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Old 11-17-2009, 07:20 PM
 
1,139 posts, read 3,465,434 times
Reputation: 799

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Am sure everyone did 'dream' or 'want to' quit their full-time job and buy another business or atleast run it on a part time basis to have alternative income.

The recession may have changed your plans but are you still considering it?

Business Week had an article on the evolution of 'Subway's $5 Footlong' and it seemed like successful entreprenuers had 5, 10 and even 50 franchises.

Do you really need to have several franchises to make decent money?

Does anyone here own a franchise here?
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Old 11-18-2009, 08:16 AM
 
Location: East Tennessee
3,928 posts, read 11,596,703 times
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Not me personally, but a family I recently worked with has 19 Burger Kings .
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Old 11-18-2009, 04:09 PM
 
Location: Naperville, IL by necessity; Pinellas by choice
214 posts, read 678,289 times
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Depends on the franchise and buy-in can be VERY expensive. I've looked into a couple of companies and decided not to invest, at least not yet.
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Old 11-18-2009, 05:06 PM
 
Location: East Tennessee
3,928 posts, read 11,596,703 times
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A good place to search for franchises is BizBuySell.com.
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Old 11-18-2009, 05:27 PM
 
1,139 posts, read 3,465,434 times
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Quote:
Originally Posted by TampaKaren View Post
Not me personally, but a family I recently worked with has 19 Burger Kings .
I guess that's how millionaires are made...

Am hoping there would be more franchise owners who will come forward and post their experience(s)..
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Old 11-18-2009, 09:40 PM
 
515 posts, read 1,179,850 times
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That's the kind of thing where there is likely to be a dedicated 'community' website with its own set of forums.
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Old 11-19-2009, 04:20 AM
 
5,453 posts, read 9,296,782 times
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Quote:
Originally Posted by TampaKaren View Post
Not me personally, but a family I recently worked with has 19 Burger Kings .
That's horrible.....get rich making people fat! that's the way to become a millionaire! sorry I can't help it, I hate fast food......

However, how about YOU coming up with a healthy franchise? something that would keep people healthy? and then you franchise THAT to others......and maybe this way we can lower that 60% of the population being overweight and diabetic and lower some medical bills!!!!!!!!!!!!!!!!!!!!!!??? how's that?
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Old 11-19-2009, 06:12 AM
 
1,139 posts, read 3,465,434 times
Reputation: 799
Quote:
Originally Posted by algia View Post
That's horrible.....get rich making people fat! that's the way to become a millionaire! sorry I can't help it, I hate fast food......

However, how about YOU coming up with a healthy franchise? something that would keep people healthy? and then you franchise THAT to others......and maybe this way we can lower that 60% of the population being overweight and diabetic and lower some medical bills!!!!!!!!!!!!!!!!!!!!!!??? how's that?
Am sorry. No one is asking you to visit the non-healthy franchise & eat your meal.
You have a CHOICE.

Anyway, am not here to debate what's healthy and unhealthy. so, please lets stick to the topic.

Am just surprised at the anecdotal evidence that owning 1 or 2 franchises just won't cut it out..you have to own several to make a decent living...
Is this the same for all franchises? Auto Mechanic Shops? Tax Services? Fast Food Places?
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Old 11-19-2009, 08:42 AM
 
27,213 posts, read 46,724,071 times
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Some are asking a real high franchise fee that in order to make money you really have to have a low rent and other low costs otherwise you are just working for the franchiser and not making any money your self.

A lot of Westshore pizza's are for sale...
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Old 11-19-2009, 08:59 AM
 
5,453 posts, read 9,296,782 times
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"Am just surprised at the anecdotal evidence that owning 1 or 2 franchises just won't cut it out..you have to own several to make a decent living...
Is this the same for all franchises? Auto Mechanic Shops? Tax Services? Fast Food Places?"

and it is over $200k to own ONE.......imagine having to buy more that one? I think with the money spent on one, you can actually open an original shop...............and end up making more money for yourself....
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