Any of you 1% folks invest in franchises?

[closetohumping 17433]

Been gettin that itch as this 8 to 5 stuff wears me down.  I know restaurants are much longer hours, but I was in the business all of my life and actually owned one of my own.  But,but CTH, if you already owned one, why go the franchise route?  Because I'm looking for the easier button.  Any stories?  Good, bad, nightmares, successes, don't matter.  

 

I saw one for a Mac n Cheese chain.  didn't dive deep, but wondering if something easy like that could work?

[52-80 19143]

yer mum did, she called it the Dick Fil A

[Blotto 23487]

13 minutes ago, 52-80 said:

yer mum did, she called it the Dick Fil A

was that before she got into Taco Smell?

[Sbbruin 21829]

I invested in one of these.  It was wildly more profitable than I originally expected.  

[Continental Op 3934]

Hello sir may I interest you in an Eskimo Hut franchise? 

[T’Boo Ted Marshall 2731]

I’m not a fan of franchises. Too many strings attached when you might want/need to sell.

[Sbbruin 21829]

 

[Johnny Chimpo 478]

It’s been pretty well covered in this thread 

Investing in a franchise

Edited February 4, 2021 by Johnny Chimpo

[troph 24781]

Not a fan - at all.  Start journaling about things you think make sense for a business, start doing due diligence, take a look at what you know what’s adjacent to what you know, match with a need, uncover risks and solve for them, find others to fill expertise gaps and start something close to your skill set. Start small, don’t go all in, then next thing you know it’s yours and it’s working.  Starting and building a business is old fashion work with a strong strategic component. But it’s not magic. 

Edited February 5, 2021 by troph

[Doc Reeves 6434]

I believe there’s a poster on here who works for a company that matches franchises with investors wants and expectations. He had some amazing insight he put on TOS that helped bring things into focus for me, personally. 

 The reality is that it’s an incredible amount of work to be successful. The more hands off you are the more you have to pay for adequate management.  

[TwiceHorn 31436]

As an IP guy who has been involved in some franchise disputes, I would offer that the BRAND is all that a franchisor has to sell.  That brand had better be worth it.  They like to pretend that they are giving you all kinds of business help, a turnkey business if you will, but that tends to be illusory and all the "procedures" you have to follow and items you have to buy bearing the brand just become a needless and expensive hindrance.

 

[Tailgate 3021]

Better off starting your own concept (brand).