Need help finding the right franchise? Click here: www.vettedbiz.com/franchise-s...
@franchisehotseats
Жыл бұрын
At Titus Center we appreciate Chick fil A. We have a local franchisee who has helped 19 of our graduates become franchisees!
@Vettedbiz
Жыл бұрын
Wow! Impressive
@georgekeough669
Жыл бұрын
Chick fil A isnt that great because you DONT OWN ANY OF IT! You arent a owner, you are an ":operator"You arent allowed to own multiple units or any other franchise. I feel like the goal of a franchise is to have it become somewhat passive. You working in the background once you have a solid team and GM/leader. You are required to work at that Chick fil A. This is info Ive researched.
@Vettedbiz
Жыл бұрын
Most franchises require the owner to be actively involved for 1-5+ years. If you want a passive investment, buy stock in a franchise company like McDonald's
@LaCrosseEscapeRoom
Жыл бұрын
I have an opportunity to purchase a Gloria Jeans from someone retiring. Seems pretty difficult to find any info on that particular franchise. Where do you sir e your numbers?
@Vettedbiz
Жыл бұрын
In what country? I don't think they are selling more franchises in the U.S.
@LaCrosseEscapeRoom
Жыл бұрын
@@Vettedbiz United States, Wisconsin. I would be taking over for an existing location. That’s weird, I was looking at recent reviews from his location and others in the area, and the corporate response had said that there are more coming soon near us.
@Hcjfnzjc
Жыл бұрын
I can’t seem to find any existing stores for these franchises on the market. 😤
@Vettedbiz
Жыл бұрын
Where have you looked so far?
@Hcjfnzjc
Жыл бұрын
@@Vettedbiz thanks for replying. Here’s where I’ve been looking: • Transworld • BizQuest • BizBuySell • FranBizNetwork • Loopnet Right now, the best I’ve found (that is still available) is a FSR with a MVIC/SDE multiple of 2.99x (which seems slightly high. It seems like 2.22-2.25x are market?). I’d love to hear where you’ve seen QSR brands for sale?
@Vettedbiz
Жыл бұрын
@@Hcjfnzjc Bizbuysell has opportunities just difficult to navigate. We made a video on how to find the deals there- www.vettedbiz.com/franchise-for-sale-on-bizbuysell/ Also check out: www.wesellrestaurants.com/restaurant-for-sale-near-me/All AND www.nationalfranchisesales.com/listings
@Hcjfnzjc
Жыл бұрын
@@Vettedbiz thank you for advising. I’m submitting an LOI today for a QSR franchise that I found from We Sell Restaurants. Watched one of your videos covering this franchise and feel good about what I’m getting into. Now it’s time to find $2M of funding🤞🤙🏻
@Vettedbiz
Жыл бұрын
@@Hcjfnzjc nice! Feel free to email me if you'd like some lender contacts. Patrick@vettedbiz.com
@alexandr8519
Жыл бұрын
Why are we even talking about Chick-fil-A is an opportunity for anyone on this planet lest I found out you could wait for 10 years and might not be able to open one up it's almost impossible to open 1 of them up impossible possible I erase that of my list
@Vettedbiz
Жыл бұрын
You brought up a great point. The best opportunities are exclusive. Some Chick-Fil-A franchisees open much faster than 10 years. We talk about Chick-Fil-A because everyone is asking us about it.
@meganroberts8870
Жыл бұрын
What do you think of a Cinnabon franchise?
@Vettedbiz
Жыл бұрын
I loved it as a child. As a business, I think the payback period is a bit long.
@behindthebuild8016
Жыл бұрын
What do you think of bubble tea franchises?
@Vettedbiz
Жыл бұрын
Low average revenue compared to the businesses on this list but good profit margins!
@behindthebuild8016
Жыл бұрын
I read that service based franchises are a better investment rather than food ones do you agree?
@Vettedbiz
Жыл бұрын
@@behindthebuild8016 depends on the concept but generally payback period is shorter.
Пікірлер: 25