UPS IS CURRENTLY RANKED #4 IN THE FRANCHISE 500 - ARE YOU CERTAIN YOU CAN TRUST INDUSTRY REVIEWS? Lately we have had several requests to review the UPS franchise, is it a good franchise to own? Let's take a look. Taken from their 2017 FDD the Cost to open a UPS Store franchise ranges from $177,955 to $402,595. Royalties are 5% marketing is 1% national ad fee is 2.5%. We'll get into some more fees a bit later on. To clarify the business relationship - The UPS Store, Inc. is the franchisor and UPS is the parent entity. UPS franchised stores are retail storefronts which offer mail and parcel services as well as other assorted services like notary,copying, office supplies, printing and others. UPS is a very well known brand name - and like we have said in other videos with franchises like Subway or Quiznos, a big name does not necessarily mean security and wealth for its franchisees. Please don't think just because a franchise is well known that you don't need to perform due diligence. The UPS Store franchise has been no stranger to Litigation over the years. when MailBoxes etc switched to UPS way back in 2003 they were sued class action style based on the assertion that this rebranding violated California, New York and Illinois franchise laws. Many, many franchisees were very unhappy when this change took place and the consensus seemed to be that their potential for profits were severely undermined and that UPS had essentially cheated them. As a result of that suit ultimately 10 years later 143 franchisees were awarded $4.2 million. The claims of the class action suit were not part of the settlement and remain pending. If you take a close look within the pages of the UPS franchise 550 page franchise disclosure documents, there are almost 10 pages of lawsuits concerning in legal terms things like breach of contract, fraud, negligent misrepresentation and similar. In non legal terms a lot of franchisees felt they were royally screwed by UPS. Not to be outdone UPS of America then sued a bunch of their own franchise owners in 2014 for things like trademark infringement, breach of contract, unfair competition, and failure to comply with post termination provisions of their franchise agreements. The franchise owner defendants denied all claims and filed a counter suit against UPS. Last I heard the franchise owners and their 11 stores had been ordered to pay UPS franchising 1 million dollars. There are other lawsuits against the UPS franchise including allegations of overcharging for notary services, civil theft, slander, fraudulent use of personal identification without consent, even some RICO act (Racketeer Influenced and Corrupt Organizations). In defense of UPS they do state they intend to vigorously defend against these allegations. (continued at http://www.franchise.city/ups-franchise-review www.theupsstorefranchise.com http://www.unhappyfranchisee.com/how-much-ups-store-franchise-owners-make/
Views: 22363 Franchise City
What are the Most Profitable Franchises? Let's start off with the single highest grossing franchise I have ever encountered in my career. It was a sign franchise, so a franchise that designs, creates and installs signs for businesses. This single unit franchise was generating 30 million dollars a year from a single location. That number is far and away the highest I had ever heard of. But is the sign industry so great? We'll yes, sign franchises and specifically B2B or business to business focused franchises are quite good and they are a sector that most people aren't even aware of. But why are these franchises potentially so profitable? Well it comes down to the business model and the ability of the owner to directly influence his or her business. For sake of comparison look at a McDonalds franchise and their operational model. You set up a location, send out some flyers and coupons and hope for the best. There is really not a whole lot an owner can do to increase the profits of their franchise. Sure they can network the community, meet people and most good local franchise owners do, but that doesnt really impact the revenue in any big way. But when you own a franchise that provides services to businesses, you have a huge impact on the revenues of your store. And here is where once again we see that not all franchises are great for everyone. But someone with a sales, marketing or B2B networking background can really do well by coordinating a sales crew, or in a smaller franchise going out themselves and generating business locally. And that function is not something most people like to do. But the reality is the most profitable franchises are very often tied to businesses where the owner or their employees work quite diligently on new business generation. Now for some potential owners they just want to earn as much money as possible and sell the franchise in a few years for a million dollars. Others wan't a more laid back situation and just stand behind the counter - again - no best franchise. But in cases of where money is the priority there are a lot of these business to business franchises available that allow for direct influence over the amount of money that comes in and the harder and smarter one works the higher the revenues. So let's look at some real world examples. Sign shops are great and will always be in huge demand. Printing, is another business and some of these shops get into the specialty field like car wraps which is a great niche market. We work with several franchises in printing and signs investments start at about $200K give us a call to see which are available in your area or visit our franchise directory to browse them all. Staffing and employment franchises are also potential big money makers. And these are also often lower overhead businesses where you are not buying or selling any products so margins are good. Express Employment, the 4th largest employment franchise in the world has average owners that are open 1 year doing over a million, and their average mature office does 6.2 million in sales. Again we work with several employment franchises call to check territory availability your investment will range from aboutv $80,000 to $200,000 If you have a business background business consulting or coaching can be very profitable and great from an ROI perspective. many of these franchises have low start up costs under $50,000, can be operated from home, have low overhead and very high margins, 6 figures are expected and some top producers earn over a million. Within that group as well are speciality consulting franchises, such a cost reduction consulting where you help companies save money on telecom or billing costs, or energy consulting where you help companies save money on their energy costs. These are all cash businesses no inventory and low margins so can be very profitable. If you have access to a lot of cash there are franchises that actually help you become a short term lender to businesses and will match your loans to six times. With these franchises you earn revenue just like a bank with short term business loans. This is a mostly passive business and can be quite lucrative once your business has a few regular clients. So there you have it, some highly profitable franchise ideas and industries that allow the owner to directly influence their amount of earnings by proactively targeting business to business clients. If money is important and you have the skills, business to business franchises can be the most profitable choice. Don't forget to like and subscribe and come visit our new franchise directory where you can browse hundreds of franchises I'll put the link up here. Thanks for watching. http://www.franchise.city/franchises/
Views: 77930 Franchise City
https://www.youarethebroker.com Many aspiring entrepreneurs are buzzing over the prospects of investing in and partnering directly with Amazon's new courier service opportunity, "Delivery Service Partners." Joel offers a detailed opinion on the possibilities.
Views: 9612 YouAre TheBroker
Lets start with an interesting statistic. According to the NACS 2017 Retail Fuels Report, 59% of gas stations in the U.S. are one owner-operated. They own one store and often that store is attended by the owner. That type of business is what we call buying a job. The owners aren't working in the business because it makes so much money they are workimng there because they have to. Also interesting to note is that most major oil companies have sold off all or most of their fuel station holdings. Do you think you as a small business buyer have more market knowledge than the best business minds hired by the oil companies? Big oil is getting out of gas stations that should be a warning sign as shouold the huge number of single store owner operators. Many of these are struggling business owners making a living on very small margins. Which bring us to the next point 1. Small Margins. Here is a great infographic from the Orange County Register on where $50 spent at the pump goes. $30.75 to the oil company, $7.00 to the refineries, $6.00 on taxes, $4.00 to the delivery company, $1.25 on processing and transaction fees and finally right at the end of the chain you get $1.00. And that number can and does change sometimes even lower most owners suggesting an average of 1-3 cents net per gallon. If you speak with gas station owners as we do or even just visit forums and chatrooms with actual gas station owners most will tell you the gas is just a way to get people to the location and they actually make their money on cigarettes, soft drinks, coffee, and snack foods. But a huge problem today is more and more gas buyers are paying at the pump and not even entering the store making it even less profitable. But you will still have non driving walk in traffic leading us to reason #3 - rough customers 2. Most cheap gas stations are located in less than desirable neighborhoods and open 24 hours a day. And lets face it most gas stations are often frequented by some interesting people particularly in the late and early morning hours. We all watch Youtube and see some of the crazy stuff that happens in convenience stores and gas stations. That will also be happening to you - is that something you want to deal with? Ask your seller if they have ever had any issues where they had to call the police, and Google the address and see if any crime reports come up. There are over 7000 robberies each year at gas stations and 15,000 at conveniece stores which is disproportionate in relation to other businesses. 3. Franchising. Now there are many situations where the franchising model works. In my opinion gas is not one of them. In fact if you are at the mercy of buying only one companies gas at a fixed price, being unable to shop for better pricing, stuck with every promotion they decide on as well as having to pay franchise royalties and fees with your already slim margins, being profitable can be difficult. 4. Environmental issues.This is a problem specific to gas stations. Are the tanks leaking? If so the cost of cleanup can be costly. Many unwary buyers found themselves on the hook for huge bills because they chose to survey only assets that were above ground. 5. At the mercy of potential construction. Some unethical sellers pull a fast one and after determing that weeks or months of construction will make thier location inaccessible put it on the market. Always check with the local department of transportation prior to making an offer on a gas station. Or any business for that matter. Now in closing yes I understand that gas stations and convenience stores CAN be a good business or franchise. In these videos I provide the negative side because as we all know the seller is only giving you the good side. An business decision that has considered both the bad and the good is an educated one. Don't forget to like and subscribe and leave your business and franchising questions down below. http://www.franchise.city/buy-a-gas-station/ http://247wallst.com/economy/2014/05/22/why-are-there-115000-or-150000-gas-stations-in-america/ http://www.ocregister.com/2012/03/14/gas-prices-oil-prices-and-who-gets-the-money-you-pay-at-the-pump/ http://www.nacsonline.com/YourBusiness/FuelsCenter/Pages/Retail-Fuels-Report.aspx
Views: 332127 Franchise City
If you want to Buy a Franchise avoid the 6 big mistakes. http://www.cafranchiseopportunities.com/buy-a-franchise So, you are looking to buy a franchise and you are wondering where to start. One of the most important principles you need to adopt is "learn from the mistakes of others". There is no need for you to go into this blind and repeat someone else's mistakes. Mistake 1: Following Your Passion This one may seem strange at first. After all, aren you not supposed to follow your passion? Is not that what everyone says, "do what you are passionate about"? Here is the twist -- passion is great and it is sometimes the only thing that separates you from failure, but to succeed in business, you need a passion for starting and running a business. Mistake 2: Buying a Hot Franchise Learn more about the 6 big Mistakes when buying a Franchise at http://www.cafranchiseopportunities.com/buy-a-franchise
Views: 122846 CanadianFranchise
GO HERE: http://www.skinnybodycash.com Watch This: https://www.youtube.com/watch?v=h2fQ0hT_XcA Best Franchises 2016 Reviews Online & Business Ideas Like and subscribe to this channel. Like on facebook https://www.facebook.com/Expats-Online-Internet-Business-Opportunity-Worldwide-2016-944487738965609/?fref=tsAlternatives. Franchise reviews SBA Failure Rates. 20% McDonald's, Dunkin Donuts, Wendy's, Panera, Pizza Hut, WINGS-N-THINGS, TILDEN FOR BRAKES CAR CARE CENTER. NOBLE ROMAN PIZZA, JUST-A-BUCK LA PALETERA EXECUTIVE TANS COUNTRY CLUTTER (BED & BREAKFAST) BEAR ROCK CAFE BLOCKBUSTER VIDEO SUPER SUPPERS PRO GOLF ATHLETE’S FOOT STEAK ESCAPE GOLF ETC.24 SEVEN VENDING. L. A. TAN MR. TRANSMISSION AMAZON CAFE WING ZONE. MR. GOODCENTS SUB’ AND PASTA NEW YORK NY FRESH DELI OBEE’S SOUP SALAD SUBS BUILD IT FRULLATI CAFE WIRELESS TOYZ NICK-N-WILLY’S PIZZA PARTYLAND (RETAIL PARTY GOODS) BREADEAUX PIZZA FROZEN ROPES NORTHSHORE NESTLE TOLL HOUSE CAFE SMOOTHIE FACTORY DREAM DINNERS CAMILLE’S SIDEWALK CAFE. PLANET BEACH. SUPER SUPPERS OF KELLER WINGS TO GO. CARVEL ICE CREAM . ROLY POLY ROLLED SANDWICHES. JOHNNY ROCKETS. PHILLY CONNECTION. DOLLAR DISCOUNT STORES . PETLANd. COUNTRY KITCHEN. SAMARI SAMS TERIYAKI GRILL. STEAK-OUT . SUBMARINA SANDWICHES. HAIR COLOR EXPRESS. RED BRICK PIZZA 53.06% ARRY’S GIANT SUBS 52.63% BEEF O’BRADY’S 52.48% VELOCITY SPORTS PERFORMANCE 52.38%. COTTMAN TRANSMISSION 52.21% FUDDRUCKER’S 52.17%. WOW CAFE AND WINGERY 51.72%. WINESTYLES, INC. 51.72%. PITA PIT. TACO DEL MAR . MY GYM . JUICE IT UP. ECONO LUB N TUNE 50%. CHEEBURGER CHEBURGER 50%. STREET CORNER NEWS 50%. JUICE ZONE REALTY WORLD. JIMBOY’S TACOS LEE MYLES AUTOMOTIVE TRANSMISSIONS. JERRY’S SUB SHOP. DOUBLEDAVE’S PIZZAWORKS. EAST OF CHICAGO PIZZA. GOLF U.S.A. HUNTINGTON LEARNING CENTER. ATLANTA BREAD COMPANY. INSTANT IMPRINTS. MAUI WOWI. CANDY BOUQUET,INC. COMPUTER RENAISSANCE. COFFEE BEANERY. NORWALK FURNITURE IDEA. MAX MUSCLE. PACIUGO ITALIAN GELATO RENAISSANCE . DAILY GRIND. SHANE’S RIB SHACK. NATIONWIDE FLOOR & WINDOW COVERINGS. FIGARO’S ITALIAN PIZZA. PLANET SMOOTHIE. USA BABY.ALL TUNE AND LUBE. CHICAGO’S PIZZA OF GREENFIELD. GREAT WRAPS. BLIMPIE . PIP PRINTING. BUCK’S PIZZA. FAST FRAME. AIM MAIL CENTER . PIZZA FACTORY. MARS. KABLOOM 44.23%. DRY CLEANING STATION. BAD ASS COFFEE COMPANY. QUIZNO’S SUBS . MARBLE SLAB CREAMERY. EXTRA INNINGS TRAINING CENTERS. BACK YARD BURGERS. NATURE’S TABLE. COLD STONE CREAMERY, INC. NATHAN’S FAMOUS. FOX’S PIZZA DEN. FLOWERAMA. TACONE. CHEM-DRY 41.18%. NESTLE TOLL HOUSE BY CHIP 41.18%. MR. ELECTRIC. THE HONEY BAKED HAM CO. AND CAFE. SAM & LOUIE’S NEW YORK PIZZA. EXTREME PITA. HELP-U-SELL (REAL ESTATE). IMAGE ARTS ETC. MAMA FU’S NOODIE HOUSE. KEVA JUICE. CHECKERS DRIVE-IN RESTAURANT. SEA TOW OF RHODE ISLAND. LEDO PIZZA. GOLD’S GYM. PURIFIED WATER TO GO. BIG BOY. SIGNS BY TOMORROW. SEARS CARPET & UPHOLSTERY CARE. HOMES & LAND (MAGAZINE). HONEY DEW DONUTS. MCDONALD’S 20% Failure! CHURCH’S FRIED CHICKEN. EXXON 19.57 Franchise failures. BEN & JERRY’S ICE CREAM 19.44% Franchise failures! CERTA PROPAINTERS. FIREHOUSE SUBS . PORT OF SUBS. CROWN TROPHY 19.05% Failures For Franchises! BRUSTER’S. SIR SPEEDY PRINTING CENTER 18.87% Failure rate! MIDAS MUFFLER SHOP 18.75% Failure Franchises! ERBERT & GERBERT’S SUBS & CLUBS Franchise reviews failures. Small business for sale. COLDWELL BANKER (REAL ESTATE BROKERS 18.75% fail reviews. top franchises USD. Small business ideas. car wash franchise. Franchise UK. Franchise India. Franchises Philippines. Franchises Indonesia. Franchises Russia. Franchises Austrailia. Franchises Hong Kong. Franchises Singapore. Franchises Arab Emirates. Franchises United States. International business ideas. international franchises. ARTICLES IN VIDEO LINKS BELOW: http://www.entrepreneur.com/article/228698 http://www.cnbc.com/2015/04/17/food-franchise.html?slide=12 http://williambruce.org/2013/06/08/best-and-worst-franchises-listed-by-sba-loan-defaults/ http://money.cnn.com/2015/04/17/news/companies/mcdonalds-franchise-unhappy/ http://www.forbes.com/sites/karstenstrauss/2014/05/27/13-mistakes-new-franchisees-make-and-how-to-avoid-them/
Is popcorn an approved packaging material? Should you use a new corrugated box to ship? How many inches of packaging material should surround your item? Hear tips from two The UPS Store packing and shipping experts to help you get gifts intact to family and friends this holiday season, and, well, any time of the year.
Views: 55123 UPS
This Charlotte Small Business Spotlight profile features George Forrest, Charlotte area McDonald's franchisee. George embodies the true "Amercian dream", starting out as a grill person in college, rising through the ranks to upper level management to owner of five, yes, five McDonald's franchises.
Views: 147616 Jack Brayboy
SORRY THE FDD SCREENCAPTURE HAD A TECHNICAL GLITCH! Dunkin' Donuts is another franchise we get a lot of calls about. A lot of people think they want to buy a Dunkin' - but is it a good investment? How much does a Dunkin' Donuts Franchise Cost, and how much can I make? Dunkin' Donuts is another one of those Iconic brands that often entices people just by virtue of the huge name, to think it is the best franchise option out there. Because surely this 12,000 location strong brand I see everywhere is the biggest moneymaker out there. Let's take a look. We just got access to the brand new 2018 FDD for Dunkin so all the numbers for today are are as up to date as you can get. The cost to open a Freestanding location ranges between $245,200 to $1,717,103 - and none of these numbers include real estate costs. A shopping center storefront is $228,621 to $1,202,880. Setting up a Dunkin in a Gas or Convenience store location will range between $108,904 to $741,100 and that price will vary depending on whether the baked goods are actually made on site. There is also an APOD or Alternative Points of Distribution model which ranges between $97,500 to $542,805. These are non traditional locations like transportation terminals, casinos, colleges, military bases etc. Your ongoing fees will include what Dunkin' Donuts calls their Continuing Franchise Fee 5.9% of Gross sales, and a continuing Advertising fee of 5% of Gross, The franchisee goes on to say "After talking to dozens of franchise owners just like us, we learned that this was more than an unusual litigation binge. This was a corporate strategy. In order to compete with Starbucks, Dunkin' Donuts has announced a plan to open 15,000 stores by 2016. The NY daily News article goes on to say: Dunkin' Donuts has sued other franchise owners 154 times since 2006, this was written in 2008. Over the same stretch of time, McDonald's was involved in five lawsuits. And Subway, a company that has four times the number of locations as Dunkin' Donuts, sued its franchises 12 times. Now we can't be certain of the validity of this specific claim, and the Dunkin' Donuts 2018 FDD does not reflect the number of lawsuits suggested in that article however we were able to access the 2008 FDD and sure enough there were dozens of lawsuits listed. There is a sharp contrast between the 2008 and 2018 FDD's with many fewer lawsuits. We can only speculate why this may be the case, maybe Dunkin' realized that these lawsuits can really hurt a brand long term. Look at Tim Hortons. So the question everyone wants to know - how much can I make with a Dunkin' Donuts franchise? Let's look at the FDD. So Dunkin' actually has a really nice and clean Item 19 which breaks down stores by regions, as well as by type of store. We don't have enough time to look at every category so we'll just explore averages. For example a freestanding non drive through in the Midwest will see about $894,916 in average sales, a drive through restaurant in the Northeast will see about $1,400,932. Shopping center storefront types are a bit lower between $835,906 and just over a million ($1,068,982), and gas and convenience sites between about $620,159 and $932,175. Again I'm not doing justice to the numbers or regional breakdown and encourage anyone who is interested in a Dunkin' Donuts franchise to check the FDD themselves to get a better handle on their specific region and selected store type. Now a million dollars may sound like a lot of money but how does that compare to other franchises? Well if we consult the QSR50, which is a great list comparing the top 50 QSR franchises and Ill post that link down below, we see Dunkin' Donuts is 13 spots from the bottom sorted by annual revenue. Now the 2018 QSR50 is not yet available so we expect these numbers will change. But from a revenue standpoint we see Chick-Fil-A way at the top at over 4.4 million in revenue per store, and Baskin Robbins way at the bottom with only $237,000 per store. Remember from that million comes your royalties, salaries, rent, taxes, and lots of other expenses. So from a purely revenue standpoint Dunkin' Donuts is not near the top comparatively. So is Dunkin' Donuts franchise a good investment? Depending on your situation and most importantly your location, it could be. We suggest investors always look at several franchises to compare call your options, maybe even those outside of food franchises. Don't forget to like and subscribe and if you need help finding or researching a franchise give the experts a call at franchise city. http://www.nydailynews.com/new-york/brooklyn/dunkin-donuts-business-practices-lots-holes-article-1.278131 http://www.dunkinfranchising.com/franchisee/en.html https://www.dunkindonuts.com/en http://www.unhappyfranchisee.com/category/franchisor/dunkin-donuts-franchisor/ https://www.qsrmagazine.com/content/qsr50-2017-top-50-chart?sort=2016_us_average_sales_per_unit_thousands&dir=asc http://www.Franchise.city
Views: 20843 Franchise City
How can i get franchise with little or no money? - Yahoo! Answers ... in.answers.yahoo.com › ... › Business & Finance › Small Business I want to also do franchise etc, as i would love to send him to private ... You can start your business with no money -- but it will not be easy. Buying a Franchise: A Consumer Guide | BCP Business Center business.ftc.gov/documents/inv05-buying-franchise-consumer-guide Some franchisors started by operating their own business. There is no guarantee, however, that a successful entrepreneur can successfully manage a franchise ... How Do I Start a Franchise? - Franchising Your Business ... www.entrepreneur.com/article/66178 Dec 22, 2003 -- Starting a franchise company is not inexpensive. ... for at least 2-3 years before you even start to make any money on your franchise operations, ... How To Open A Franchise With No Money Tips ... - Small Business smallbusiness.aol.com/.../... Click here to visit the new home of AOL Small Business! ... how to open a franchise with no money. Getty Images. Buying a Franchise: 5 Things You Need to Know ... entrepreneurs with the tools and support to build their own businesses. Buying a Franchise: 5 Things You Need to Know - Small Business ... smallbusiness.aol.com/2010/05/10/how-to-buy-a-franchise/ May 15, 2010 -- When it comes to starting your own business, many entrepreneurs decide they .... purchasing a franchise, starting a franchise with no money ... Franchise Businesses | SBA.gov www.sba.gov › ... › Thinking About Starting a Business? › Business Types You could lose a significant amount of money if you do not investigate a business carefully before you buy. By law, franchise sellers must disclose certain ... How to Raise Money to Finance a Franchise www.powerhomebiz.com/vol3/franchisemoney.htm by Isabel Isidro - in 1,625 Google+ circles - More by Isabel Isidro Unless you can finance the business entirely from your own pockets, you need to know how to raise money for your franchise. ... This means your appearance, personality and attitude, because - make no mistake about it - before anyone lends ... Affordable Businesses You Can Start With Little or No Money ... www.legalzoom.com/business.../starting...business/affordable-busines... Read about Affordable Businesses You Can Start With Little or No Money at ... Whether you open a franchise or start your own business from scratch, the first ... How to start a franchise with no money? | Healthystyleoflife healthystyleoflife.com/how-to-start-a-franchise-with-no-money/ If you've been searching for how to start a franchise with no money or almost none, ... as well as a one-time franchise fee to the franchisor to start the business. how to own a franchise business with no money
Views: 82016 Jim Ron
Side hustle ideas aren’t just about making extra money but will protect you from the coming jobs-pocalypse and keep you from living paycheck-to-paycheck. The most common question I get about business ideas and side gigs is where to start, how to find that perfect side hustle strategy you can use to turn five hours a week into a few hundred dollars. I’ve taken all the income sources I know and narrowed them down to my favorite ten. I’ve used six of these side hustle ideas and make money every month from at least four. In fact, I made over $7,200 in March with $600 in one single day. Your monthly income is going to fluctuate a little but put together a few of these side hustle ideas and you’ll produce a solid income you can count on. I tried to keep out the traditional jobs from the list, all the side jobs you see on Craigslist. Everyone knows how to make money cleaning someone’s house, but do you really want to get pruny fingers 10 hours a week? For this list of side hustle ideas, I kept it to the income sources you might not have thought of, the ones that have worked for me and the ones that make money fast. I’ll include how to get started and how much you can expect to make with each side income strategy. I’m also going to reveal three secrets to side hustle success, three critical keys to making money, at the end of the video. Here’s that playlist link to my favorite passive income source, self-publishing. Of the 10 side gigs in the video, this one should be at the top of everyone’s list. https://www.youtube.com/watch?v=9nLLGmJ-0aY&list=PLjsZ3KrTlZoy60XT3kSIXZTIwggIwIBIG For a step-by-step into making money online with a blog, check out the blogging playlist linked below. Blogging is one of the best side jobs from home and will create an asset to make money every month for years. https://www.youtube.com/watch?v=NE3Xk6HqXr0&list=PLjsZ3KrTlZowuIEt0DjRan8QQnoJBALIo • The side hustle ideas I used to make over $2,000 a month within a year • The real estate side gig that costs nothing to start • The side job from home you can start today that pays $50 an hour • My favorite passive income source that is easier than it looks • 3 keys to making any business idea a success SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. #income #sidehustle #passiveincome #business
Views: 208428 Let's Talk Money! with Joseph Hogue, CFA
Here at Franchise City we get a lot of calls from clients asking if the Jamba Juice Franchise is a good investment. Good or bad is relative so lets take a look at the opportunity objectively. So taken from their website it will cost you $346,100 to $619,300 for a Traditional Store. Jamba also has options for non traditional stores like Universities, Entertainment venues etc. but let's just stick with a traditional store. They also have a kiosk option which will run you about $203 to 374k according to their 2016 FDD. Royalties are a bit complicated and are based on how many stores you own and what type, but you'll be paying 6% of net sales unless you sign up for 4 stores then they'll drop you down to 5.5. Marketing program is 3-4% for a traditional store. So you are at about 10% total. From Jambas own website Jamba indicates they are the industry leader with over 850 units Nationwide and unmatched brand recognition. They are innovative serving up juices wraps, and flatbreads. No preservatives, no trans fat, and everything tastes great. Not only that they are boasting being on the Top 50 Franchisee satisfaction awards!!! Wow - where is my checkbook? Now you combine all this positive information with some person who strolls into a Jamba Juice and it's busy, and he sits down and loves the juice..... you now have one really bad reason for buying a franchise. And not to pick on Jamba Juice most people use that same emotional logic to buy a franchise and then complain when they lose their money. Part of the service we bring our clients is to show them both sides of the story and prevent them from making an emotional decision. Yes, Jamba is good and tasty, well known, delicious and healthy food. But let's take a closer look. Firstly you may not have noticed due to your eyes tearing up with joy at the thought of owning your own Jamba Juice, but the Top 50 Franchise logo .....it's from 2014. That means for 3 years they have not had top 50 satisfaction, unless they forgot to change the logo which is unlikely. Is it a logical question to ask Jamba what happened to reduce the satisfaction rates of their franchisees? Now lets take a look at their item 12 in the FDD, their franchise disclosure document which is quite important in a retail situation as it outlines territory. According to their FDD you will not receive exclusive territory and you may face competition from other franchisees, So if exclusive territory is important to you - you will not get it with Jamba Juice Franchise. Their item 19 in the FDD which is financial disclosure does indicate some earnings of their stores. There is quite a big difference in earnings from west coast to east coast locations so it would appear you have a better chance to make money on the west coast. Now at first glance a buyer would look at these earnings and say wow - these earnings look pretty good - but lets put the earnings into context. If we hop over to the 2017 qsr50 and sort the top 50 quick serve restaurants by average sales per unit, Jamba Juice is actually the 5th lowest in earnings from the very bottom. If you have been watching our channel you would know how to calculate investment to sales ratio - which is a ratio based on how much you will make so we take the average sales per store and divide it by the median average investment and we get 75%. Also keep in mind your earnings will be lower on the East coast. From a corporate perspective Jamba is a publicly traded company, way back their shares traded at about $50 a share and have since dropped as of today to just over $8. in 2015 Jamba sold almost 200 of their stores to Franchisees because investors were urging them to lower costs. YOU can read into that what you like. So - just a few counter arguments against buying a Jamba Juice Franchise, the franchisors give you the rosy side but we'll always give you the real deal. If you need help researching or finding a franchise give us a call our consultations are always free and don't forget to like and subscribe. https://www.qsrmagazine.com/content/qsr50-2017-top-50-chart http://www.franchise.city/jambajuice/
Views: 4684 Franchise City
A longtime relationship between two allies, Amazon and UPS, has recently come under strain. WSJ's Laura Stevens discusses with Tanya Rivero. Photo: Reuterss Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 55498 Wall Street Journal
Why You Don't Want to Be a Chick Fil A Owner/Operator My honest experience in learning about the owner/operator opportunity. How to own a Chick-Fil-A / Chick-Fil-A Franchise / How to own a Chick Fil A / Chick Fil A owner / Chick Fil A operator / How to start a Chick-Fil-A / How to open a Chick-Fil-A / How much does a Chick Fil A make / Start a Chick-Fil-A / Chick Fil A Home office / Become a Chick Fil A operator / Start a Chick-Fil-A chain / Chick-fil-A franchise opportunity / Chick fil A Restaurant Operators / Chick Fil A home office / Chick Fil A tour / How to open a Chick fil A / How to work at chick fil a As a reminder; the Chick-fil-A franchised opportunity is not an investment opportunity. The Chick-fil-A franchise opportunity requires that the individual selected as the franchisee work in the restaurant fulltime having no other business endeavors. This is a hands-on opportunity for the franchisee.
Views: 49588 Mariah Vitoria
♦ FREE $100k Product List: https://www.brennanvaleski.com/100kproducts/ ♦ Shopify Mastery Course!: https://www.brennanvaleski.com/shopifymastery/ ♦ Shopify 14 day FREE trial: https://www.brennanvaleski.com/shopify Today I go over the entry cost to opening up a Shopify store for the eCommerce beginner. How much does it cost for a brand new store? Shopify allows you to pay on a monthly basis with no cancellation fees and include a 14-day free trial for all users. Shopify stores can be used for dropshipping products, selling your own stuff, or whatever else you want to do. This is all before marketing costs which can be through many different platforms, the most popular being Facebook and Instagram. Join The FREE Facebook Mastermind Group: https://www.facebook.com/groups/213391566082280/ Connect with me on Instagram: https://www.instagram.com/brennan_valeski/
Views: 16321 BrenSki
Not too long ago we did a video that looked at cleaning franchises both from the master franchise perspective as well as the individual unit franchise. This time we will focus on the dynamics of an individual unit so this will be for the folks investing $10,000 or less on a cleaning franchise. As always I'll give you the good and the bad of each situation and we will look at several other cleaning franchise options that you may not be aware of. Now by far the most publicly visible cleaning franchise model is where the master franchise sells unit franchises to aspring cleaners who want to own their own business. You have probably seen these ads locally selling cleaning franchises for anywhere from $2,000 to $12,000. How this franchise situation works is the master franchisee purchases the rights to set up a regional office that sells individual unit franchises to you. Simultaneously they also secure cleaning contracts for you to service. There are many franchises out there using this model in the commercial cleaning space like Jan-Pro, Jani-King and Anago. This can be a quick and easy way for someone to get started in their own cleaning business. It's not ideal, there are some tradeoffs but it is certainly the path of least resistance to get your own business running. In an ideal world both the master and unit franchisee benefit. Let's look at the reasons why. The Master Franchise owner retains most of the money you invest to buy this franchise so they make money from your investment. They will also retain a portion of the money that the customer pays when you perform the cleaning. So you might ask why the heck would I do all the cleaning work and pay someone on top of that? Well you don't have to, there are other options. But the rationale behind buying the unit franchise and paying royalties will make sense for some people based the benefits that you receive. Lets look at those benefits. Firstly the master franchise owner is taking care of the insurance which can be difficult and prohibitively expensive for a new start up business to obtain. Next the administrative tasks such as customer phone calls and client billing are handled by your master franchise owner. Its also often hard for a new business to get rolling if you have to wait 30-60 days to get paid which are usually the terms on commercial cleaning accounts. Your franchise however will cover you and pay you sooner. Next they will land all the contracts so you aren't having to cold call to businesses in your area to try and obtain cleaning contracts. The master franchise also presents a well known brand name that most businesses will be familiar with as well as a professional image. You will also benefit from business systems and processes to help you be more efficient. So there are benefits but for those benefits you will pay money. CON'T AT: http://www.franchise.city/cleaningfranchiseadvice/
Views: 3020 Franchise City
Viewer Question: Can I trust a sellers information when buying a business? Sometimes. Maybe. Why not structure the deal to protect yourself from lies regardless of the information? ▼▼CLICK ▼▼SHOW MORE▼▼FREE INFO & AUDIO BOOK▼▼ ★★★★★ Sign up for my MailChimp e-mail list http://eepurl.com/brqqjb ★★★★ ★Learn to buy a business with my full-day course. Find, analyze, value, structure, finance and execute your deal with this information: http://www.BusinessBuyerAdvantage.com ★How to do Small Local Investing Deals from A-Z. All the tools you need to make loans and leases to people and small businesses in your community: http://www.LocalInvestingCourse.com ★All three of my books in one Bundle: http://gum.co/dOntJ/20000 ★Buy my Book, Franchise Warnings. http://www.FranchiseWarnings.com ★Buy my Book, Invest Local. http://gumroad.com/l/quoB ★Buy my Book, Credit Card Advantage. http://gumroad.com/l/jgfa ★FREE 15 Business Finance Articles. http://gum.co/gCXjx/Free ★FREE How to find local investing deals audio book: http://gum.co/dEnAu/free ★Visit my blog http://www.InvestLocalBook.com ★Sign up for my MailChimp e-mail list http://eepurl.com/XKdW1 ★Talk to me on the phone about a deal you're working on or a decision you're considering http://www.clarity.fm/davidbarnett The Invest Local Book blog is all about small business, local investing, home economics, franchises, small business systems and borrowing money for your business. It's full of great content and I look forward to seeing your feedback. Please don't forget to subscribe to my YouTube channel so you don't miss any great content.
Views: 3827 David Barnett
https://1BusinessLoans.com 877-281-0678 Small business financing (also referred to as startup financing or franchise financing) refers to the means by which an aspiring or current business owner obtains money to start a new small business, purchase an existing small business or bring money into an existing small business to finance current or future business activity. There are many ways to finance a new or existing business, each of which features its own benefits and limitations. In the wake of the recent financial crisis, the availability of traditional types of small business financing dramatically decreased. At the same time, alternative types of small business financing have emerged. In this context, it is instructive to divide the types of small business financing into the two broad categories of traditional and alternative small business financing options. Here's a simple yet practical guide on how to go about preparing to apply for a small business loan. 1. What criteria do banks look for in making small business loans? Different banks or lending institutions may have different standards, but in general, in order to consider your application for a small business loan, banks will require: •The loan must be for a sound business purpose. For SBA-guaranteed loans, the business must be eligible based on size, use of loan proceeds and the nature of the business (no lending, speculating, passive investment, pyramid sales, gambling, etc.) •You and your partner(s) are of good character, have experience and good personal and/or business credit history •Ability to pay back the loan- reasonable to strong collateral (personal and business assets) is very important. SBA expects the loan to be fully secured, but we will not decline a request to guaranty a loan if the only unfavorable factor is insufficient collateral. And of course, owners must have personal equity investment in the business/skin in the game. Money is the lifeline of any business, so whether you're starting a business or running an existing one, securing financing is a major factor, especially for small businesses. SBA small business loans range from about $5,000 (microloans) to $5 million (largest guaranteed) with the average loan around $371,000. 5. How can you get financing to start a business since many banks want to fund growth? Start-ups are probably the most difficult ventures when it comes to securing financing. Many start-up businesses seek financing from family, friends and credit cards. If the credit is sound, the business plan strong and you have enough personal resources to invest and collateral to guarantee, smaller, community banks and other community financial institutions and Credit Unions may consider lending you money. Your best bet by far is SBA assistance. Begin by visiting SBA's website , where you will find a wealth of information not only on how to secure a small business loan but equally importantly, other services and training opportunities to help you succeed. 6. Are there associations that can help? SBA works closely with a large network of partners that leverage SBA resources and are just one phone call away and ready to provide extensive help. •SBA District/Branch Offices-- at least one in every state •SCORE-- (approximately 300 chapters nationwide) •SBDCs -- Small Business Development Centers; (approximately 900 locations nationwide; associated with higher education institutions (colleges and universities) •WBCs- Women's Business Centers (approximately 100 educational centers nationwide) Business Loan, Working Capital, Short term Loans, non-traditional loans, small business loans, fast capital ,unsecured loans, non-collateralized loans, merchant cash advance, cash advance, business cash advance, sba loans, line of credit, business investment, investors business,p2p lending, investor, business debt, investment loans, company funding, business lending group,p2p loans, capital investors small business loan, lending network, circle lending, endurance lending, usa funding, peer to peer business lending, invest in companies, how investing works
Views: 39447 1 Business Loans
Tom Hortons Restaurants- it doesnt get more Canadian than that, although Tim Hortons is now also available in the USA. If a Canadian client calls us - Tim Hortons is usually the franchise they think they want to buy. When I ask people why Tim Hortons, I have yet to hear a good reason other than "Theres always a line up" Well guess what , you don't get paid for line ups. Today why Tim Hortons may not be as great of a franchise as many people think. Taken from the Tim Hortons 2017 US FDD it will cost you $680,900 to $1,822,400 for a Standard Shop. Most shops cost around 1 million. Royalty 4.5% if you lease the building from Tim Hortons and 6% if not. Advertising fee will be 4%. Taken from their website you will need a minimum 1 million dollars net worth and $300,000 cash to be considered by the group. We get a lot of investor groups and business people who have several other businesses calling and asking about Tim Hortons. The first thing I ask is do you intend on working your other businesses full time? If yes, you can't buy a Tom Hortons because they will only accept owners who who are willing to commit to them full time. They also look for prior management experience, solid business acumen and you will need a partner. I was once told a joke that is because Tim Hortons will run a single human being into the ground. Tom Hortons was founded in 1964 by Canadian hockey player Tim Horton and partner and for many years Tim Hortons expanded to become one of the most Iconic Canadian brands. But as we always try and illustrate to people, every brand has a lifecycle, and unfortunately by the time these brands expand so big everyone wants one, the party is generally over. Bet you didn't know that Burger King purchased Tim Hortons for $11.4 billion dollars in 2014 and they became a subsidiary of the Oakville based Restaurant Brands International. RBI is majority owned by a company from Brazil called 3G capital. Now right when RBI took over many analysts, including us, knew this would not be pretty. Soon thereafter there was a Canadian Policy Alternatives study that suggested this company takeover is "likely to have overwhelmingly negative consequences for Canadians." The study analysed 3G Capital's past history of takeovers of Burger King, Heinz, and Anheuser-Busch and stated "it has a 30-year history of aggressive cost cutting, which could hurt Tim Hortons employees, small-businesspeople, Canadian taxpayers, and consumers. And we'll cover that in a minute but before we do let's back up a little. Back about 10-15 years ago Tim Hortons switched from baking fresh in store, to having their goods parbaked, which is partly cooked, frozen then delivered. But Tim Hortons very slogan was "always fresh" and this is where many Die hards thought Timmies had turned to the dark side. IN 2008 there was a class action lawsuit over this switch to parbaking for "breach of contract, breach of duty of fair dealing, negligent misrepresentation, and unjust enrichment" and the lawsuit cited that franchisee's costs to produce a doughnut literally tripled from 6 cents to 18 cents per donut, required new equipment and other expensive investments. That case was eventually dismissed however needless to say franchisees were not happy now making 3 times less on donuts than they had prior to parbaking and having to buy the goods from corporate. Remember you can't step in the same river twice? That river of three times profit passed over a decade ago. Since that time Tim Hortons and their franchisees have had a turbulent relationship. There is the 850 million dollar class action lawsuit where franchisees sued Tim Hortons for bullying and intimidation. The statement of claim read “Since the time of the corporate takeover of Tim Hortons, the relationship between Tim Hortons and its franchisees has become more adversarial than amicable,” on behalf of a franchisee group called the Great White North Franchisee association. Tim Hortons claims this organization is only a few negative owners, and has warned franchisees about spreading "misinformation" to analysts. The president of the GWNFA however suggests that over half of all Tim Hortons franchisees have joined the battle against corporate. https://www.timhortons.com http://www.franchise.city https://corporatereputationstudy.com/wp-content/uploads/2018/04/NATIONAL_CorpRepSurvey_2018.pdf https://en.wikipedia.org/wiki/Tim_Hortons https://www.policyalternatives.ca/publications/reports/trouble-brewing https://gwnfa.ca/ http://calgarysun.com/news/national/fallen-mightily-in-the-court-of-public-opinion-tim-hortons-reputation-ranking-tanks/wcm/2833cd97-ef2f-4363-b4f7-f1b81a46511e http://business.financialpost.com/news/retail-marketing/by-the-numbers-tim-hortons-franchisees-and-ontarios-minimum-wage-hike
Views: 13901 Franchise City
Learn to buy a business: http://www.BusinessBuyerAdvantage.com Learn more and join my list: http://www.DavidCBarnett.com Learn how to sell your biz: http://www.HowToSellMyOwnBusiness.com Related Article: So, If I was a business broker and I had all these sellers coming to see me, why didn’t I just buy some of the businesses and put managers in place so I could enjoy some passive income? This week I’ve been asked why I was so foolish as to not take advantage of free money with no work. Duh, I must have missed a lot of opportunities. Seriously though, lets examine this idea of being a passive investor who let’s other people manage a small business for them. Bonus: I’ll tell you the story of when I actually did pull off a deal like this and what the real-world results were. Not so passive I’m afraid. Watch the video: Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb Want to meet me in person? In the next few months I’ll be coming to Bridgewater, Nova Scotia, Moncton, New Brunswick, Saint John, New Brunswick, Toronto, St. Louis, MO and Las Vegas Baby.
Views: 6449 David Barnett
In this video I go over 10 Advantages in total for setting up a limited company vs sole trader - Watch until the end for the disadvantages too! My FULL Amazon FBA UK Course: https://jonny-bradley.com FREE AMAZONON FBA UK FACEBOOK GROUP: https://goo.gl/TBPSnn SUBSCRIBE: https://www.youtube.com/jonnybradley 7 Key Advantages Of Having A Limited Company + 2 bonus advantages and disadvantages of setting up a limited company vs sole trader. 1. Tax and Take Home 2. Distinct Entity 3. Limited Liability 4. Naming 5. Shareholders and Funding 6. Costs 7. Selling the Business and Succession 8. Credibility 9.Pensions 10. Splitting Income —— —— Must Have Software or services: Final Cut Pro: https://goo.gl/3ezNhJ Wix Websites: https://goo.gl/yVCXaB FETCHER: https://www.goo.gl/eSd9sa JUNGLESCOUT: http://www.goo.gl/2iLtLj Clickfunnels 14 Day Trial: https://goo.gl/9RJ9fY —— Recommended reading: DotCom Secrets: http://amzn.to/2wyQhZb Expert Secrets: http://amzn.to/2iUG98d 4 Hour Work Week: http://amzn.to/2wyBcH2 Business Idea Factory: http://amzn.to/2x5q8mg Get these recommendations as audio books for free: https://goo.gl/cxEpXo My info :) Facebook: https://www.facebook.com/jonny.s.bradley Instagram @JayBeeJonny Email: email@example.com
Views: 17647 Jonny Bradley
Passive income ideas are my favorite topic and I've found seven sources of residual income that you can use to make $5,000 a month. This detailed passive income tutorial will walk your through each but use the resource guides I've linked below for more information. I start out with the fastest and easiest passive income sources, two websites that will make you money immediately. You won't get rich from these two sources of online income but you won't have to do much anyway. See how to get started on Swagbucks and get this free $5 bonus: https://peerfinance101.com/swagbucks-review-legit/ Start making money online for everyday shopping, earn up to 25% cash back - https://peerfinance101.com/topcashback-review/ Next I talk about my favorite passive income source, blogging, and how I made over $60,000 last year on less than 20-hours a week. Blogging doesn't start out as passive income but it can be one of the best income generating assets after you get started. Get your blog started today with this special, risk-free offer from Blue Host https://myworkfromhomemoney.com/bluehost I also talk about two of my favorite alternative investments that have helped me stop chasing the stock market. Real estate crowdfunding and p2p investing are great passive income investing ideas compared to traditional real estate or fixed-income. Real estate crowdfunding gives you all the returns of property investing but none of the headaches. You get professional management which means passive income profits. Learn more about passive income real estate investing https://mystockmarketbasics.com/real-estate-crowdfunding-good-investment/ I love the constant cash flow I get from peer-to-peer lending and have talked about it often on the channel. I make 10% returns annually and it's completely passive. With the automated investing tool on Lending Club, I don't have to worry about reinvesting my money because the computer does it all for me. Which one of these three p2p investing strategies works best for you? https://mystockmarketbasics.com/lending-club-investing-strategy/ SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos Join me every Monday through Wednesday for a new video and the financial future you deserve. Wednesday is our Q&A video so subscribe to the channel and get your question in at https://peerfinance101.com/ask/ Join the Facebook communities for each blog: Personal Finance - https://www.facebook.com/peerfinance101/ Investing - https://www.facebook.com/mystockmarketbasics/ Making Money - https://www.facebook.com/myworkfromhomemoney/ Do you Tweet? Join us on Twitter at https://twitter.com/peerfinance101 Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
Views: 240400 Let's Talk Money! with Joseph Hogue, CFA
My construction business, the complementary service to my real estate business, failed. This is the story of failure. Take the lessons you can. **Follow me on Instagram: MeetKevin** FREE, Unlimited Tesla Super-Charging: Use this Tesla referral link: http://ts.la/kevin5689 (they usually charge you after a super amount of mileage charged if you don't use a referral code). - Sapphire referral link: - https://www.referyourchasecard.com/19/CYOOXMFVN1 ------------------ Best drone: http://amzn.to/2DKJYC5 Insane gimbal for super-smooth shots: https://amzn.to/2JmyKdS Camera: http://amzn.to/2GfKvRy Mic: https://amzn.to/2sy6QRF Lens: http://amzn.to/2HVnQY4 Lens Cover: https://amzn.to/2mPCojC Wind Muff: https://amzn.to/2JonU7c Backup Camera: https://amzn.to/2JmuE5f Muff for small camera: https://amzn.to/2LdU56F Tripod/Selfie for DSLR: http://amzn.to/2ucZWFl Stacking toolboxes in car: http://amzn.to/2HU4CCk Long case with tools: http://amzn.to/2IMWjJM Laptop stand: http://amzn.to/2GjGtbf Desk mic: http://amzn.to/2GfL3H6 Best tool to hack communication -- Post-it EXTREMEs: https://amzn.to/2MWbHFJ ------------------ I am not a CPA, attorney, or financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified CPA, attorney, or financial advisor.
Views: 28394 Meet Kevin
Today we are reviewing the KFC franchise, another huge name in the franchise world and one we are often asked about. Before we get started a bit of trivia - do any of you know where KFC head office is located? Any guesses? It's actually located at 1900 Colonel Sanders Lane in Louisville Kentucky. True story Taking it from the top according to the KFC 2017 Franchise Disclosure Documents the cost to open a KFC franchise is between $1,465,550.00 - $2,586,550.00. You are required to have at least a 1.5 million net worth and $750K available in liquid capital. A lot of people see it's only a $45,000 franchise fee and that's all the money they need to open a KFC - absolutely not true. Now KFC is another one of those names that people automatically think of when you talk about franchising. And again, like Subway and McDonalds, people who have not done much or any research will assume that because KFC restaurants are so popular, and so prevalent across North America that opening a KFC is a guarantee of success. But is it? Let's take a quick look at the QSR50 which is a listing of the top 50 Quick Service or as you probably know them, fast food restaurants. Now we can see that KFC is ranked at #13 by the QSR50 and had a total of just under 4000 operating restaurants in 2016. But let's take a look at some more important numbers to see what KFC franchise owners are actually earning. We can see that an average KFC franchise is taking in just over a million dollars in sales. These are gross figures so this is certainly not what is going in the owners pocket. For sake of comparison that is under half of what a Mcdonalds franchise earns. An average McDonalds franchise owner is making 2.5 million. Chick-fil-A is earning 4 times that per unit. For further comparison we work with an emerging food franchise that has AUV's of over 1 million dollars with only a 300-400k investment but that's a story for another day. Now obviously there are a lot of other considerations such as size of the location and your overhead and operational costs but let's keep it simple. Let's take a look at this column which represents total change in units. We see a negative which means KFC closed over 100 stores. Let's open up their recent FDD which will show the trend of growth or decline we see that in 2014 KFC closed 121 stores, 120 stores were closed in 2015 and 92 stores were closed in 2016. We also see that 2 company owned locations were closed in 2016. Now we have always suggested that people try and invest in franchises at the growth stage of the curve. Despite that fact most people, even seasoned investors with millions of dollars trend towards these "established" franchises because they think a big name in the top 15 will mean great returns. Well for 335 locations over the last 3 years that meant closing the doors. Now the KFC FDD indicates only the last 3 years however we have it on good authority the total number of store closures over the past 14 years has been over 1200 restaurants. Speaking of big names in franchising Subway closed over 900 stores last year and 300 the year before that yet people still flock to these concepts. Remember the emerging brands today are the McDonalds, KFC and Subways of tomorrow. KFC once one of the largest brands in America was never the same after the Founder, Colonel Harland Sanders passed away. Before we wrap up some Colonel Sanders history - he dropped out of school in grade 6, he was an actual Colonel, an army mule tender, an insurance salesman and didn't even start his franchise empire until after he reached retirement age. It took him only 10 years to reach over 600 Kentucky Fried Chicken locations. Don't forget to like and subscribe for franchise news and reviews, and if you need help finding a franchise call the experts at franchise.city.
Views: 17438 Franchise City
Kevin Smith from The Story Architect explains the process of identifying and validating a pricing model. His recommendation? Learn how the most popular pricing models work, then design simple tests to structure the right pricing strategy for your company. | Part 2 of 3
Views: 5405 MaRS Entrepreneurship Programs
See how UPS sorts and ships hundreds of thousands of packages every day. ➡ Subscribe: http://bit.ly/NatGeoSubscribe About National Geographic: National Geographic is the world's premium destination for science, exploration, and adventure. Through their world-class scientists, photographers, journalists, and filmmakers, Nat Geo gets you closer to the stories that matter and past the edge of what's possible. Get More National Geographic: Official Site: http://bit.ly/NatGeoOfficialSite Facebook: http://bit.ly/FBNatGeo Twitter: http://bit.ly/NatGeoTwitter Instagram: http://bit.ly/NatGeoInsta Ultimate Factories: UPS : http://channel.nationalgeographic.com/series/ultimate-factories/3330/Overview/?source=4003 Inside UPS | National Geographic https://youtu.be/VQReRnmCaqA National Geographic https://www.youtube.com/natgeo
Views: 181792 National Geographic
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Views: 4030 Jack Chapple
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