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I moonlight at walmart on the weekends and on afternoons and one thing I always want when I’m there is a slice of pizza. There is a pizza place across the street, but I have to actually go out to my car and cross 4 lanes of busy traffic to get there. I make 45k a year from my teaching job and 16/hour from my pharmacy assistant job, and work on average about 30 hours a week in the pharmacy. It wouldn’t take me long to save and purchase a Sbarro franchise for my store. My question is how I can calculate if I can cover my overhead as well as how long it would take to recover my initial investment once I start selling pizzas.
I don’t expect this to be a huge money maker, but I will only move forward if I’m reasonably sure it will have positive cash flow.
You can't afford it... nearly half a million to buy into it but cost aside, if you are asking here and your idea stems from working at walmart, you probably aren't going to run a business well without a lot more experience other than you don't want to go to your car to get food
how do you imagine this to be a "positive cash flow" when you work 3 jobs as it is? this isn't some rent-a-business, you have to be there all day every day to make sure no one is stealing from you and to manage it
don't go into business expecting it to "not" be a "huge money maker", if your goal is breaking even or a slight profit, go flip a house and rent it out
I moonlight at walmart on the weekends and on afternoons and one thing I always want when I’m there is a slice of pizza. There is a pizza place across the street, but I have to actually go out to my car and cross 4 lanes of busy traffic to get there. I make 45k a year from my teaching job and 16/hour from my pharmacy assistant job, and work on average about 30 hours a week in the pharmacy. It wouldn’t take me long to save and purchase a Sbarro franchise for my store. My question is how I can calculate if I can cover my overhead as well as how long it would take to recover my initial investment once I start selling pizzas.
I don’t expect this to be a huge money maker, but I will only move forward if I’m reasonably sure it will have positive cash flow.
Without reading any of the other responses -- I am remembering that Sbarro's went out of business? Or am I wrong about that?
Sbarro's went bankrupt twice, but they came out of it and are still operating with about half the locations they originally had. The estimated cost to set up a franchise is a low of $355K to a high of $675K.
Sbarro's went bankrupt twice, but they came out of it and are still operating with about half the locations they originally had. The estimated cost to set up a franchise is a low of $355K to a high of $675K.
Thanks. Seems like a lot of money to invest in a chain that doesn't appear to know what they are doing.
You're just one get-rich-quick scheme after another, aren't you?
Yeah, it sucks to build personal wealth on hourly pay. But short of a winning lottery ticket or robbing banks, it's the only way to get to a level where you can fund a career investment, be it a one-man agency of some kind or a franchise. Trying to do the latter on the most frayed shoestring just means you'll be back to a long stretch of hourly paychecks soon.
Why pay franchise fees? You can buy all the equipment and get really good instructions on how to use it. All the food is available at the restaurant supply store. Information about making pizza is online. Walmart will tell you how much rent they want.
Good frozen pizza dough is available at the restaurant supply store.
Local cabinet makers will help you design counters and tell you how much to make them. Ditto for flooring, paint, computers, everything you need.
If you can keep the price down, it should work well to sell by the slice in Walmart (if their hot deli doesn't already sell pizza.)
It is a full time job, supervising, training employees, filling in when workers don't show up.
Why pay franchise fees? You can buy all the equipment and get really good instructions on how to use it. All the food is available at the restaurant supply store. Information about making pizza is online. Walmart will tell you how much rent they want.
Good frozen pizza dough is available at the restaurant supply store.
Local cabinet makers will help you design counters and tell you how much to make them. Ditto for flooring, paint, computers, everything you need.
If you can keep the price down, it should work well to sell by the slice in Walmart (if their hot deli doesn't already sell pizza.)
It is a full time job, supervising, training employees, filling in when workers don't show up.
Do you know of a Wal-Mart that's going to let in an independent pizza joint that's owned/operated by a neophyte restaurateur?
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