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"the location i have in mind is near one high school and a middle school "
You really, REALLY don't want to do this. I worked on 167th St and 163rd St in North Miami for a while and almost ALL the restaurants and fast food places either banned students completely or had severe restrictions on them. Once they find they have a place that allows them to hang out, it becomes a meeting place where they crowd out paying customers and discourage others from even getting out of a car. I won't go into what happens when gangs get involved. You are far better getting a franchise where there are a number of local businesses and you can grab the lunch crowd.
A friend of my mothers would disagree with you on this one.
While subway franchisees do ok financially, its usually because they usually own multiple franchises. I heard (yes, take it as a "I heard" posting) that her average Subway franchise pulls in about $25K a year after all of the overhead is paid, which means one would need 4-5 of them to make a decent living.
In my opinion, (and again, yes its my opinion), the return isnt worth the type of investment required and the amount of work involved.
It's true you need to own multiple subways to have a large cash flow (if run properly). However, compared to other sub franchises, Subway is probably the best (financially speaking).
"the location i have in mind is near one high school and a middle school "
You really, REALLY don't want to do this. I worked on 167th St and 163rd St in North Miami for a while and almost ALL the restaurants and fast food places either banned students completely or had severe restrictions on them. Once they find they have a place that allows them to hang out, it becomes a meeting place where they crowd out paying customers and discourage others from even getting out of a car. I won't go into what happens when gangs get involved. You are far better getting a franchise where there are a number of local businesses and you can grab the lunch crowd.
If I got into a fast food franchise I'd try for one in a downtown food court in an office building - & have breakfast and lunch offerings. Higher rent - but predictable traffic, better crowd, shorter hours, and no weekends.
Why do you need to pay for a franchise to figure out how to make a sandwich?
Better question is, why do you assume that learning how to make a sandwich is the only reason to buy a franchise?
If I were to buy a franchise, I'd want one with enough cash flow to make it worthwhile for me to hire a manager to run the store. Let the manager deal with the day-to-day BS, and collect whatever is left over. All the while making random spot checks to keep things in line, of course. Being an hourly wage slave is one thing, it's a whole other bag of chips to be the general manager. Who wants to work 12-16 hour, 7 day work weeks for a salary that barely cracks into the middle-class layer? I don't know why anyone would want to go through life being married to a fast food joint.
I'd buy a franchise, save up some cash and build up a resume, start another franchise to be run independently of its owner, rinse and repeat. Before long you could be raking in six figures while being on vacation 10 months out of the year.
You couldn't pay me to be in the fast food biz. The big firms have you on a treadmill to make money -- for THEM.
My nephew and his wife worked for Pizza Hut for years, as managers, not franchisees. All they got were lots of hollow promises, long hours, no advancement, no respect, and anti-semitism to boot. They've long since gone elsewhere, to their great satisfaction. The competition in fast food is fierce, almost impossible to make any money when you sell pizza's or footlong subs for $5 or bust your butt making the "dollar menu" work.
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