I think I'd rather just get a job at Google.
I think I'd rather just get a job at Google.
Quote the opposite. In a Forbes (or similar business publication) last month it stated that Chick-Fil-A is very selective about who it allows to have a franchise. It gets something like 20,000 applications each year but only awards a few franchises.
Apparently the biggest factor in getting a franchise is whether the owner has a demonstrated history of investment and involvement in the community.
Maybe from the perspective of a tech person in silicon valley that's not great. But in comparison with pretty much any other job out there this is stellar.
$150k-$250k/year is a fairly nice ROI for even $2M (though taking on loans or investment changes the math), but the calculation gets a little murkier when you factor in additionally needing to work 60 hours/week, six days/week to keep it coming in.
Put another way, if you already have access to $2M, $150k-$250k/year might not seem all that attractive when compared to what you've done prior to that.
Most people work far more for less and would love to have their own business with this much potential earnings and low startup cost.
In most cases, they aren’t permitted to “own” multiple locations. They aren’t permitted to run any other business.