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Anybody own a franchise business?

Discussion in 'BlackHat Lounge' started by beyondrecruiters, Dec 14, 2009.

  1. beyondrecruiters

    beyondrecruiters Junior Member

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    I'm thinking of starting a starbucks in my area. I have the perfect location in mind. I'm new to this business and am not sure of the startup costs, franchise license, etc.

    Can anyone share their experience?
     
  2. blackmagiquellc

    blackmagiquellc BANNED BANNED

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    sure. It takes a good amount of startup and you won't hit profit area for a couple years

    It's 10 hour days and filing like crazy - if you have the time, money and devotion- you could make 300K-500K a year running a good one. Then open more :)


    Good luck :)
     
  3. jetti789

    jetti789 Junior Member

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    I don't think Starbucks franchises. The stores are company owned.
     
  4. pakelika10

    pakelika10 Registered Member

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    No starbucks does not franchise, but there are other coffee franchises, just google franchises im sure you will find the answers your looking for.
     
  5. DeadEyesOpened

    DeadEyesOpened Junior Member

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    I manage a franchise business (think quick print).

    9% of gross sales goes to the owner of the franchise, 3% is returned via promotion, having said that, much of the promotional material has to be paid for.

    It's long hours and hard work, but the right site can really pay off. If you are buying into a successful franchise, ask other franchise owners how it is going, pick their brains hard, they should be making good money for you to even consider buying into the group.

    Above all follow the system, if you don't follow the system they will not be able to help you when you need help.
     
  6. BlackBlackBlack

    BlackBlackBlack Newbie

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    I used to and it sucked big time. I was putting 60-80 hours per week when the business first started and then I had to deal with employees who had more drama than Tiger Woods wearing a strap on in Strip club.

    I would suggest to save the $100,000 - $200,000 and learn to flip REO properties. I know a guy who is doing it about 4 times per year and nets at least $30,000 per flip.

    Or spend $5,000 learning PPC and PPV and then never work again.

    If you have some detailed questions PM me. I do have ALOT of insight to this but can't really say alot since I ended up suing the franchisors.

    It was a 2 year legal battle where no one won