LAw School or Mcdonalds Franchise

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GOATlawman
Posts: 175
Joined: Thu Oct 30, 2014 9:40 pm

Re: LAw School or Mcdonalds Franchise

Postby GOATlawman » Tue Nov 25, 2014 8:51 am

kalvano wrote:Raising Cane's.


Omg TCR x1000

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jingosaur
Posts: 2225
Joined: Fri Jan 04, 2013 10:33 am

Re: LAw School or Mcdonalds Franchise

Postby jingosaur » Sat Nov 29, 2014 12:33 am

Deciding between practicing law and running a food franchise? Why not both?!
Start at 31:30.


And yes, Legal Grind, the coffee shop that also provides legal services, still exists AND since getting knocked off Shark Tank, has opened another location.

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WhiskeyAndCupcakes
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Re: LAw School or Mcdonalds Franchise

Postby WhiskeyAndCupcakes » Sat Nov 29, 2014 12:44 am

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Last edited by WhiskeyAndCupcakes on Fri Jan 16, 2015 3:40 pm, edited 1 time in total.

EricHosmer
Posts: 61
Joined: Sun Feb 09, 2014 3:42 am

Re: LAw School or Mcdonalds Franchise

Postby EricHosmer » Sat Nov 29, 2014 12:51 am

I'm surprised this hasn't been said, but you could become a treasure hunter: http://www.newsweek.com/2014/03/28/sunk ... 48015.html

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withoutapaddle
Posts: 451
Joined: Thu Oct 03, 2013 3:29 pm

Re: LAw School or Mcdonalds Franchise

Postby withoutapaddle » Sat Nov 29, 2014 1:04 am

You can't just buy one McDonald's franchise you have to buy multiple

If you have 2 million dollars buy a shit ton of food carts don't waste your money on a franchise

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UnicornHunter
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Joined: Wed May 01, 2013 9:16 pm

Re: LAw School or Mcdonalds Franchise

Postby UnicornHunter » Sat Nov 29, 2014 1:29 am

kalvano wrote:
Biglaw_Associate_V20 wrote:
kalvano wrote:I sold a couple cars to a guy who owned 2 Chik-Fil-A franchises in good locations and that guy made an irritatingly large amount of money.


He told you how much he made? Disclose, plz.


He had to, he was doing a lease and we had to pull credit. It was a lot, well into the 6 figures.


Franchises can be a legit business. Even a Subway franchisee can pull 70k+ per year/per store.

The problem with Chik-Fil-A is that you have to convince them that you're legit before they'll let you open a store. That usually means having a traditional family, going to church, working as a manager for a year, etc...

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withoutapaddle
Posts: 451
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Re: LAw School or Mcdonalds Franchise

Postby withoutapaddle » Sat Nov 29, 2014 11:38 am

70K sounds like a lot until you subtract

Operations costs (Rent - Inventory- Salaries - Utilities)
Interest on debt
Taxes
Depreciation on equipment

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UnicornHunter
Posts: 13507
Joined: Wed May 01, 2013 9:16 pm

Re: LAw School or Mcdonalds Franchise

Postby UnicornHunter » Sat Nov 29, 2014 2:28 pm

withoutapaddle wrote:70K sounds like a lot until you subtract

Operations costs (Rent - Inventory- Salaries - Utilities)
Interest on debt
Taxes
Depreciation on equipment


Figure accounts for operations costs. I'm talking about net profit.

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starry eyed
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Re: LAw School or Mcdonalds Franchise

Postby starry eyed » Sat Nov 29, 2014 3:21 pm

last year anytime fitness was the most profitable franchise, and i believe the year before that was hampton inn which filled the void for middle class lodging. obviously hotels are far and away the most expensive franchise to own. so there's other opportunities than food. a lot of it is identifying the current trend and then seizing the opportunity




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