AngryBeavers LSU Fan Member since Jun 2012 1541 posts Online
Any Money Boarders own a franchised business? (Posted on 10/3/12 at 10:32 am)
If so which one did you buy into and how do you like it? I always see articles about franchise ownership and am just curious how someone's personal experience is with it.
Slickback LSU Fan Deer Stand Member since Mar 2008 21970 posts
re: Any Money Boarders own a franchised business? (Posted on 10/3/12 at 11:03 am to AngryBeavers)
I looked hard into it over the past few years, but never made the jump.
When I was finally ready to do it and pinpointed one as a "sure fire" success, I called the exec of franchising, he said the territory was just awarded about a month ago.
Now I'm anxious to see where they put it and how successful it will be.
I have a few more in mind for more of secondary incomes, but need to get my career lined out first.
AngryBeavers LSU Fan Member since Jun 2012 1541 posts Online
re: Any Money Boarders own a franchised business? (Posted on 10/3/12 at 1:41 pm to Slickback)
I've never met anyone that owns one but I would imagine you have to be heavily involved the first couple years to get it going, pretty much a full time job.
Im4datigers LSU Fan Northern Virginia Member since Oct 2003 2986 posts
re: Any Money Boarders own a franchised business? (Posted on 10/3/12 at 3:20 pm to yellowfin)
quote: In my opinion, its tough to make a decent profit when corporate is taking their percentage of GROSS sales
This...the only way you can turn a decent profit and living off of one is to 1) work it 24/7 and 2) own multiple locations. Seems like the number to hit for decent money is 10 (locations).
toopotent LSU Fan New Orleans Member since Oct 2010 45 posts
re: Any Money Boarders own a franchised business? (Posted on 10/3/12 at 10:07 pm to Im4datigers)
depends on the type of business. Fast food or even food for that matter, you definitely need more than one to do well. I don't necessary agree with working it 24/7 but you need to have a good system in place so that you dont have to be there 24/7.