Franchises

[BliarsGoing]

Good, bad, indifferent?

Is a franchise a good way to earn a living? I'm just considering all my options and I'm pondering running a Franchise amongst many other ideas.

As I've no business knowledge as such I'm erring towards thinking it would be a bad choice for me but I would at least like to consider it.

What are the pros and cons and what sort of level of investment is likely?

Any pointers greatly received.

[BliarsGoing]

Thought about a Muckys but there's eight in Peterborough already!

[MyJobsGoing]

McD's is £150-500K for a franchise, 9 months of unpaid training, a twenty year commitment plus a need for a proven record in management of some description....

Next

[MyJobsGoing]

J_S_G said:

MyJobsGoing said:

McD's is £150-500K for a franchise, 9 months of unpaid training, a twenty year commitment plus a need for a proven record in management of some description....

Next

But they give you (or at least did back then) a MacLoan to finance it with. If it wasn't profitable, people wouldn't do it...

Just read the brochure....

The money's there for the making, not the taking seems to be the gist...

I'm sure it could be profitable for the right person but I need to be realistic about the skills I currently posess and what I really want to be doing for the next twenty years or so... I struggle to manage myself effectively, let alone others.

[MyJobsGoing]

wanty1974 said:

MyJobsGoing said:

You are beginning to get like Prince with all your name changes!

Subway is very possibly one of the best franchised businesses around at the moment; they are certainly cannibalising sales in McDs and Burger King as people switch to 'sANdwiches made in front of you'... £40k sounds a bargain. Bloody hate olives though, so it wouldn't be my cup of teA!

I am a bit... This is the most apt one yet

£40k is a bit cheap... Traditional outlets are around £100K Subway could certainly be on the up though, I might go and check out a potential location om Monday

Knowing me I'll end up a wage slave after lots of agonising

[MyJobsGoing]

Plotloss said:

MyJobsGoing said:

McD's is £150-500K for a franchise, 9 months of unpaid training, a twenty year commitment plus a need for a proven record in management of some description....

Next

I thought they were pretty much guaranteed to ROI in 11 months though?

The other issue is, the good sites, McD's keep to be run by Macdonalds Restaurants Ltd.

I looked at Franchises briefly, seem 'wrong' somehow.

I'm not certain but due to todays events I need to look at all the options available. Subway might be interesting with the change towards healthier eating... Although we are a nation of fat knackers if this weeks news is to be believed. Mildly

[MyJobsGoing]

CatherineJ said:

I have a franchise at the moment and can't wait for the original term to come to a close.

Is it a well known one? I would appreciate any advice you could give me (via PM if it breaks the name and shame) or any tips on how to choose, pitfalls etc.

[MyJobsGoing]

Much appreciated

[MyJobsGoing]

insurance_jon said:

I know someone who's has a couple of subways up round me, he's a petrolhead too so I'll see if he will speak to you if you like?

Would be much appreciated if he could

[MyJobsGoing]

Phil Hopkins said:

YHM matey.

Maximize YourLOAD Not quite what I was expecting

Nothing there as yet but I'll keep an eye out, thanks.

[MyJobsGoing]

Phil Hopkins said:

Done.

YHM2

[MyJobsGoing]

Anyone got any experience of Domino's?