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re: Any franchisees here? Know any?
Posted on 1/10/25 at 11:20 am to RoyalAir
Posted on 1/10/25 at 11:20 am to RoyalAir
quote:
Those of you who have bought in and done well, how did you handle financing and liquidity requirements?
I've always wondered this as well. I can't imagine all of these franchise owners having that much liquid money but maybe im wrong
0
Posted on 1/10/25 at 11:20 am to GeorgeTheGreek
quote:
Please post Muscle Punch Plus ingredients and parts.
A banana and a scoop of protein powder
That’ll be 15 bucks please
Posted on 1/10/25 at 12:40 pm to tancehughes
quote:The Ballards are licking their chops.....
PJ’s Coffee franchisee here. Very happy with our decision. Only one right now but want to get into more locations.
This post was edited on 1/10/25 at 12:42 pm
Posted on 1/10/25 at 12:52 pm to The Third Leg
$40,000 franchise fee
~$700k TCO
Qualifications Minimum net worth of $500,000 and Minimum of $250,000 in liquid assets.
~$700k TCO
Qualifications Minimum net worth of $500,000 and Minimum of $250,000 in liquid assets.
Posted on 1/10/25 at 1:16 pm to auisssa
“ Burger King…………they decided to just open across the street from MacDonalds”
They did that on MacArthur Drive in Ellick.I used to go to BK for a Whopper and then to MD’s for fries.
They did that on MacArthur Drive in Ellick.I used to go to BK for a Whopper and then to MD’s for fries.
Posted on 1/10/25 at 1:21 pm to RoyalAir
I recently purchased a childcare franchise after many years as a corporate drone myself. I was able to utilize my 401k without taking a tax hit through a program called a ROBS (Rollover as Business Start-up) transfer. Essentially your business becomes your 401k, which is why there are no up-front tax consequences. It’s got a number of restrictions, but I could not have purchased our franchise without this program.
Posted on 1/10/25 at 1:25 pm to gasmonky
quote:
I once worked with a dude that owned a blimpies franchise out by LSU. He lost his arse monetarily
We had a blimpies in the student union.
Posted on 1/10/25 at 1:32 pm to PerplenGold
Excellent feedback. Thank you.
Posted on 1/10/25 at 1:33 pm to Johnny Yen
The 401k borrow is an interesting idea, a and something I would certainly consider. Thanks for the reply.
Posted on 1/10/25 at 1:50 pm to Barrister
quote:
My partner's dad was a Domino's franchisee for years.
Ok Richard
Posted on 1/10/25 at 1:55 pm to gasmonky
quote:
I once worked with a dude that owned a blimpies franchise out by LSU. He lost his arse monetarily
I ate at that one a good bit in the 90s.
Posted on 1/10/25 at 3:05 pm to RoyalAir
quote:
The 401k borrow is an interesting idea
Every time I see a failed small business, I think that some poor bastard probably cashed out his 401k trying to keep it afloat. Did not know that they could use it for startup.
Posted on 1/10/25 at 5:00 pm to LootieandtheBlowfish
Maybe I’m mistaken or he was blowing smoke up my butt. I do know he does very well and his wife doesn’t work.
Posted on 1/10/25 at 5:06 pm to Skeeterzx190
I went to a Hopdoddy burger place (no idea if they franchise) that was cashless. Made me think it be way easier to have a food place if you weren’t worried about the employees robbing you blind.
Posted on 1/10/25 at 5:09 pm to Twenty 49
quote:That way you can burn through all of it on the front end of your fiscal death spiral.
Every time I see a failed small business, I think that some poor bastard probably cashed out his 401k trying to keep it afloat. Did not know that they could use it for startup.
Posted on 1/10/25 at 5:13 pm to wfallstiger
quote:
Chic fa Lai
Someone take away paw paw’s internet
Posted on 1/10/25 at 6:17 pm to cuyahoga tiger
The 7 brew drive thru in Gonzales is as dead as it could be. Surprised it's still open
Posted on 1/10/25 at 6:23 pm to Kingpenm3
I firmly believe a new Weinersnitzel that is not in the hood would kill it.
Posted on 1/10/25 at 7:18 pm to el Gaucho
quote:
A banana and a scoop of protein powder
You left out one pretty important ingredient. Hint: they’re red with seeds on the outside
Posted on 1/10/25 at 7:35 pm to Higgysmalls
As would a Krispy Kreme closer to lsu and not in the hood
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