LAw School or Mcdonalds Franchise

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 18, 2014 7:19 pm

Attax wrote:Follow the path of Christopher McCandless


lol thanks for depressing my night

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kalvano
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Re: LAw School or Mcdonalds Franchise

Postby kalvano » Tue Nov 18, 2014 9:32 pm

What I've gotten as far as OP's employment desires:

I don't want to sell anything, buy anything, or process anything as a career. I don't want to sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed. You know, as a career, I don't want to do that.

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MikeSpivey
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Re: LAw School or Mcdonalds Franchise

Postby MikeSpivey » Tue Nov 18, 2014 9:35 pm

Do Subway and I will come get a Spicy Italian on wheat from you.

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Sheriff
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Re: LAw School or Mcdonalds Franchise

Postby Sheriff » Tue Nov 18, 2014 9:39 pm

I don't think anyone on this thread understands how much it costs to build out a McDonalds franchise, nor how much McD's franchise owners make.

If you have that kind of money (I'm assuming 7 figures), then just do whateverTF you feel like doing.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 18, 2014 9:42 pm

kalvano wrote:What I've gotten as far as OP's employment desires:

I don't want to sell anything, buy anything, or process anything as a career. I don't want to sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed. You know, as a career, I don't want to do that.


You obviously do not know a thing about investing or business in general.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 18, 2014 9:45 pm

Depending on the market, they require around 700k in liquid assets, i'm close to it, but it would take a couple years of work to get there fully. ~400k down payment, the rest could be loans, 10% profit margin on an average store

Of course sales vary between the worst performing store at 450,000 and the highest earns 9.5 million is sales, 10% profit.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 18, 2014 9:46 pm

.
Last edited by starry eyed on Tue Nov 18, 2014 9:52 pm, edited 1 time in total.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 18, 2014 9:47 pm

reputation is important, to the average ignorant folk, i'll be a mcdonalds worker in their mind

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 18, 2014 9:51 pm

kalvano wrote:What I've gotten as far as OP's employment desires:

I don't want to sell anything, buy anything, or process anything as a career. I don't want to sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed. You know, as a career, I don't want to do that.


We are talking about buying something here , mcdonalds, your lsat skills need not apply

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Sheriff
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Re: LAw School or Mcdonalds Franchise

Postby Sheriff » Tue Nov 18, 2014 9:53 pm

alaird21 wrote:Depending on the market, they require around 700k in liquid assets, i'm close to it, but it would take a couple years of work to get there fully. ~400k down payment, the rest could be loans, 10% profit margin on an average store

Of course sales vary between the worst performing store at 450,000 and the highest earns 9.5 million is sales, 10% profit.


That sounds about right for a smaller market . . . Assuming this isn't a flame, you're debating between McD's, law school, or the army. You sound like you're just a young guy with a lot of money looking to do something for the sheer vanity of it. Which is fine. I'd go the easiest route of the 3 which is probably the McDonalds franchise.

If you decide you still want to do law school in a few years you'll have money coming in, and can enjoy law school without the stress that most others have to deal with. Plus, you'll be older and will (hopefully) have more clarity on what it is that you want to do with your life.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Wed Nov 19, 2014 12:02 am

Well turns out, McDonald's only accepts 1% of potential franchise owners that have the capital. Previous managerial experience is a necessary condition as well as ability to motivate employees. Being 23 will also work against me. I've always been interested managing soldiers and it would give me relevant skills transferable to business. This forum if anything else has steered me away from making a potential self-destructive investment. Plus making 70k 3 years in isnt't too bad.

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fats provolone
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Re: LAw School or Mcdonalds Franchise

Postby fats provolone » Wed Nov 19, 2014 1:52 am

kalvano wrote:What I've gotten as far as OP's employment desires:

I don't want to sell anything, buy anything, or process anything as a career. I don't want to sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed. You know, as a career, I don't want to do that.

:lol:

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beepboopbeep
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Re: LAw School or Mcdonalds Franchise

Postby beepboopbeep » Wed Nov 19, 2014 3:56 am

thanks for cancer op

guess i don't have to pay off my loans now that im ded

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J-e-L-L-o
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Re: LAw School or Mcdonalds Franchise

Postby J-e-L-L-o » Sat Nov 22, 2014 3:09 am

Try Chipotle or Buffalo Wild Wings

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ymmv
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Re: LAw School or Mcdonalds Franchise

Postby ymmv » Sat Nov 22, 2014 11:02 am

Open some east coast In-N-Outs plz.

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downinDtown
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Re: LAw School or Mcdonalds Franchise

Postby downinDtown » Sat Nov 22, 2014 11:13 am

Look at it this way...either way you go, there's a decent shot you could end up working in the fast food industry long-term.

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Attax
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Re: LAw School or Mcdonalds Franchise

Postby Attax » Sat Nov 22, 2014 2:50 pm

ymmv wrote:Open some east coast In-N-Outs plz.


We have them now in Texas!

Whataburger is still better

AReasonableMan
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Re: LAw School or Mcdonalds Franchise

Postby AReasonableMan » Sat Nov 22, 2014 8:55 pm

alaird21 wrote:I think it's relevant to ask law students this because law school is an investment. would the investment be better served elsewhere, given all this pessimism of law grad prospects. Sinking 300k into a school with a 75% chance of getting biglaw sounds risky too

I wouldn't have thought of this if I didn't go to law school, but the contracts aren't identical. Instead of thinking about a specific franchise or cuisine, read the model franchise-franchisee contracts of each restaurant, and pick the one that's best for you. Getting the lease, paying it all out of pocket, having to buy wholesale from McDonalds, and then paying McDonalds a percentage of the earnings is a big risk.

AReasonableMan
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Re: LAw School or Mcdonalds Franchise

Postby AReasonableMan » Sat Nov 22, 2014 8:56 pm

ymmv wrote:Open some east coast In-N-Outs plz.

Do you really think no one has thought of this? The franchise obviously wants to limit the states that it's in.

GOATlawman
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Re: LAw School or Mcdonalds Franchise

Postby GOATlawman » Sat Nov 22, 2014 10:17 pm

AReasonableMan wrote:
ymmv wrote:Open some east coast In-N-Outs plz.

Do you really think no one has thought of this? The franchise obviously wants to limit the states that it's in.


how bout jack in the box then?

East coast needs some $0.50 tacos! The world needs $0.50 tacos!!!!

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jingosaur
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Re: LAw School or Mcdonalds Franchise

Postby jingosaur » Sat Nov 22, 2014 11:51 pm

Don't open a McDonald's. McDonald's makes startup costs way too high and they're tough to manage because you have to sell such a wide array of food.
Subway sucks so don't open one of those either.

I would say to go for something simple, but still well-known in your area. Check to see if Bojangles or Zaxby's franchise.

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kalvano
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Re: LAw School or Mcdonalds Franchise

Postby kalvano » Sun Nov 23, 2014 10:50 am

Raising Cane's.

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baal hadad
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Re: LAw School or Mcdonalds Franchise

Postby baal hadad » Sun Nov 23, 2014 12:28 pm

jingosaur wrote:I would say to go for something simple, but still well-known in your area. Check to see if Bojangles or Zaxby's franchise.

The world needs more bojangles n zaxbys

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dsn32
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Re: LAw School or Mcdonalds Franchise

Postby dsn32 » Sun Nov 23, 2014 12:33 pm

BIGMAC > BIGLAW, my friend.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Tue Nov 25, 2014 12:11 am

kalvano wrote:Raising Cane's.


where i live, there's around every corner and they're all packed all the time. you cant't franchise them though. y'all know you can leverage 80% of what it cost. so if you have 500,000 you can borriw 2.5 mil, and then buy multiple franchises. too risky right now though, i need to get some type of management experience before any franchise would agree to partner. Y'all biglawyers should think doing an austerity plan and save up and do the same thing, we'll revolutionize this thing




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