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re: how hard is it to buy into a franchise business
Posted on 4/24/24 at 1:13 pm to BottomlandBrew
Posted on 4/24/24 at 1:13 pm to BottomlandBrew
A family member just started a men's barber shop franchise a month ago. They said they needed $500k to get the franchise then another $200k for the buildout of the storefront. First month open they did over $20,000 in total revenue, which was a little more than break even. Goal is to get to about $30-$32,000 a month so they can take home $10k a month. Then open another one.
They'll get there but they didn't do much market competition research, there were 13 other men's grooming places within a 20 mile radius of their place.
They'll get there but they didn't do much market competition research, there were 13 other men's grooming places within a 20 mile radius of their place.
Posted on 4/24/24 at 1:45 pm to HangingWithMrCooper
so 700k invested to take home 10k a month??
you can get 7k a month doing nothing and throwing it into QYLD or RYLD.
you can get 7k a month doing nothing and throwing it into QYLD or RYLD.
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