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Strategies & Market Trends : Take the Money and Run

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To: Joan Osland Graffius who wrote (12900)	8/4/2002 10:50:11 PM
From: Rainy_Day_Woman	Read Replies (2) of 17639

it's not as easy as it looks first you have to buy the franchise [I would bet pricey] then they are always a triple net lease so buy the signage and all equipment [also pricey] now stock the food [you buy from vendors only approved by the corporate Franchise, so don't bother looking around for a 'deal' on price] hire employees - a manager, assistant manager, opener and closer along with hourlies [you won't get them for minimum wage either] have cash to put in your worker's comp state fund get a fat life insurance policy [it's required] - health insurance for your employees - building and equipment insurance - liability insurance - food loss insurance hire an outside auditor for your P&L statements [also required by Franchise Corporate] so they can verify the monthly royalty and advertising fees you pay them [a percentage of your sales] send in your rent check you'll be lucky if you clear .03 on the .75 cent donut

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