations.
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#5 |
frc
Industry Role:
Join Date: Jul 2003
Location: Bitcoin wallet
Posts: 4,663
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I've heard a McDonalds in the right location can do a 1,000,000+ per year
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#6 |
So Fucking Banned
Join Date: Nov 2005
Location: Los angeles
Posts: 1,614
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my friend had a QUIZNO and it made $40,000 per-year, but he ended up selling it.
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#7 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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good stuff thanks
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ICQ: 298-523-037 |
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#9 |
Too lazy to set a custom title
Industry Role:
Join Date: Jan 2001
Location: God's right hand
Posts: 19,789
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most franchisees buy themselves a job, nothing more.
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I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.
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#10 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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good stuff thanks
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ICQ: 298-523-037 |
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#11 |
Pounding Googlebot
Industry Role:
Join Date: Aug 2002
Location: Canada
Posts: 34,482
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I'd agree with 12clicks, I know 2 franchise owners (a Tim Hortons and a Subway) and their not making much more than a full time salary owner would, between 70 - 120k and they work much harder than a job would.
WG
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#12 | |
Confirmed User
Join Date: Apr 2004
Location: NC
Posts: 8,323
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Quote:
There is a restaurant locally that serves this cole slaw. It's a new style cole slaw which has pineapple, mandarin oranges and fucking cayenne pepper. It is, the nastiest shit you have ever had in your mouth. You could suck runny shit out of a sick dog's ass and I think you'd enjoy it more than this cole slaw. The manager gets bitched at about 15 times daily (his words) about how nasty the cole slaw is but he can't just stop serving it...it's a corporate decision. Fuck that shit... Then, to answer your "question"...I mean, you have to think about what type of franchise, is there a strong market for it in your location, are you in a good location, does the demographic match the product, etc etc etc. It's like asking how much wood could a woodchuck chuck... ![]() |
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#13 |
Confirmed User
Join Date: Mar 2006
Location: Illinois
Posts: 9,483
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never knew
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#14 |
Confirmed User
Join Date: Jun 2002
Posts: 4,642
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I used to own a couple of Dunkin Donuts franchises, and couldn't wait to sell them and get out (had them for 5 years). To this day, about 14 years later, I still can't stand hearing the phone ring and break out in a sweat/panic when I hear it ringing at home. Almost like soldiers when they return from battle and react to certain things. The stores were open 24/7/365 and there were always problems at all hours with unreliable teenagers working for you... You had to be on call to put out fires...around the clock and every shift every day was the same old shit trying to dig your way out of...
I strongly urge anyone interested to talk to other franchisees from all over the country before doing something that can easily make a grown man weap daily. Although lots are profitable, most end up being places where you have bought yourself a fulltime job you will hate at low pay and non existant profits using all your lifes savings. Then a few years later, as a reward for sticking it out and not hanging yourself in the garage, the franchisor will come along and say you have to invest $100K to change your store's decor...to the new look...or else lose the franchise. |
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#15 |
vip member
Join Date: Jan 2003
Posts: 17,798
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Dont do that shit man, talk to me if you need to spend money on big moneymakers
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#16 |
Vrume Mark
Industry Role:
Join Date: Jan 2001
Location: Toronto, Canada
Posts: 20,912
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1 billion dollars exactly LOL!
DH |
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#17 |
Confirmed User
Join Date: Jun 2006
Posts: 1,213
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From what I've heard it's not worth the effort.
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#18 | |
Confirmed User
Join Date: Jul 2002
Location: Montreal
Posts: 7,519
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#19 | |
Hello world!
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Join Date: Mar 2003
Posts: 12,508
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Quote:
Good info |
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#20 |
So Fucking Banned
Join Date: Aug 2004
Location: Dearborn, MI
Posts: 5,921
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The franchise Little Caesars down my street makes about 150K a year net after taxes and the owner stops in a few hours a week. It just depends.
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#21 |
Confirmed User
Join Date: Jul 2002
Location: Montreal
Posts: 7,519
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I guess what you have to find in order to make money with a franchise without working your ass off is a good manager. If you manage to survive a year or two with one, then find someone to manage it all the while acquiring more and having the same person manage it, you can make a lot of money with franchises. You gotta accept that you'll make much less money with only one franchise paying for a good manager, but as you acquire more his salary and increases will shrink compraed to your profits.
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#22 |
Confirmed User
Join Date: Dec 2005
Posts: 131
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I own a couple NFL franchises. They do Ok.
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#23 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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excellent info
thanks =)
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#24 |
PostMaster General
Join Date: Aug 2006
Posts: 10,781
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alot of franchises can be very profitable, but i see what others are saying in the thread.
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#25 |
Too lazy to set a custom title
Join Date: May 2004
Posts: 14,423
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i have read alot of reports that you should stay away from Quiznos! there franchises are super strict and end up sueing the person if not enough revenue is made.
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#26 |
In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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def look into and try to find a good manager to control and work at the place for you. Try to find someone that has managed in the same franchise at a different location and do a lot of background checks etc on the person to make sure they know their shit.
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#27 | |
Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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#28 |
Industry Role:
Join Date: Aug 2006
Location: Little Vienna
Posts: 32,235
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Well mcdonals is definatly best franchise,noone else spend money somuch on marketing.
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#29 |
Dialer Kingpin
Join Date: Jun 2003
Location: New York
Posts: 10,816
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Sounds like a horrible experience.
But all I have to say is Location Location Location. |
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#30 |
Confirmed User
Join Date: Feb 2004
Location: Alberta, Canada
Posts: 4,707
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excellent info
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#31 | |
So Fucking Banned
Join Date: Nov 2005
Location: Los angeles
Posts: 1,614
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#32 |
Doin fine
Industry Role:
Join Date: Oct 2005
Posts: 24,983
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How much water can a glass hold?
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#33 |
BANNED - SUPPORTING TUBES
Join Date: Aug 2002
Location: I live in a pile of boogers
Posts: 11,913
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owning the typical franchise is nothing more than "wage replacement" and the chance to be your own boss for 10 times more headaches.
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#34 | |
So Fucking Banned
Join Date: Aug 2004
Location: Dearborn, MI
Posts: 5,921
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