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In honor of YankeeFan -- a franchise opportunity!

Discussion in 'Sports and News' started by da man, Jan 13, 2016.

  1. da man

    da man Well-Known Member

    You can get a Chick-Fil-A franchise up and running for next to nothing, says Business Insider.

    It costs almost nothing to open a Chick-fil-A

    Despite its success, Chick-fil-A charges franchisees only $10,000 to open a new restaurant, and it doesn't require candidates to meet a threshold for net worth or liquid assets, the company told Business Insider.

    That's cheaper than every major fast-food chain in the US.

    McDonald's, for example, requires potential franchisees to pay between $955,708 and $2.3 million in startup costs — including a $45,000 franchise fee — as well as have liquid assets of at least $750,000. Taco Bell's startup costs average $1.2 million to $2.5 million and the company requires a minimum net worth of $1.5 million and liquid assets of at least $750,000.

    Chick-fil-A, on the other hand, pays for all startup costs — including real estate, restaurant construction, and equipment.

    In turn, the company leases everything to its franchisees for an ongoing fee equal to 15% of sales plus 50% of pretax profit remaining, Chick-fil-A spokeswoman Amanda Hannah told Business Insider.

    "The barrier to entry for being a franchisee is never going to be money," Hannah said. "We seek to find the very best business partners who find great joy in making other peoples’ days. They do so with a combination of great business acumen, an entrepreneurial spirit, and a passion for serving others."
     
  2. JackReacher

    JackReacher Well-Known Member

    Oh, it's still not as easy as you think. You still go through a very thorough vetting process. There are, um, certain standards you're expected to meet or exceed in order to get one. I know a former CFA manager and he said he absolutely loved his time working for CFA.
     
  3. SFIND

    SFIND Active Member

    I want to own one and prohibit all small talk from employees to customers.
     
    JackReacher likes this.
  4. JohnHammond

    JohnHammond Well-Known Member

    Problem is you have to work hard. Some are allergic to hard work.
     
    YankeeFan likes this.
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    They take 15 percent of sales plus 50 percent of pretax profits. In essence you are a glorified employee who gets paid on a commission basis, rather than on a per hour basis.

    Of course you are risking very little, other than your sweat equity. Which may be appealing to some people. But as with everything else, the cap on the reward is commensurate with the risk. In this case, you are looking at low risk, low potential reward.
     
    sgreenwell likes this.
  6. I want to start a knock off store that's open only on Sundays.
     
  7. Brian

    Brian Well-Known Member

    I wonder if Chik-Fil-A has ever thought about developing an automated chicken sandwich vending machine to bypass that whole day of rest thing.
     
  8. Baron Scicluna

    Baron Scicluna Well-Known Member

    It's not "Chik-Fil-A", it's "Chick-Fill-B"
     
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