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re: Chick-Fil-A Operator Income
Posted on 3/20/17 at 1:25 pm to tiger rag 93
Posted on 3/20/17 at 1:25 pm to tiger rag 93
quote:
You saying the owner/operator is pulling down $2.4M a year? Or the store is doing $2.4M profits?
No operator of a single fast food restaurant location is making $2.4M.
LOL you clearly know nothing about small businesses and potential profits. I have a a truck stop that's a cash cow and does almost $20m/year in sales. Yes gas margins aren't high, but inside sales + slots + lottery have made me an income you wouldn't believe.....from 1 location. I have a few others who don't do nearly as well but nobody is investing $2-3M in a fast food/grocery location without making alot more than you think.
2
Posted on 3/20/17 at 1:31 pm to dabigfella
My dad is a fast food restaurant owner/operator...I have some knowledge on subject.
I would guess there is almost no person who makes $2.4M in personal profit from a SINGLE fast food restaurant. Yes, there are operators who own multiple restaurants who probably make that much. But not off of one location.
Also, you referenced a truck stop that makes 20M a year. A good Chikfila will make $4M a year. Little different scenarios and comparing apples to oranges, really.
I would guess there is almost no person who makes $2.4M in personal profit from a SINGLE fast food restaurant. Yes, there are operators who own multiple restaurants who probably make that much. But not off of one location.
Also, you referenced a truck stop that makes 20M a year. A good Chikfila will make $4M a year. Little different scenarios and comparing apples to oranges, really.
This post was edited on 3/20/17 at 1:34 pm
Posted on 3/20/17 at 1:34 pm to dabigfella
quote:
LOL you clearly know nothing about small businesses and potential profits. I have a a truck stop that's a cash cow and does almost $20m/year in sales. Yes gas margins aren't high, but inside sales + slots + lottery have made me an income you wouldn't believe.....from 1 location. I have a few others who don't do nearly as well but nobody is investing $2-3M in a fast food/grocery location without making alot more than you think.
We are talking about fast food restaurants though. And Chick-Fil-A in particular. We know that actual cash investment is only $5000. We also know that the average revenue (in 2015) is $3.9 million and that 65% goes to corporate leaving gross revenue of about $1.75 million from which the operator has subtract all its costs (labor, food, etc.). What we are trying to figure out is what the operator makes on average after all of the operating expenses and corporate takes its cut.
This post was edited on 3/20/17 at 1:41 pm
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