Open Side Menu Go to the Top
Register
About How Much Do Fast Food Franchise Owners Make? About How Much Do Fast Food Franchise Owners Make?

12-08-2012 , 10:27 PM
30% of McDonald's sales are in breakfast, they totally dominate the market.
About How Much Do Fast Food Franchise Owners Make? Quote
12-09-2012 , 10:09 AM
Quote:
Originally Posted by TitsMcgee
Anyone here familiar with Little Caesar's pizza franchises? They''re always packed here in TN and those Hot n Ready's are the nuts. Looks like its 20k for the franchise fee and an avg. of 300k initial investment.
The one where I live (small town only 20K people) it's dead everytime I go in. They used to have a coupon in the local ad paper for $3.99 pizza and 1.99 crazy bread, my wife and I used to get a movie and do that all the time. Sadly I don't think we ever ran into a single other person (small sample size ldo)
About How Much Do Fast Food Franchise Owners Make? Quote
12-09-2012 , 11:39 PM
Quote:
Originally Posted by RikaKazak
The one where I live (small town only 20K people) it's dead everytime I go in. They used to have a coupon in the local ad paper for $3.99 pizza and 1.99 crazy bread, my wife and I used to get a movie and do that all the time. Sadly I don't think we ever ran into a single other person (small sample size ldo)
They're only located in low income areas here is Nashville, so its probably a challenge for them to get the large pizza orders that offices, companies, and churches place. I remember when my buddy worked in a downtown pizza hut, that was a big chunk of their revenue.

I wonder if I can open a Little Caesar's and add delivery, obv do like a $15 min per order.
About How Much Do Fast Food Franchise Owners Make? Quote
12-10-2012 , 05:18 AM
Quote:
Originally Posted by TitsMcgee
Anyone here familiar with Little Caesar's pizza franchises? They''re always packed here in TN and those Hot n Ready's are the nuts. Looks like its 20k for the franchise fee and an avg. of 300k initial investment.
Woah, you have to pay them to open a Little Caesar's??!?
About How Much Do Fast Food Franchise Owners Make? Quote
12-10-2012 , 05:57 AM
hmm, forgot to account for Sundays off in the Chik-Fil-A sales per unit. If you do that, it's almost 33% more than McDonald's. Pretty ridic unit sales.
About How Much Do Fast Food Franchise Owners Make? Quote
07-29-2013 , 08:46 AM
it provokes me to think of great success in franchising. Truthfully, I know little about it. I read the thread and as a professional poker player for ~9 years I know what it feels like to operate I business. I'm not a businessman, I'm a business man (Hove). Even as a teen and young lad I often thought of owning a business to happiness and financial success, its kind of funny that it took part so early with poker.

Reading the thread had its ups and downs, some thinking there is hope and some not. Mostly though it comes down to offering that product in the right place at the right price. Finding and branding that product is what is hard, perhaps that is by far the most important followed by hard work and brains. I fear that as a franchise though you would be sometimes handcuffed by corporate, which has been stated. Also, sometimes corporate can certainly lead you into the right direction.??? But seeing and loving things I buy, I certainly think these things could be sold elsewhere, where i would come into play as the franchisor. I guess from here I want to continue researching and reading more about it, and at the same time think most importantly; what product and where at and why?

Anyone have good reading material on the matter?

It's kind of sad that I do have entry to a product on commission based sales, it is not a franchise but a startup, I guess you could say; but I have put minimal effort into it. All the while said opportunity would possibly be a lot like a franchisor and that particular work (sales) has not motivated me at all. In fact the thought of grinding out smiles and handshakes to sell a product kind of depresses me but again I have never given it a real effort. maybe I'm missing my calling here. (rant?)
About How Much Do Fast Food Franchise Owners Make? Quote
07-29-2013 , 08:47 AM
Quote:
Originally Posted by Adebisi
At the McDonalds by me, they bring all of the workers in from the ghetto. A few have been there for 10 years plus and live like an hour away. One of my friends worked there in high school for a month or two. He stole everything that wasn't bolted down. We were still vandalizing buildings with the big cardboard tubes of Big Mac sauce 6 months after he got fired.
winning
About How Much Do Fast Food Franchise Owners Make? Quote
08-11-2013 , 11:38 AM
Does anyone know the profitability of Moes Southwest Grill? With the overabundance of McD's, Subway and the others, I'm looking for something different. This would be my first franchise...if it looks worth it after I do some more research.
About How Much Do Fast Food Franchise Owners Make? Quote
08-11-2013 , 02:05 PM
Quote:
Originally Posted by Blue Turtle
Anyone know where I can find average annual sales for a Domino's Pizza Franchise or any information about Franchise sales? Tried searching all over google, but no success yet.
Not much point owning a Dominos when you can just open your own pizza place. There are thousands of pizza shops in a big city but no one can replicate McDonalds.
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 11:51 AM
Quote:
Originally Posted by bjornb
Not much point owning a Dominos when you can just open your own pizza place. There are thousands of pizza shops in a big city but no one can replicate McDonalds.
Getting business for a random pizza place is almost always going to be harder than a known entity.
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 12:18 PM
Someone opened a Dairy Queen near me and two months later there are still huge lines going out onto the shoulder of the highway. I don't even know what is so great about it.

http://www.reddit.com/r/longisland/c...pequa_sunrise/
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 12:24 PM
Quote:
Originally Posted by TimM
Someone opened a Dairy Queen near me and two months later there are still huge lines going out onto the shoulder of the highway. I don't even know what is so great about it.

http://www.reddit.com/r/longisland/c...pequa_sunrise/
Have you tried it yet? Good burger and great soft serve ice cream. Blizzards.

Good, cheap, fast food. What don't you get?
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 12:40 PM
Quote:
Originally Posted by ship---this
Have you tried it yet? Good burger and great soft serve ice cream. Blizzards.

Good, cheap, fast food. What don't you get?
I can't eat that kind of stuff right now. I guess I don't get that the novelty hasn't worn off yet, and there are already dozens of fast food joints in that area.
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 01:11 PM
my girlfriend opened a subway last year and in her first year netted 60k. i'm not really sure on what her total investment was to be honest i never really asked her much about it. but I believe it was in the range of 200k i know they required her to have 150k cash in hand or securities/investments.

She opened hers adjacent to a college and it was built apart gas station that her uncle already owned. it is a 24 hour subway and does well between like midnight and 3am when college students are drunk/hungry.
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 04:01 PM
In that location I imagine it would do quite well.

Does she work there and if so is the $60k before or after she pays herself?
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 09:57 PM
she helps out where she can, but is currently in med school and does not really work there. she will cover people who request vacation or sick time. one time she was really in a bind and i had to work there one shift.

I do know that subway takes 7% of gross sales per week, mainly for advertising costs.
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 10:07 PM
Quote:
Originally Posted by hohummm
Does anyone know the profitability of Moes Southwest Grill? With the overabundance of McD's, Subway and the others, I'm looking for something different. This would be my first franchise...if it looks worth it after I do some more research.
maybe I need to give it another try but I wasn't to pleased with my first experience. I kind of group it with chipotle and qdoba and as stated I haven't went back but I love chipotle
About How Much Do Fast Food Franchise Owners Make? Quote
08-12-2013 , 10:58 PM
Quote:
Originally Posted by bjornb
Not much point owning a Dominos when you can just open your own pizza place. There are thousands of pizza shops in a big city but no one can replicate McDonalds.
Most people I know do not want to chance it on some random pizza place when they want pizza. They order from Dominos/Pizza Hut because it's predictable and very often better than the local stuff. (Depends on the area, obviously. Some places like NYC, NJ have tons of great pizza places.) THIS is why these two companies dominate the national pizza sales volume. There is real value in carrying their name. Additionally, Dominos has lots of other stuff too. Hot subs/deserts/etc... mostly pretty good. And they have each product cost and formula down to a science.

IF I was interested in buying a franchise (and had the money, lol), I would resist the temptation of buying whatever is hot in the last 3 years. It seems like there is a pretty decent boom/bust cycle for these "novelty" franchises that have some random concept and a business formula that hasn't been proven by decades of success. One year, they have lines out the door and three years later they're closing their doors. This is why I would rather buy into a MCD/Subway/Dominos. It is hard to screw up burgers, sandwiches, and pizza. All 3 will be in high demand forever in the USA and with the franchise support/suppliers you should be able to do better than random locals starting their own burger/sandwich/pizza places.

But ultimately, I am concerned with the big cost of franchising and how they seem to take a cut of everything...

There are industry coaches/consultants that you can fly out to help you start your own X restaurant and I think this is money better spent. A pizza place expert can analyze your location, food/etc costs, menu strategy, etc to guide you in the right direction. And if things are going poorly, you can consult them to solve your problems. This seems like a better way to go. That's what I would do instead of a franchise, unless there is some buy-back provision if your franchise is not doing well.
About How Much Do Fast Food Franchise Owners Make? Quote
08-13-2013 , 05:58 PM
on the other hand, if you make good ***** pizza, and do it pretty consistently then word will get around quick. And you can charge a little extra and dont have to pay up to dominoes or whatever. People will recommend this to each other. The reason so many of these places suck and fail is that they simply arent above average and the owners kind of lose interest in keeping up quality high after a while. Or they never do in the first place. If your on 2p2 and your a winning poker player your already smarter then like 90% of the people out there setting up restaurants. So if your motivated i think you have a much higher chance of succes then average.

It always amazes me how all of those gordon ramsey fail restaurants fail so incredibly hard. And they never get like simple ideas to walk around int he neigbour hood to see what kind of place isnt there yet.

Also thoughts about treating cab drivers free meals every once in a while and ask them to recommend you when they drive by your place with people in the car? Especially if its a smallish tourist area.
About How Much Do Fast Food Franchise Owners Make? Quote
08-13-2013 , 07:08 PM
Quote:
Originally Posted by dc_publius
Most people I know do not want to chance it on some random pizza place when they want pizza. They order from Dominos/Pizza Hut because it's predictable and very often better than the local stuff.
You kidding?? All the independent pizza shops I know of make a much better pie then a chain. They are more expensive yes, that is why people goto little ceasars, because it's cheaper not better.
About How Much Do Fast Food Franchise Owners Make? Quote
08-13-2013 , 07:10 PM
There is always the temptation to reinvent the winning formula instead of paying someone for the formula. It's usually a lot of heartache and there is guarantee of figuring it out and knowing you don't have major leaks.

I've never seen the Ramsey show, but I have a feeling that they pick out atypical failures. Is there ever a time when he tells someone to ditch the sushi idea for a pizza place or close completely because the demographics of the area can't sustain their place? Does he ever tell people that they need to renegotiate their lease because it's unsustainable? Does he ever tell people that their menu isn't going to work because of food costs? From youtube clips I saw, it seems like the focus is on stupidly-easy issues like rude waiters.

Interestingly enough, I'm thinking of picking up a triplex in ghetto North Philly that has a small commercial space as well (that is currently empty.) I've been thinking of a NYC pizza place for a long time and if I pull the trigger on the property and if I can find a decent used commercial oven, I might give it a shot... maybe...
About How Much Do Fast Food Franchise Owners Make? Quote
08-14-2013 , 12:13 AM
he does actually, especially in earlier seasons. but it appears the stupid stuff sells better
About How Much Do Fast Food Franchise Owners Make? Quote
08-14-2013 , 12:42 AM
Quote:
Originally Posted by TimM
I can't eat that kind of stuff right now. I guess I don't get that the novelty hasn't worn off yet, and there are already dozens of fast food joints in that area.
Dairy Queen is not your typical fast food joint, people do not go there for food, they go for ice cream, and there are a couple hot dogs/burgers on the menus just to give the starving people something. This is an ice cream joint.
About How Much Do Fast Food Franchise Owners Make? Quote
08-14-2013 , 03:06 AM
Quote:
Originally Posted by TimM
Someone opened a Dairy Queen near me and two months later there are still huge lines going out onto the shoulder of the highway. I don't even know what is so great about it.

http://www.reddit.com/r/longisland/c...pequa_sunrise/
its new bro people love to try new cheap sh*t
About How Much Do Fast Food Franchise Owners Make? Quote
08-14-2013 , 04:00 AM
Quote:
Originally Posted by onemoretimes
You kidding?? All the independent pizza shops I know of make a much better pie then a chain. They are more expensive yes, that is why people goto little ceasars, because it's cheaper not better.
Depends on the area. NYC/NJ are very strong in pizza. But DC area is very weak. The best options are Dominos and some of the independents that have $30 pizza pies with random gourmet toppings. The ******ed 'jumbo' slice places are popping up everywhere, and $5 pizza pies with fake cheese and horrible taste seem to do really great with broke college kids.

I would say that 90% of independent pizza places in DC area are horrible. They're not just bad, but horrible. I tried a ton of them in my search for a good NYC-style pizza pie.

As for Philly, I'm not sure as I don't know this city all that well.
About How Much Do Fast Food Franchise Owners Make? Quote

      
m