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The Round Table
Franchise Question
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<blockquote data-quote="JJPHOTO" data-source="post: 43694" data-attributes="member: 506"><p>Over the years I've looked at several restaurant franchises and I'm always amazed at the requirements they want. Seems the standard is the franchise upstart (usually around 50K), you buy the real estate, and they want you to have 1 million liquidity and 1 million net worth.</p><p></p><p>I've personally known many people that have franchises and NONE of them have that kind of cash. We've known two couples that started franchises and aren't millionaires. I also know a guy that came over from India penniless and started a Holiday Inn here... he's now wealthy.</p><p></p><p>So what's the deal? How are they getting the franchise without having the eleventy billion dollars in the bank? :scratch:</p></blockquote><p></p>
[QUOTE="JJPHOTO, post: 43694, member: 506"] Over the years I've looked at several restaurant franchises and I'm always amazed at the requirements they want. Seems the standard is the franchise upstart (usually around 50K), you buy the real estate, and they want you to have 1 million liquidity and 1 million net worth. I've personally known many people that have franchises and NONE of them have that kind of cash. We've known two couples that started franchises and aren't millionaires. I also know a guy that came over from India penniless and started a Holiday Inn here... he's now wealthy. So what's the deal? How are they getting the franchise without having the eleventy billion dollars in the bank? :scratch: [/QUOTE]
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