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Started By
Message
re: Restaurant franchise
Posted on 10/6/10 at 8:29 pm to EOT
Posted on 10/6/10 at 8:29 pm to EOT
EOT I could write a book about this topic.In fact, I might.Please listen to me.
RUN as fast as you can.
The failure rate in this economy is ASTRONOMICAL.
It's one of the worst bets you can make, especially considering the ROI involved.
You will NEVER get accurate numbers because failing franchisees don't like to admit it and struggling guys barely staying afloat don't like to tell you how thin their margins really are.
I do have knowledge of specific franchises if you want to name it or at least give me the segment/concept/drive-thru/QSR etc.
Off the top of my head i could give you the names of FIFTY bankrupted/ruined people with a half dozen concepts I have personal knowledge of.
Jersey can vouch that i'm legit although I would appreciate no mention of the specific brands I have had involvement with.
RUN as fast as you can.
The failure rate in this economy is ASTRONOMICAL.
It's one of the worst bets you can make, especially considering the ROI involved.
You will NEVER get accurate numbers because failing franchisees don't like to admit it and struggling guys barely staying afloat don't like to tell you how thin their margins really are.
I do have knowledge of specific franchises if you want to name it or at least give me the segment/concept/drive-thru/QSR etc.
Off the top of my head i could give you the names of FIFTY bankrupted/ruined people with a half dozen concepts I have personal knowledge of.
Jersey can vouch that i'm legit although I would appreciate no mention of the specific brands I have had involvement with.
1
Posted on 10/6/10 at 9:27 pm to EOT
quote:
Location would be in the 4th biggest city in the US.
You could just say Houston.
Posted on 10/7/10 at 6:15 am to EOT
"Anyone have any experience opening one? What are the pros/cons in your opinion? Biggest risks?"
Even the pizza joints around here are dropping like flys. 3 years ago there were five mom/pop pizza joints that delivered excellent pizza to our home...now there are none...and the few that are left are the crappy chain pizza joints that make crappy pizza. Same has happened with the good sea food restaurants...they are now surviving on their early bird special crowd...the people with blue hair and smell like pee.
Good luck.
Even the pizza joints around here are dropping like flys. 3 years ago there were five mom/pop pizza joints that delivered excellent pizza to our home...now there are none...and the few that are left are the crappy chain pizza joints that make crappy pizza. Same has happened with the good sea food restaurants...they are now surviving on their early bird special crowd...the people with blue hair and smell like pee.
Good luck.
Posted on 10/7/10 at 7:06 am to Rivers
quote:
.the people with blue hair and smell like pee.
Posted on 10/7/10 at 7:44 am to RedStickBR
Florida is a place full of people 'in retirement'...Consequently, we have lots of people with blue hair and they smell like old pee. I suppose when they reach a certain age they stop bathing...It's somewhat of a mystery among the non blue hairs and a frequent topic of discussion at watering holes.
I used to get irritated with them because of their attitude of entitlement. They retire, move down here from yankeeland, and decide they should change things.
I have noticed a marked difference in their behavior since most of them had their retirement nest eggs decimated during the financial meltdown. There are fewer of them on the roads, in malls, in restaurants and bars, and they don't blow their horns and scream at each other in parking lots now. They used to be really arrogant. Now they are sulky.
But, they listened to really bad 'investment advisers'...and now they are hurting. Now I almost feel sorry for them.
I used to get irritated with them because of their attitude of entitlement. They retire, move down here from yankeeland, and decide they should change things.
I have noticed a marked difference in their behavior since most of them had their retirement nest eggs decimated during the financial meltdown. There are fewer of them on the roads, in malls, in restaurants and bars, and they don't blow their horns and scream at each other in parking lots now. They used to be really arrogant. Now they are sulky.
But, they listened to really bad 'investment advisers'...and now they are hurting. Now I almost feel sorry for them.
Posted on 10/7/10 at 10:01 am to Cash
quote:
You could just say Houston.
Posted on 10/7/10 at 10:30 am to Lsupimp
Pimp,
Email me at toodrunk2call AT netscape DOT net. We can chat offline.
Email me at toodrunk2call AT netscape DOT net. We can chat offline.
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