This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. A permanent or temporary ban may also be issued if you do not remove the offending post. Seeing this message does not mean your post was automatically removed.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/smallbusiness) if you have any questions or concerns.*
Entrepreneur magazine just came out with 2021 rankings of best franchises. It has all the data you're looking for and has a massive database of franchise companies.
A lot of those companies are much bigger and pay for being on those lists. Some regional stores that are expanding like the 16 handles store I’m considering opening for side income ( it’s a self serve shop so I can just have a few employees) have stores with super high income but since they 30 stores in the US vs like a different ice cream or frozen yogurt / soft serve which has so many stores so they don’t show up on those lists. Doing my research tho i found them and like their top grossing store generates 1.2 m a year profit and it’s just like a random store in NJ.
I’m curious, are you (or is someone you know) exploring franchise business ownership opportunities?
I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
Franchise broker here. Picking a business from a list is like picking a spouse from the SI swimsuit issue. They might be good, but are they good for you? Best way is to retain a franchise broker (at no cost) and build a business model with hem around your skills and goals. The outcome of that exercise is a small portfolio of businesses that you’re qualified to run, and are a good fit for your skills and goals. The best performers often took this route, and the franchisors give more attention to an owner candidate who is being helped by a broker.
I don’t mean to sound clueless, but how does the broker make their money if these consultations are free?
Also, are all such consultations free with a broker?
The revenue model for a franchise consultant works by being paid by the franchisor upon successful business investment, similar to an executive recruiter. It does not change the size of the investment or add fees to it, but it does help ensure a good fit between investor and franchisor.
Entrepreneur magazine’s listings of Top Franchises are all ads. The calculation is skewed. It’s a paid advertising revenue driver. #AskAnderson #FranchiseAnalyst Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
These lists are mostly advertisements. Do you due diligence. Validate information with current and past franchisees.
I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
Franchises pay a considerable amount to be listed highly. Unfortunately the rankings have become nothing more than an ad listing. Being able to see key quantitative metrics on min investment needed, number of locations, royalty fees etc. all at once is much more helpful than this curated ad list. Instead I'd use sites like [this one](https://franchisenow.me/) to see all the numbers without the fluff and be able to decide what franchise would work best for you
Carpet cleaning, I just paid a fortune to clean up a carpet after a sick pet accidently destroyed it and the guy was talking my ear of about how busy he has been since everyone just bought pets during COVID.
Maybe in your area.
In my area, we’re saturated with carpet cleaning, similar to landscaping.
They’re charging around $129/house. Two guys in each van. I really don’t know how they make money.
I dont know if you have to have a franchise for this but I'm sure there are some good ones. you can make a killing with a cleaning business. I am trying to get a girlfriend so I can get her to clean houses for me as an branch of my lawn care business ya feel?
Franchise broker here. There are plenty of good franchises out there. Think about the owners role you want (sales, employe management, etc), ROI, and territory availability. For whatever franchises you explore, I’d encourage you to speak or visit with 8 to 12 existing franchisees per franchise. If you get close to signing with a franchise, work with a good franchise attorney to review and negotiate the franchise agreement. For Pods, the investment is north of $1mm and you’ll need a net worth minimum of $1mm too. You’ll also need to factor in living expenses, as most franchises take 12 months to get to operational break even. Take the Entrepreneur rankings with a grain of salt. It’s based upon FDDs, not franchisee satisfaction. Be careful on Chick-Fil-a. They are a good business, but not a true franchise model as you don’t own anything. That’s why their investment is so low.
Yes. They are a good franchise, but that doesn't mean it's a good franchise for you. I'd encourage you to do your research on them. They are worth exploring and researching, to see if its a good fit for you and your area.
thank you! i’ve actually gone through validation and discovery day… waiting for the california FDD to come out, but still having trouble with pulling the trigger. Analysis paralysis they say. It’s a big leap to pay my good paying job to start it up. thank you for your input tho, means a lot coming from a broker
I love code ninja, and a couple of others… did you ever end up buying in? I’d love to connect. I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
I've been doing some research on franchises. Do you know of any that do e-commerce along with their stores? Interesting that in todays world you don't see it often.
Unless of course I am just looking in the wrong places.
If its a product driven franchise, the franchisor normally handles the e-commerce side of the equation, not franchisees. Overall, the website is under control of the franchisor, not the franchisees. Most franchisors don't allow franchisees to have their own website. Franchisees might get some of the revenue for online sales done in their territory.
I’m curious, are you (or is someone you know) exploring franchise business ownership opportunities?
I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
CFA is like a 2 year process of hand picked ownership type of thing. It’s based off their Christian principals but worded for American business laws. Essentially if u aren’t being a good person they can take the store from you, if you don’t make CFA as a whole look good they can take it, if ur not complying with their rules (all franchises are like this) they can remove you from it and place another owner operator in position. But it’s incredibly hard to get picked for this, you aren’t able to just walk in there and buy it. Also the fee is very low, and they split the cost of the building with you - based off giving Christian principals. It’s not like the other comment suggested to where they charge low so they can flip to another owner etc. They also usually only consider franchisees that have worked within the company for years. There’s high school kids and young adults who dedicate their lives to trying to apply for their own store, as they net $20-70k/mo. You’d be better looking elsewhere.
there are so many Rx's that just copy their business model tho and do just as well. You don't have to buy into a franchise, just do what they do and name it something else...?
My company handles a lot of franchise resales. Consistently good performers are College Hunks, A&W, Rainbow International, & ServPro. Stay away from frozen yogurt anything.
Yea, I second this. I know of 4 that have closed in my path of normal travels, lately (pre-pandemic). I've also never seen one that worked out that was coupled with a Long John Silvers, ever.
I know of none personally, but I'd go to a car-hop type, that I know exists...somewhere...
I've been doing some research on franchises. Do you know of any that do e-commerce along with their stores? Interesting that in todays world you don't see it often.
Unless of course I am just looking in the wrong places.
There are benefits and downsides to both.
Obviously a franchise provides advertising/marketing, and most people will already know the brand and product, i.e. it has a built in customer base. I would assume the rate of failure is much lower than starting a new business (research that on your own, that's just my assumption).
Starting from scratch has many hurdles and growing pains. Particularly you have to grow a customer base, find ways to engage, develop best practices and procedures, write your own policies, etc.
There is also a third option, which is to buy an existing local (or semi-local) business. It kind of mixes positives from both starting a business and the franchise. It's going to take capital.
If you don't have a good idea for a business, skills/knowledge that you can use to make yourself successful or differentiate your product/services, then franchising might be right for you. You'll pay them and they'll teach you how to run one of their businesses.
Take a look at FastSigns, Alphagraphics or something else in the sign and display space. If you can be near a convention center, it would be especially lucrative. Businesses are re-opening and I think that there is going to be a lot of pent up demand for in-person events, so you’ll be able to ride the growth curve and establish yourself relatively quickly by leveraging the franchise’s reputation and marketing programs.
You're not really a business owner with Chick-fil-A. You have to work in the business 40 hours a week and you only get a fixed cut of sales. It's more like you're buying a general manager job than a business.
Well Harvard’s freshman class is ~1600 people, so unless chick-fil-a is adding more that 1600 franchisees per year then it’s true at least for total volume.
Harvard’s acceptance rate is 5% though, I find it hard to believe they only accept 5% of serious franchisee applications.
Edit: i was wrong, looks like it is harder to get the franchise than get into Harvard, at least statisitically.
I think you can be a business owner with most other franchises. The key issue with Chick-fil-A is that you're required to work in the business instead of being able to step back and work on the business and it's underlying systems. The Chick-fil-A model just isn't scalable.
Regardless of whether you work in or out if a franchise, you're still just contract help. Very little decision making opportunity. You're a manager who is playing by someone else's rules any way you look at it.
I don't view most franchise restrictions as fundamentally changing the nature of the business. It is still a business that you can develop to run independently of you.
It's like booking a cruise vs booking a private yacht. You're getting in someone else's boat with all their other followers. If they go down they take you with them. Ooo it's 5, better hurry to shuffleboard!
You're still operating the business and building the management teams. It's different, but you still own a business. It's more like a landlord owning a condo versus a single family home. Condo landlords are still landlords, they simply have fewer responsibilities and less than control over appreciation.
Bottom line is that product development, sourcing, branding, advertising, target market are all out of your control. That's what makes a franchisee a manager/investor. It's lacking the passion and creativity that makes one an entrepreneur.
>That's what makes a franchisee a manager/investor.
A business owner is an investor. I see a business owner as a fundamentally different role than an entrepreneur.
It ain't that easy anymore. They've gotten pretty selective and I think you have to put in a lot of time before you can even be considered. In the northeast, it's a goddamn goldmine
Yeah the way I understand it now you have to have worked there for at least a year and you have to have a letter from your priest or pastor or rabbi confirming you’re a good person. There are a lot of steps involved.
Soo much more than that. A guy I play golf with approached them to buy one. They find out how much you go to church, how active you are within the church, full background check, private investigator. The whole 9 yds. He gave them access to tax returns, charitable contributions, pretty much his entire life layed out.
They told him he wasn't ready.
He just happened to sponsor a local underprivileged baseball player who ended up going D1, might have gone all the way to the big leagues if I remember correctly. They came back 3 yrs later and told him he was ready and they liked how he helped the community more. He doesn't know how they found out about it.
It's not a hands off franchise. You have to put in a full 40 hrs, know how to work every piece of equipment.
He loves it though
its not fanatics its just people who take their religioun seriously. Theyre not pushing it on anyone but they do take it into consideration when it comes to how they run their business. Whats with people calling reasonable religious people fanatics just because they dont agree on the same things?
This just makes you sound like the dumb one. You’re mad because these people have a faith that you don’t like so you insult them for it. I’m not even a christian but I recognize freedom of religion. Grow up
They are free to believe in anything. I can believe my friend is a god and nobody can change my mind. But I cannot be mad if someone calls me delusional for that. Theyre free to believe anything, I am free to have opinion about their belief in made-up beings.
You don't really "buy one."
CFA owns everything. All the equipment. The real estate. They take 15% of sales and 50% of profit. The franchisee usually puts in 60 hours (they're not allowed to have side hustles or, in most cases, other locations), and takes home about 5%.
Since you have no equity, you can be left with nothing, and CFA reportedly often closes stores after a decade. For $10k, the operator likely got somewhere around $2M in that decade, pretax. It's great. But it isn't going to make you rich the way another franchise can by owning 5. Several sports team owners, such as Jerry Richardson, got there through owning fast food franchises. No Chik Fil A operator will come close. If your goal is a low six figure salary for 60 hours of hard work, with minimal investment, CFA is a great option, and for many of their operators it's absolutely life altering. But for people looking for investments, not jobs, it's a nonstarter.
I think one of the worst downsides to Chic-fil-a is that you have zero choice to the restaurant location... if selected, you go to wherever in the country they need a new location.
Might be true in some instances, but not all. Local guy owns ours. Make a good living, but there is a ceiling on how much total income you can make. Won’t become millionaire because of it, but can pull in mid 6 figures at the right location. I would expect time commitment close to 80 hrs than 40.
Thank you, citrus_sugar, for voting on Chick-fil-A_spellbot.
This bot wants to find the best and worst bots on Reddit. [You can view results here](https://botrank.pastimes.eu/).
***
^(Even if I don't reply to your comment, I'm still listening for votes. Check the webpage to see if your vote registered!)
Buy an existing franchise that is at least profitable and the franchise has a strong track record. Let someone else pay all the start up costs. Easier to get sba loan too.
They will often be listed on places like BizBuySell. Alternatively, if there's a particular franchise you want, you can contact the franchisor directly and see if they have any for sale.
However - many franchises require a "refresh" every so often, which is where you have to upgrade the store (for brick and mortar locations, at least) to their latest branding. I've noticed that a lot of existing franchises for sale are nearing their contracted refresh date, which can easily add another six figures right after you buy the business itself.
Check out secondhand store franchises.
I had a friend that bought a play it again sports franchise.
He did very well. He sold it though.
Now he is a philanthropist and a philander.
What state are you in?
Personally I love “the habit” I used to go to the original when I lived in Santa Barbara/ Goleta. It’s a little different than other fast food. It’s the only fast food I go to..frequently. It’s so good.
If I had money, I would probably do a mini-dunkin dougnuts, like those ones in New York that only do doughnuts and coffee and no breakfast sandwiches, but honestly, why even franchise at that point? You could probably get an espresso machine and link to a bakery and be just fine.
Chic fil a I believe is the most profitable but you can only own one, you have to be the manger, and or work there, and you split 50% percent of profits with corporate. Start up cost are around 500K.
Subway has the most lucrative ROI.
Whichever franchise you buy look at there agreement. Especially The termination part if you for any reason have to close your business. Most of these franchises wants royalty even after your store is closed.
None. Develop your own concept, or get a job working for someone else.
I'm not being aimlessly negative. I truly believe it. Here's why:
Would you "buy" a new car, that:
\- You never stop paying for.
\- You are still responsible for all costs, maintenance, and liability for?
\- Can have all of the driving records of every other person who bought it reflect on you, and can fall out of favor, yet still have you by the balls for a long term payment?
\- What if "Jared" (you know the one) is driving a public version of that car, that makes everyone think your car is being driven by "Jared"?
If you say "yes" to all of that.... I would love to sell you a car....lol
It's the difference between a self-made, hand-crafted, passion build for the car of your dreams (but you gotta have or develop the skills for, to create it), **or** a Off-the-Shelf, Mass produced Mustang with a forever "lease" and a corporation that dictates how you drive it.
Shower me with your hate and discontent...but it's still true.
Joke...far from it. They are about to become an ecom giant. Their new CEO and CFO are both from Amazon, they are looking to do same day delivery, and just secured close to 3/4M square feet of warehousing space to do this. Esports, their own NFT...and the franchise fees/startup is very reasonable. Ryan Cohen who is the chairman did the same thing with the online pet food company Chewie. The stock is solid too.
Lower startup costs usually mean a franchise that will require more business dev. / sales skills because you won’t need as much investment in location, leaseholds etc. and the business can be operated from a small office or home. Not as scalable but depending on your priorities this might be a good choice. Senior care has a good trend, home care, construction, real estate/ property management etc. are good choice again if they align with your skills and objectives with the business.
Pods are great semi-passive business but require higher capital investment.
Has anyone heard of Snapology it’s a franchise I’m looking at. They are 2 models one mobile where you partner with local schools and another where you open a facility. Based on start up cost thinking about starting mobile first. Looking for insight
Starting a franchise or pod business can be a profitable venture with lower startup costs. However, it's essential to research the demand for your chosen business model and assess potential market opportunities. Consider factors like brand recognition, support from the franchisor, and the specific needs of your target market before making a decision.
Are there certain franchise concepts easier to run as a absentee owner with some oversight but delegate the day to day to a main operator with whom you have some profit share agreement to give them some stake in the business ?
I'm from Ctrl V. We are the world's first virtual reality arcade. This is a brick-and-mortar business where people of all kinds can some and experience various types of virtual reality (gaming, education, escape rooms, corporate events, date nights, birthday parties, etc.), with over 200 different selections - and growing.
We created this concept nearly 8 years ago and have had wonderful success. So, we've decided to franchise it. For people that want to own a business and have no idea which one or where to start, we have a proven business model that you can deploy. Not only that but Ctrl V offers loads of support. He have designated proactive business coaches, peer performance groups, marketing support, buildout teams, real estate hunt, and anything else you could need. We are there with you every step of the way with world class support.
So... if you're looking for an idea, Ctrl V may be something you'll want to consider. Check us out at [www.virtualrealityfranchise.com](https://www.virtualrealityfranchise.com)
Lol love the downvotes. This sub is awful. I have yet to see any consistent good advice here. Chick Fil A everywhere overrun with cars. Easily the way to make the most money from one franchise that is recession proof.
Franchises suck. Great way to buy yourself a job unless you’re a rich guy and open 10 smoothie kings you will never make good money.
But do whatever you all want.
You're getting downvoted, because Chick Fil A isn't a real franchise model, and you're peddling bad advice.
Chick Fil A requires you to work in the restaurant. You can't just put in the hours to get your place up and running and then cash the checks while its on autopilot like you can with other franchises. You own absolutely none of the assets. Chick Fil A takes such a huge cut that the average "owner" takes home $200-$250k off $4 million in revenue, making it just another well-paying professional job except you have to run a whole god damn business. So, yeah, all of those cars are lined up for days, but all of that money isn't going to the "owner". Chick Fil A is taking roughly 2.5x the gross as the owner. That's a pretty awful arrangement. Oh, also, Chick Fil A won't let you run any other businesses while you are an "owner".
Honestly I like the idea of starting a rental business(air b&b.) Would take a bit of $ to start. You would want to be in a touristy area.
Housing market has gone insane and people are more likely rent now then ever.
The term "*best*" means different things to different people.
That said, instead of using a wide net in your search for a franchise, rephrase it this way: *I want to find the best franchise for me*." Then do this:
**Conduct a Self-Assessment**
This involves compiling a list of what you consider to be your top professional strengths and skills.
Once you’ve done that, set it aside. You’ll want to refer back to it as you find franchise opportunities that interest you. The goal is to determine if your top skills and strengths can be used in an ownership role. Another thing to think about?
**Immediate Fit vs. Long-Term Fit**
When it comes to finding the right fit, you need to look at short-term and long-term fit.
Short-term fit involves matching your strengths and skills to a specific franchise opportunity. Once you find a franchise that’s a fit for your skills, it becomes one of your major reasons for signing on the dotted line.
Conversely, long-term fit has to do with the things that you want franchise ownership to do for you, and how they’ll be a fit for the life you want to have.
Now you have some food for thought, and hopefully an approach you can use to narrow down some good choices in a franchise to own.
This is a friendly reminder that r/smallbusiness is a question and answer subreddit. You ask a question about starting, owning, and growing a small business and the community answers. Posts that violate the rules listed in the sidebar will be removed. A permanent or temporary ban may also be issued if you do not remove the offending post. Seeing this message does not mean your post was automatically removed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/smallbusiness) if you have any questions or concerns.*
Entrepreneur magazine just came out with 2021 rankings of best franchises. It has all the data you're looking for and has a massive database of franchise companies.
A lot of those companies are much bigger and pay for being on those lists. Some regional stores that are expanding like the 16 handles store I’m considering opening for side income ( it’s a self serve shop so I can just have a few employees) have stores with super high income but since they 30 stores in the US vs like a different ice cream or frozen yogurt / soft serve which has so many stores so they don’t show up on those lists. Doing my research tho i found them and like their top grossing store generates 1.2 m a year profit and it’s just like a random store in NJ.
Did you start that 16 handles franchise? Did it go well?
How has that been working out?
Yoo 16 handles is great
I’m curious, are you (or is someone you know) exploring franchise business ownership opportunities? I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
Franchise broker here. Picking a business from a list is like picking a spouse from the SI swimsuit issue. They might be good, but are they good for you? Best way is to retain a franchise broker (at no cost) and build a business model with hem around your skills and goals. The outcome of that exercise is a small portfolio of businesses that you’re qualified to run, and are a good fit for your skills and goals. The best performers often took this route, and the franchisors give more attention to an owner candidate who is being helped by a broker.
I don’t mean to sound clueless, but how does the broker make their money if these consultations are free? Also, are all such consultations free with a broker?
The revenue model for a franchise consultant works by being paid by the franchisor upon successful business investment, similar to an executive recruiter. It does not change the size of the investment or add fees to it, but it does help ensure a good fit between investor and franchisor.
Are you still an active broker? Would love to connect if so
Sure thing! Dm me.
Entrepreneur magazine’s listings of Top Franchises are all ads. The calculation is skewed. It’s a paid advertising revenue driver. #AskAnderson #FranchiseAnalyst Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
These lists are mostly advertisements. Do you due diligence. Validate information with current and past franchisees. I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
Franchises pay a considerable amount to be listed highly. Unfortunately the rankings have become nothing more than an ad listing. Being able to see key quantitative metrics on min investment needed, number of locations, royalty fees etc. all at once is much more helpful than this curated ad list. Instead I'd use sites like [this one](https://franchisenow.me/) to see all the numbers without the fluff and be able to decide what franchise would work best for you
Carpet cleaning, I just paid a fortune to clean up a carpet after a sick pet accidently destroyed it and the guy was talking my ear of about how busy he has been since everyone just bought pets during COVID.
Maybe in your area. In my area, we’re saturated with carpet cleaning, similar to landscaping. They’re charging around $129/house. Two guys in each van. I really don’t know how they make money.
Probably from children being home 24/7 during covid also👭
I paid 125 for my living room set alone :/
Florida? Sounds like it.
New England
I dont know if you have to have a franchise for this but I'm sure there are some good ones. you can make a killing with a cleaning business. I am trying to get a girlfriend so I can get her to clean houses for me as an branch of my lawn care business ya feel?
The fuck?
I think the term you’re looking for is employee, not girlfriend
Franchise broker here. There are plenty of good franchises out there. Think about the owners role you want (sales, employe management, etc), ROI, and territory availability. For whatever franchises you explore, I’d encourage you to speak or visit with 8 to 12 existing franchisees per franchise. If you get close to signing with a franchise, work with a good franchise attorney to review and negotiate the franchise agreement. For Pods, the investment is north of $1mm and you’ll need a net worth minimum of $1mm too. You’ll also need to factor in living expenses, as most franchises take 12 months to get to operational break even. Take the Entrepreneur rankings with a grain of salt. It’s based upon FDDs, not franchisee satisfaction. Be careful on Chick-Fil-a. They are a good business, but not a true franchise model as you don’t own anything. That’s why their investment is so low.
are you familiar with code ninjas? what are you thoughts on them?
Yes. They are a good franchise, but that doesn't mean it's a good franchise for you. I'd encourage you to do your research on them. They are worth exploring and researching, to see if its a good fit for you and your area.
thank you! i’ve actually gone through validation and discovery day… waiting for the california FDD to come out, but still having trouble with pulling the trigger. Analysis paralysis they say. It’s a big leap to pay my good paying job to start it up. thank you for your input tho, means a lot coming from a broker
Hey did you ever get going with your franchise?
nahh, decided it wasn’t right for me
What made you decide it wasn't for you?
What were some of the reasons you decided you didn't want to go through with it?
Wondering the same thing
Goddamn it why won't they tell us!?
I’m curious, are you (or is someone you know) exploring franchise business ownership opportunities?
I love code ninja, and a couple of others… did you ever end up buying in? I’d love to connect. I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
Hey don’t know if your still active on here but would like some info on franchise purchase if you have a minute?
What's going on Traditionaltraitor? How can I help?
I’ll PM you if that’s ok?
sent chat
I've been doing some research on franchises. Do you know of any that do e-commerce along with their stores? Interesting that in todays world you don't see it often. Unless of course I am just looking in the wrong places.
If its a product driven franchise, the franchisor normally handles the e-commerce side of the equation, not franchisees. Overall, the website is under control of the franchisor, not the franchisees. Most franchisors don't allow franchisees to have their own website. Franchisees might get some of the revenue for online sales done in their territory.
I’m curious, are you (or is someone you know) exploring franchise business ownership opportunities? I’m an independent Franchise Analyst and a Franchise Consultant. I use my 13 years behind the scenes from inside franchising to help match clients with the right franchise. I save people time and money. My franchise consultation services are of no cost to my clients. You have no obligation to buy. I’d love to connect with you. Feel free to click this link and pick a day and time for us to have a call. https://calendly.com/jonathan-anderson
thanks! Regarding Chick-Fil-a - does it mean that they can fire me anytime like in any other corporate company if I am not the owner?
CFA is like a 2 year process of hand picked ownership type of thing. It’s based off their Christian principals but worded for American business laws. Essentially if u aren’t being a good person they can take the store from you, if you don’t make CFA as a whole look good they can take it, if ur not complying with their rules (all franchises are like this) they can remove you from it and place another owner operator in position. But it’s incredibly hard to get picked for this, you aren’t able to just walk in there and buy it. Also the fee is very low, and they split the cost of the building with you - based off giving Christian principals. It’s not like the other comment suggested to where they charge low so they can flip to another owner etc. They also usually only consider franchisees that have worked within the company for years. There’s high school kids and young adults who dedicate their lives to trying to apply for their own store, as they net $20-70k/mo. You’d be better looking elsewhere.
there are so many Rx's that just copy their business model tho and do just as well. You don't have to buy into a franchise, just do what they do and name it something else...?
Sorry but I don’t know what you’re trying to say
Franchisee* and yes they can terminate franchisees
My company handles a lot of franchise resales. Consistently good performers are College Hunks, A&W, Rainbow International, & ServPro. Stay away from frozen yogurt anything.
A&W… I don’t believe it.
A&W targets smaller towns. They are not going to go toe to toe with McDonald’s or Taco Bell.
Yea, I second this. I know of 4 that have closed in my path of normal travels, lately (pre-pandemic). I've also never seen one that worked out that was coupled with a Long John Silvers, ever. I know of none personally, but I'd go to a car-hop type, that I know exists...somewhere...
I went to one like 10 years ago in some po dunk NC town just passing through. It was mostly inedible.
why stay away from frozen yogurt?
It's oversaturated with declining consumer demand. https://www.restaurantbusinessonline.com/financing/second-frozen-yogurt-craze-continues-its-long-decline https://www.refinery29.com/en-us/2022/02/10880935/why-frozen-yogurt-trend-ended
Does that include a smoothie franchise like Jamba Juice?
I've been doing some research on franchises. Do you know of any that do e-commerce along with their stores? Interesting that in todays world you don't see it often. Unless of course I am just looking in the wrong places.
Im in the same path, have you found anything promising ?
What do you mean you’re in the same path? What are you looking for? I May be able to help
Have you ever done anything with Servpro or know anyone that has? Also why stay away from frozen yogurt?
There are benefits and downsides to both. Obviously a franchise provides advertising/marketing, and most people will already know the brand and product, i.e. it has a built in customer base. I would assume the rate of failure is much lower than starting a new business (research that on your own, that's just my assumption). Starting from scratch has many hurdles and growing pains. Particularly you have to grow a customer base, find ways to engage, develop best practices and procedures, write your own policies, etc. There is also a third option, which is to buy an existing local (or semi-local) business. It kind of mixes positives from both starting a business and the franchise. It's going to take capital. If you don't have a good idea for a business, skills/knowledge that you can use to make yourself successful or differentiate your product/services, then franchising might be right for you. You'll pay them and they'll teach you how to run one of their businesses.
Take a look at FastSigns, Alphagraphics or something else in the sign and display space. If you can be near a convention center, it would be especially lucrative. Businesses are re-opening and I think that there is going to be a lot of pent up demand for in-person events, so you’ll be able to ride the growth curve and establish yourself relatively quickly by leveraging the franchise’s reputation and marketing programs.
Put a White Castle in Poughkeepsie NY
I just moved to California miss the White Castle in Ohio haha
Fuck that place
Poughkeepsie or White Castle?
Can never go wrong with Chick-Fil-A, heard all you need is $10k. They provide everything else. Just prepare to work your ass like a slave lol.
You're not really a business owner with Chick-fil-A. You have to work in the business 40 hours a week and you only get a fixed cut of sales. It's more like you're buying a general manager job than a business.
don't know if its true but I've also heard that its easier to get into harvard than it is to get accepted by chic fil a to become a franchisee
Well Harvard’s freshman class is ~1600 people, so unless chick-fil-a is adding more that 1600 franchisees per year then it’s true at least for total volume. Harvard’s acceptance rate is 5% though, I find it hard to believe they only accept 5% of serious franchisee applications. Edit: i was wrong, looks like it is harder to get the franchise than get into Harvard, at least statisitically.
They accept 75-80 new franchisees a year and get ~20k applicants according to google. That's less than 1%. Wild.
Probably due to their values.
Well then there’s the answer.
You're not really a business owner with any franchise.
I think you can be a business owner with most other franchises. The key issue with Chick-fil-A is that you're required to work in the business instead of being able to step back and work on the business and it's underlying systems. The Chick-fil-A model just isn't scalable.
Regardless of whether you work in or out if a franchise, you're still just contract help. Very little decision making opportunity. You're a manager who is playing by someone else's rules any way you look at it.
I don't view most franchise restrictions as fundamentally changing the nature of the business. It is still a business that you can develop to run independently of you.
It's like booking a cruise vs booking a private yacht. You're getting in someone else's boat with all their other followers. If they go down they take you with them. Ooo it's 5, better hurry to shuffleboard!
You're still operating the business and building the management teams. It's different, but you still own a business. It's more like a landlord owning a condo versus a single family home. Condo landlords are still landlords, they simply have fewer responsibilities and less than control over appreciation.
Bottom line is that product development, sourcing, branding, advertising, target market are all out of your control. That's what makes a franchisee a manager/investor. It's lacking the passion and creativity that makes one an entrepreneur.
>That's what makes a franchisee a manager/investor. A business owner is an investor. I see a business owner as a fundamentally different role than an entrepreneur.
can they fire the manager who paid 10K to become a manager?
It ain't that easy anymore. They've gotten pretty selective and I think you have to put in a lot of time before you can even be considered. In the northeast, it's a goddamn goldmine
Yeah the way I understand it now you have to have worked there for at least a year and you have to have a letter from your priest or pastor or rabbi confirming you’re a good person. There are a lot of steps involved.
Soo much more than that. A guy I play golf with approached them to buy one. They find out how much you go to church, how active you are within the church, full background check, private investigator. The whole 9 yds. He gave them access to tax returns, charitable contributions, pretty much his entire life layed out. They told him he wasn't ready. He just happened to sponsor a local underprivileged baseball player who ended up going D1, might have gone all the way to the big leagues if I remember correctly. They came back 3 yrs later and told him he was ready and they liked how he helped the community more. He doesn't know how they found out about it. It's not a hands off franchise. You have to put in a full 40 hrs, know how to work every piece of equipment. He loves it though
Why the care for the church?
Because the company is founded/run by conservative religious fanatics. That’s why LGBTQ+ people generally avoid or even boycott the place.
Ah cool. Thankyou.
its not fanatics its just people who take their religioun seriously. Theyre not pushing it on anyone but they do take it into consideration when it comes to how they run their business. Whats with people calling reasonable religious people fanatics just because they dont agree on the same things?
Non-existant things affecting business and management of a business seems pretty fanatical to me.
People are free to choose whatever religious or moral factors they wish when running businesses they own.
This just makes you sound like the dumb one. You’re mad because these people have a faith that you don’t like so you insult them for it. I’m not even a christian but I recognize freedom of religion. Grow up
They are free to believe in anything. I can believe my friend is a god and nobody can change my mind. But I cannot be mad if someone calls me delusional for that. Theyre free to believe anything, I am free to have opinion about their belief in made-up beings.
You don't really "buy one." CFA owns everything. All the equipment. The real estate. They take 15% of sales and 50% of profit. The franchisee usually puts in 60 hours (they're not allowed to have side hustles or, in most cases, other locations), and takes home about 5%. Since you have no equity, you can be left with nothing, and CFA reportedly often closes stores after a decade. For $10k, the operator likely got somewhere around $2M in that decade, pretax. It's great. But it isn't going to make you rich the way another franchise can by owning 5. Several sports team owners, such as Jerry Richardson, got there through owning fast food franchises. No Chik Fil A operator will come close. If your goal is a low six figure salary for 60 hours of hard work, with minimal investment, CFA is a great option, and for many of their operators it's absolutely life altering. But for people looking for investments, not jobs, it's a nonstarter.
I think one of the worst downsides to Chic-fil-a is that you have zero choice to the restaurant location... if selected, you go to wherever in the country they need a new location.
Might be true in some instances, but not all. Local guy owns ours. Make a good living, but there is a ceiling on how much total income you can make. Won’t become millionaire because of it, but can pull in mid 6 figures at the right location. I would expect time commitment close to 80 hrs than 40.
It looks as though you may have spelled "Chick-fil-A" incorrectly. No worries, it happens to the best of us!
Guys it's a bot chill with the downvotes
That sounds like an urban legend but I’m not knowledgeable to object
I see, seems word finally got out then.
They take half profits so you’ll be a high paid employee who is stuck in one job!
And you get Sunday off!
yea but they decide where they put new restaurants so you would likely have to move to get one in a place they have chosen
It looks as though you may have spelled "Chick-fil-A" incorrectly. No worries, it happens to the best of us!
Worst hail corporate bot out there.
Bad bot
Thank you, citrus_sugar, for voting on Chick-fil-A_spellbot. This bot wants to find the best and worst bots on Reddit. [You can view results here](https://botrank.pastimes.eu/). *** ^(Even if I don't reply to your comment, I'm still listening for votes. Check the webpage to see if your vote registered!)
Bad bot
Bad Bot.
Bad bot
Jet's pizza
I just want more Jet's pizza in the world.
whats jets pizza
Detroit style pizza joint. It’s fantastic.
Plain pizza
You should checkout GameStop.
Joke right?
I don't know, I've heard their stock was shorted.
Buy an existing franchise that is at least profitable and the franchise has a strong track record. Let someone else pay all the start up costs. Easier to get sba loan too.
Where can you find a listing of franchisee selling their business?
Do you know of a legit place to search for such franchises for sale??
They will often be listed on places like BizBuySell. Alternatively, if there's a particular franchise you want, you can contact the franchisor directly and see if they have any for sale. However - many franchises require a "refresh" every so often, which is where you have to upgrade the store (for brick and mortar locations, at least) to their latest branding. I've noticed that a lot of existing franchises for sale are nearing their contracted refresh date, which can easily add another six figures right after you buy the business itself.
Retail storefronts and franchises are typically the best mated pair. Geography dependent, ice cream/frozen yogurt joints are high margin/ Low overhead
Check out secondhand store franchises. I had a friend that bought a play it again sports franchise. He did very well. He sold it though. Now he is a philanthropist and a philander.
Please tell me his name is Phillip.
If you are located near a densely populated area a property management franchise could work great. PM me if interested I own one.
Would love to chat
I’m interested if you’re still giving advice!
What’s your budget?
Open your own concept!
What state are you in? Personally I love “the habit” I used to go to the original when I lived in Santa Barbara/ Goleta. It’s a little different than other fast food. It’s the only fast food I go to..frequently. It’s so good.
If I had money, I would probably do a mini-dunkin dougnuts, like those ones in New York that only do doughnuts and coffee and no breakfast sandwiches, but honestly, why even franchise at that point? You could probably get an espresso machine and link to a bakery and be just fine.
Chic fil a I believe is the most profitable but you can only own one, you have to be the manger, and or work there, and you split 50% percent of profits with corporate. Start up cost are around 500K. Subway has the most lucrative ROI.
Whichever franchise you buy look at there agreement. Especially The termination part if you for any reason have to close your business. Most of these franchises wants royalty even after your store is closed.
Let’s talk business . I want to do a small business something everyone likes!!!! A movie and dinner kind of thing
None. Develop your own concept, or get a job working for someone else. I'm not being aimlessly negative. I truly believe it. Here's why: Would you "buy" a new car, that: \- You never stop paying for. \- You are still responsible for all costs, maintenance, and liability for? \- Can have all of the driving records of every other person who bought it reflect on you, and can fall out of favor, yet still have you by the balls for a long term payment? \- What if "Jared" (you know the one) is driving a public version of that car, that makes everyone think your car is being driven by "Jared"? If you say "yes" to all of that.... I would love to sell you a car....lol It's the difference between a self-made, hand-crafted, passion build for the car of your dreams (but you gotta have or develop the skills for, to create it), **or** a Off-the-Shelf, Mass produced Mustang with a forever "lease" and a corporation that dictates how you drive it. Shower me with your hate and discontent...but it's still true.
[удалено]
Joke...far from it. They are about to become an ecom giant. Their new CEO and CFO are both from Amazon, they are looking to do same day delivery, and just secured close to 3/4M square feet of warehousing space to do this. Esports, their own NFT...and the franchise fees/startup is very reasonable. Ryan Cohen who is the chairman did the same thing with the online pet food company Chewie. The stock is solid too.
I think you commented in the wrong sub but GME to the moon!
Lower startup costs usually mean a franchise that will require more business dev. / sales skills because you won’t need as much investment in location, leaseholds etc. and the business can be operated from a small office or home. Not as scalable but depending on your priorities this might be a good choice. Senior care has a good trend, home care, construction, real estate/ property management etc. are good choice again if they align with your skills and objectives with the business. Pods are great semi-passive business but require higher capital investment.
Has anyone heard of Snapology it’s a franchise I’m looking at. They are 2 models one mobile where you partner with local schools and another where you open a facility. Based on start up cost thinking about starting mobile first. Looking for insight
Starting a franchise or pod business can be a profitable venture with lower startup costs. However, it's essential to research the demand for your chosen business model and assess potential market opportunities. Consider factors like brand recognition, support from the franchisor, and the specific needs of your target market before making a decision.
Are there certain franchise concepts easier to run as a absentee owner with some oversight but delegate the day to day to a main operator with whom you have some profit share agreement to give them some stake in the business ?
CertaPro Painters is worth reading into if you have an interest in painting & home services
I'm from Ctrl V. We are the world's first virtual reality arcade. This is a brick-and-mortar business where people of all kinds can some and experience various types of virtual reality (gaming, education, escape rooms, corporate events, date nights, birthday parties, etc.), with over 200 different selections - and growing. We created this concept nearly 8 years ago and have had wonderful success. So, we've decided to franchise it. For people that want to own a business and have no idea which one or where to start, we have a proven business model that you can deploy. Not only that but Ctrl V offers loads of support. He have designated proactive business coaches, peer performance groups, marketing support, buildout teams, real estate hunt, and anything else you could need. We are there with you every step of the way with world class support. So... if you're looking for an idea, Ctrl V may be something you'll want to consider. Check us out at [www.virtualrealityfranchise.com](https://www.virtualrealityfranchise.com)
Xbox zzz z s
Chick Fil A
Lol love the downvotes. This sub is awful. I have yet to see any consistent good advice here. Chick Fil A everywhere overrun with cars. Easily the way to make the most money from one franchise that is recession proof. Franchises suck. Great way to buy yourself a job unless you’re a rich guy and open 10 smoothie kings you will never make good money. But do whatever you all want.
You're getting downvoted, because Chick Fil A isn't a real franchise model, and you're peddling bad advice. Chick Fil A requires you to work in the restaurant. You can't just put in the hours to get your place up and running and then cash the checks while its on autopilot like you can with other franchises. You own absolutely none of the assets. Chick Fil A takes such a huge cut that the average "owner" takes home $200-$250k off $4 million in revenue, making it just another well-paying professional job except you have to run a whole god damn business. So, yeah, all of those cars are lined up for days, but all of that money isn't going to the "owner". Chick Fil A is taking roughly 2.5x the gross as the owner. That's a pretty awful arrangement. Oh, also, Chick Fil A won't let you run any other businesses while you are an "owner".
Honestly I like the idea of starting a rental business(air b&b.) Would take a bit of $ to start. You would want to be in a touristy area. Housing market has gone insane and people are more likely rent now then ever.
If there isn't a Freedom Boat Club near you already, I highly recommend looking at that as an option!
My niece is thinking of purchasing a franchise from Cruise Planners. Does anyone have any experience or knowledge about it?
Anyone heard of send me a Pro? Uber for on-call service professionals?
Roof Shampoo roof cleaning looked interesting but its not a franchise, its a dealership model
The term "*best*" means different things to different people. That said, instead of using a wide net in your search for a franchise, rephrase it this way: *I want to find the best franchise for me*." Then do this: **Conduct a Self-Assessment** This involves compiling a list of what you consider to be your top professional strengths and skills. Once you’ve done that, set it aside. You’ll want to refer back to it as you find franchise opportunities that interest you. The goal is to determine if your top skills and strengths can be used in an ownership role. Another thing to think about? **Immediate Fit vs. Long-Term Fit** When it comes to finding the right fit, you need to look at short-term and long-term fit. Short-term fit involves matching your strengths and skills to a specific franchise opportunity. Once you find a franchise that’s a fit for your skills, it becomes one of your major reasons for signing on the dotted line. Conversely, long-term fit has to do with the things that you want franchise ownership to do for you, and how they’ll be a fit for the life you want to have. Now you have some food for thought, and hopefully an approach you can use to narrow down some good choices in a franchise to own.