View Single Post
#6
05-14-2014, 04:20 AM
Senior Member
Joined in Aug 2011
5,713 posts
By the way, running a franchise can be an absolute nightmare in some cases. A relative of mine ran one (that was kind of like Subway) in the late 80's early 90's and tricked us into working for him. He didn't pay us after 6 months so we quit with nowhere to turn, but I digress.

The problem was that the franchises take their 8% or whatever off the GROSS sales. That means that they don't care if you made a profit or not, they still want their money. In the early 90's, there weren't that many Sub sandwich places so it was still somewhat of a novelty but even then, we'd have to break our backs and come there 9 in the morning until 10 at night to get all the stuff ready, make sure to throw out bad food, deal with asshole customers, health department, employees who stole money (real employees were getting paid), repairs, etc.

Now days, there is a Subway or Quiznos at every corner and in the case of Subway at least, their employees are some of the lowest paid, even by fast food standards so if you do get into the business, chances are, you're going to have to be there yourself all day as margins are so low and competition is so fierce that you can't afford to hire more than a couple of employees around the lunch rush and that will become your entire life. And that is IF you're lucky enough to find a busy location.

Not wanting to be a pessimist but just know what you'd be getting into. I was around 12 when the relative mentioned above was borrowing money for his restaurant from another relative and was asked "You're an engineer, what do you know about running a restaurant?" . You'd need an answer better than "It's not that hard, the franchise gives you everything you need". Here is a nice little link on the various franchises...the one I worked at is in there too:
http://20somethingfinance.com/battle...y-jimmy-johns/

Edit, I went back to bed after writing this and had horrible horrible Blimpie nightmares.
__________________
Late 40's Dreamer (Holy Fucking shit I'm almost 50 and still dealing with this), aged out of original DACA and didn't have a chance to apply for extended DACA after Republicans killed it on the vine.
Last edited by IamAman; 05-14-2014 at 09:59 AM..
Post your reply or quote more messages.