Anyone ever owned or currently own a franchise?

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  • 1337coug
    Junior Member
    • Oct 2009
    • 578

    #16
    Originally posted by Mormon Red Death View Post
    specifically a food franchise. Even more specific pizza.

    If so what are your thoughts? Has it or was it good? Did it make money? Any things to look out for? Any advice you wish you had?
    I'm currently working at 5 buck pizza in bountiful which is a franchise and it's been seriously struggling to make it. Things have picked up a bit (there's no more talk of closing), but the big problem is that people are really cheap, and they've come to expect a $5 large with no wait.

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    • The Fourth Nephite
      Junior Member
      • Mar 2009
      • 781

      #17
      Dude, they recommend you locate next to a video store. There aren't gonna be any video stores after another year or two.

      Think long and hard about aligning with a company that is so shortsighted.
      "I'm going to go back to CUF now, where the censorship is less, the average IQ is higher, and we don't have to deal with so much of this nonsense. Goodbye." - SoonerCoug

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      • The Fourth Nephite
        Junior Member
        • Mar 2009
        • 781

        #18
        Originally posted by Ted Nugent View Post
        I have a friend that use to own a few Blimpies. It was a tough business. The corporate people were living hell to work with, he had a hard time keeping employees, and the employees would steal meat/money a lot. One of the stores was near an university and did very well. The other one was in a not so good location and didn't do so well (I think lost money or just broke even on that one). He ended up selling the franchises and getting into another business because of mainly the stress.

        I have heard of Jet's Pizza even though there seems to be fairly close to where I live according to their web site. I don't know what the franchise fee is but have you priced it against something like a Subway?

        $20,000 bucks franchise fee.

        Total of 250-300k needed to get started.
        "I'm going to go back to CUF now, where the censorship is less, the average IQ is higher, and we don't have to deal with so much of this nonsense. Goodbye." - SoonerCoug

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        • Uncle Ted
          The Big 12 money shot.
          • Apr 2010
          • 28853

          #19
          Originally posted by The Fourth Nephite View Post
          $20,000 bucks franchise fee.

          Total of 250-300k needed to get started.
          If you are opening a new area that they are not currently in I would think you should be able to negotiate that fee down quite a bit. The franchise won't have a name in a new area.
          "If there is one thing I am, it's always right." -Ted Nugent.
          "I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
          "Yet I still see wisdom in that which Uncle Ted posts." -creek.
          GIVE 'EM HELL, BRIGHAM!

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          • statman
            Rabblerouser
            • Aug 2009
            • 2799

            #20
            Originally posted by CardiacCoug View Post
            I have a good friend who owns a Burger King franchise. It's a helluva lot of work and he has struggled the last few years.

            I have this crazy idea that opening a Culver's and/or a Trader Joe's in the SLC would be awesome and potentially very profitable.

            Culver's is absolutely delicious -- how could owning the only Culver's in Utah not be an outrageously successful venture?
            Trader Joes will never come to Utah. :-( No wine sales in grocery stores allowed here. And the cheap wine is a big part of their business model.

            Unfortunately, we'll probably never get Aldi either. Owned by the same group (Aldi-Sued) and they said they only have plans to do future expansion with both banners simultaneously - distribution chain issues, etc.
            Last edited by statman; 07-24-2010, 08:17 PM.

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            • FN Phat
              I ♥ gateway sex
              • Feb 2009
              • 8691

              #21
              Originally posted by statman View Post
              Trader Joes will never come to Utah. :-( No wine sales in grocery stores allowed here. And there cheap wine is a big part of their business model.

              Unfortunately, we'll probably never get Aldi either. Owned by the same group (Aldi-Sued) and they said they only have plans to do future expansion with both banners simultaneous - distribution chain issues, etc.
              We have an Aldi's in town. My wife loves that store. It is a bit of a lottery. Some days the place has what you want and you save a ton of money on it. Other days you can't find a damned thing.
              I'm your huckleberry.


              "I love pulling the bone. Really though, what guy doesn't?" - CJF

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              • falafel
                loves to talk on things
                • Mar 2009
                • 37910

                #22
                Originally posted by statman View Post
                Trader Joes will never come to Utah. :-( No wine sales in grocery stores allowed here. And there cheap wine is a big part of their business model.

                Unfortunately, we'll probably never get Aldi either. Owned by the same group (Aldi-Sued) and they said they only have plans to do future expansion with both banners simultaneous - distribution chain issues, etc.
                Wait wait wait, Aldi and Trader Joe's are owned by the same company?

                That's like.... well that's like something else equally hard to believe.
                Ain't it like most people, I'm no different. We love to talk on things we don't know about.

                Dig your own grave, and save!

                "The only one of us who is so significant that Jeff owes us something simply because he decided to grace us with his presence is falafel." -- All-American

                "I know that you are one of the cool and 'edgy' BYU fans" -- Wally

                GIVE 'EM HELL, BRIGHAM!

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                • statman
                  Rabblerouser
                  • Aug 2009
                  • 2799

                  #23
                  Originally posted by FN Phat View Post
                  We have an Aldi's in town. My wife loves that store. It is a bit of a lottery. Some days the place has what you want and you save a ton of money on it. Other days you can't find a damned thing.
                  They have one version of everything. One kind of canned beans. One kind of corn. One kind of frozen pizza. It's just as often a name brand as an off brand, but it's not always the same brand. Its whatever huge bulk order they can get the best price on. And the special items are really hit or miss. Sometimes they've got absolutely amazing deals on stuff like TVs or PCs or laptops. Other times they have nothing of interest. Again, it's all based on what they can order cheaply in bulk.

                  The guy that owns the company is one of the top-10 wealthiest people in the world. His brother owns Aldi-Nord, and is also in the top-10. For something to be put in the stores, he has to actually like eating it. That way he keeps really cheap second-quality stuff off the shelves.

                  It's a pretty amazing business model. There are now three or four clones of Aldi in Germany - clones that used to have much broader product lines, but that simply couldn't compete with Aldi on the one thing that matters most - price. WalMart considers Aldi the only competitor that they have to fear in the grocery business...

                  And yes, it is strange that Aldi and Trader Joes are owned by the same guy. But think about it - it's the same business model - one kind of everything - but targeted at a higher end of the market.

                  [ame="http://en.wikipedia.org/wiki/Trader_Joe%27s"]Trader Joe's - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Trader_Joes.svg" class="image"><img alt="Trader Joes.svg" src="http://upload.wikimedia.org/wikipedia/en/thumb/e/e0/Trader_Joes.svg/200px-Trader_Joes.svg.png"@@AMEPARAM@@en/thumb/e/e0/Trader_Joes.svg/200px-Trader_Joes.svg.png[/ame]

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                  • Chachi
                    Junior Member
                    • Jun 2010
                    • 247

                    #24
                    The problem with Aldi's here is that, with the weekly change of specials, they don't order enough to last more than a day! They had a stainless steel 4-burner gas grill for $189, and within 2 hours of the store opening they were sold out. My husband likes their Fit & Active line of food. Their produce is always way cheaper than any other store, even Sam's Club. Dole Pineapples are 99 cents! Eggs can be 49 cents for a dozen large. Milk is always cheaper too. I just hate going to 3 grocery stores with 3 little ones to get the best prices in town. Besides that, my grocery getter is a F150...so what I would save I waste on gas just to get there.

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                    • Mormon Red Death
                      BYU Delenda Est
                      • Nov 2008
                      • 8077

                      #25
                      Originally posted by Chachi View Post
                      The problem with Aldi's here is that, with the weekly change of specials, they don't order enough to last more than a day! They had a stainless steel 4-burner gas grill for $189, and within 2 hours of the store opening they were sold out. My husband likes their Fit & Active line of food. Their produce is always way cheaper than any other store, even Sam's Club. Dole Pineapples are 99 cents! Eggs can be 49 cents for a dozen large. Milk is always cheaper too. I just hate going to 3 grocery stores with 3 little ones to get the best prices in town. Besides that, my grocery getter is a F150...so what I would save I waste on gas just to get there.
                      I have an Aldi's within walking distance from our home and its fantastic. For staples items (Milk, cheese, veggies, fruit etc...) you can't beat the price. Its probably 75% of Kroger and Meijers. But if you need something a little more specific you will have to go to a bigger store.
                      "Be a philosopher. A man can compromise to gain a point. It has become apparent that a man can, within limits, follow his inclinations within the arms of the Church if he does so discreetly." - The Walking Drum

                      "And here’s what life comes down to—not how many years you live, but how many of those years are filled with bullshit that doesn’t amount to anything to satisfy the requirements of some dickhead you’ll never get the pleasure of punching in the face." – Adam Carolla

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                      • All-American
                        Right, as Usual
                        • Nov 2008
                        • 15645

                        #26
                        I've always dreamed of owning the Dallas Cowboys.
                        τὸν ἥλιον ἀνατέλλοντα πλείονες ἢ δυόμενον προσκυνοῦσιν

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                        • wuapinmon
                          Soul Plumber
                          • Dec 2008
                          • 30711

                          #27
                          The pizza business is cut-throat, especially if you do deliveries. I did six years at Pizza Hut as a shift manager/driver, and I went to enough training meanings and had to understand the financials enough to know that the good money comes from fast-dime repeat customer business. Pricepoint is the killer, and Little Caesar's $5 hot n' ready is killing some markets.

                          But, if you get big contracts (school lunch, MTC, Cougareat, Cannon Center, Marriott Center [I still hate you, Mick Hill], and Seven Peaks), you can make some serious scratch. The MTC would order 1021 large pies every six weeks. That was a busy day, but we cleaned out the coolers.
                          "Wuap's "problem" is that he is smart & principled & committed to a moral course of action. His actions are supposed to reflect his ethical code.
                          The rest of us rarely bother to think about our actions." --Solon

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                          • Color Me Badd Fan
                            Senior Member
                            • Jan 2009
                            • 12519

                            #28
                            Originally posted by statman View Post
                            Trader Joes will never come to Utah. :-( No wine sales in grocery stores allowed here. And the cheap wine is a big part of their business model.

                            Unfortunately, we'll probably never get Aldi either. Owned by the same group (Aldi-Sued) and they said they only have plans to do future expansion with both banners simultaneously - distribution chain issues, etc.
                            Is Aldi the same thing as Aldi in Germany?

                            EDIT. Okay I read further and it looks like Aldi is the same thing. I actually didn't care for the place in Germany. There was a place called Lidls (IIRC) that I liked better.
                            Last edited by Color Me Badd Fan; 07-26-2010, 02:19 PM.
                            Part of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”

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                            • falafel
                              loves to talk on things
                              • Mar 2009
                              • 37910

                              #29
                              Originally posted by All-American View Post
                              I've always dreamed of owning the Dallas Cowboys.
                              Will you settle for the Denver Broncos?
                              Ain't it like most people, I'm no different. We love to talk on things we don't know about.

                              Dig your own grave, and save!

                              "The only one of us who is so significant that Jeff owes us something simply because he decided to grace us with his presence is falafel." -- All-American

                              "I know that you are one of the cool and 'edgy' BYU fans" -- Wally

                              GIVE 'EM HELL, BRIGHAM!

                              Comment

                              • Flystripper
                                Degenerate Gambler
                                • Nov 2008
                                • 14089

                                #30
                                Originally posted by CardiacCoug View Post
                                I have a good friend who owns a Burger King franchise. It's a helluva lot of work and he has struggled the last few years.

                                I have this crazy idea that opening a Culver's and/or a Trader Joe's in the SLC would be awesome and potentially very profitable.

                                Culver's is absolutely delicious -- how could owning the only Culver's in Utah not be an outrageously successful venture?
                                I fully support any and all frozen custard additions to society
                                Dyslexics are teople poo...

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