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re: how hard is it to buy into a franchise business
Posted on 4/24/24 at 10:06 am to LordAkri67
Posted on 4/24/24 at 10:06 am to LordAkri67
quote:
And we was discussing jobs and what not but what if we took 150-200k and threw it at a popular franchise business...
$150k maybe in 1998, today? You probably need closer to $1mil for most decent franchises.
Think about this, if you could start a franchise with $200k and hire a competent GM for $80k and make money then there wouldn't be many franchises available.
Starting a franchise blind takes a lot of hard work, a lot of luck, and a lot of money.
A large portion of the success from a franchise will depend on your labor, labor cost, and rent cost.
ETA: Moving to a new area you have no experience with and starting a NEW franchise to you seems like a really bad idea to me. It would be one thing to have experience with the franchise and then move to open a new one.
This post was edited on 4/24/24 at 10:11 am
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