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re: If you had an opportunity, would you leave your current job to be a Chick-fi-la Operator?
Posted on 1/29/18 at 6:39 pm to Hammond Tiger Fan
Posted on 1/29/18 at 6:39 pm to Hammond Tiger Fan
In-and-Out Managers bank $160K a yr.
Posted on 1/29/18 at 7:30 pm to Hammond Tiger Fan
quote:
once it's starts running, it will basically run itself.
Running itself is what happens at the shitty Burger Kings and Popeyes.
It’s a lot of work baw. The reason chick fil a is run so well is that the franchisor only allows each franchisee to have a couple of stores max, so they can focus their attention on running one or two stores. Many other fast food restaurants are operated by absentee owners/ownership groups that own dozens of restaurants. They don’t care how shitty the service is because if they make 3 or 4 percent off of 20 stores then they are still making a bunch of money, while folks that only have a store or two are trying their hardest to make 15 or 20%, so they care about how it is run.
This post was edited on 1/29/18 at 7:33 pm
Posted on 1/29/18 at 7:31 pm to Hammond Tiger Fan
No, you can only have a few if that.
Posted on 1/29/18 at 7:38 pm to TheCaterpillar
quote:
And I believe you already have to have a good chunk of change on hand. Like Half million or so.
Its actually very low compared to competition. Its just light years harder to get accepted into the role.
quote:
The company asks operators to pay just $5,000 as an initial franchise fee. KFC, for example, demands $25,000 and a net worth of $1 million. Chick-fil-A pays for the land, the construction and the equipment.
And you have FAR less autonomy. That is why they're all top notch quality and service as opposed to other companies that have hit-or-miss locations.
That million dollar worth has an asterisk. Usually a large percentage of that worth has to be liquid, you can’t include your house, stocks, borrowed money, etc. They do that to ensure you have the funds required to operate properly. Like if a $50,000 walk-in cooler/freezer goes out, you have the money to repair it immediately
Posted on 1/29/18 at 7:39 pm to Hammond Tiger Fan
I wouldn't mind owning a few Chick-fil-as but I ain't trying to work there or anything.
Posted on 1/29/18 at 7:42 pm to OweO
That's the thing. You'd be there all the time. They have high standards and it cost more to operate a restaurant than people think.
Posted on 1/29/18 at 7:54 pm to dgnx6
Not necessarily. You put the right managers in place & you’re good.
You’ll occasionally see the BR franchise owners in their stores but not all the time. I hardly even see their daughter in there anymore.
You’ll occasionally see the BR franchise owners in their stores but not all the time. I hardly even see their daughter in there anymore.
Posted on 1/29/18 at 8:04 pm to woahnah
How much you suppose an opredator makes? I know two guys that are operators. Both live rather modest lives compared to what most people assume they make. Down to earth people, so it's hard to tell if they are just tight with their money or aren't earning big time salaries.
Posted on 1/29/18 at 8:06 pm to Black n Gold
I would bet a whole lot that they are wise with their money and have more than you would imagine.
You don't get rich buying shite.
You don't get rich buying shite.
This post was edited on 1/29/18 at 8:07 pm
Posted on 1/29/18 at 8:46 pm to Black n Gold
quote:
How much you suppose an opredator makes?
I was reading about the process a few years back. I want to say it was around 200K a year on average.
As for the process, the barriers to entry are less restrictive than other competitors in the industry. The fee is only $10,000 but the selection process is rigorous and there's a reason you're an "operator" not an owner. You can't sell your franchise for a profit, just get back your original franchise fee. You rent equipment from corporate. You're not allowed to have any job outside of CFA.
This post was edited on 1/29/18 at 8:52 pm
Posted on 1/30/18 at 7:15 am to woahnah
quote:
Not necessarily. You put the right managers in place & you’re good.
Absolutely. I've got 3 managers that could operate their own store under me. It makes life easy
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