4 ms·

150-250k a year for a 60hr a week job as the “owner”.

barbecue_sauce 7y ago
That sounds like reasonable compensation for a 60hr a week job.
dudus 7y ago
Not sure if you are implying this is not such a great deal but that's what it sounded to me. 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.
- big_chungus 7y ago
  He's also forgetting that a huge number of these are in "normal" America with much lower costs of living and no state income tax. That kind of money goes much farther there.
- kelnos 7y ago
  You can't really compare it to "any other job", since a franchise owner needs to front (or be able to raise via loans or investment) a cool million or two just to get started. $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.
  - tfehring 7y ago
    As described in the article, Chick-fil-A (not the franchisee) covers all costs except for the $10k franchise fee, in exchange for a much higher share of revenue than competing restaurants. I'd hope that competitors' franchisees make more than $150k-$250k/year in exchange for their $2M upfront/borrowed + 60 hours/week.
pbhjpbhj 7y ago
Do they accept job-shares for the position of owner. That's a pretty sweet deal for a $75k-$125k @ 30hr/week job?
- lonelappde 7y ago
  Of course they do. The franchise police don't take away your franchise if they catch someone helping you.
codegeek 7y ago
Yes but at some point, if you have the right brains and vision, you can slowly replace yourself in the business, even if not completely. In a job no matter where, you stop working, your income goes to 0. Period.
manigandham 7y ago
That's fantastic income for anyone once you get past the highly skewed Silicon Valley bubble. Most people work far more for less and would love to have their own business with this much potential earnings and low startup cost.
regulation_d 7y ago
When I worked at Chick-fil-A, I knew quite a few operators that worked less than 40. This is where Chick-fil-A’s ownership model helps them. Managers who want to be operators will work for less than they can earn other places for a chance at being an operator, because CFA tends to hire internally.

That sounds like reasonable compensation for a 60hr a week job.

Not sure if you are implying this is not such a great deal but that's what it sounded to me. 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.

big_chungus 7y ago
He's also forgetting that a huge number of these are in "normal" America with much lower costs of living and no state income tax. That kind of money goes much farther there.
kelnos 7y ago
You can't really compare it to "any other job", since a franchise owner needs to front (or be able to raise via loans or investment) a cool million or two just to get started. $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.
- tfehring 7y ago
  As described in the article, Chick-fil-A (not the franchisee) covers all costs except for the $10k franchise fee, in exchange for a much higher share of revenue than competing restaurants. I'd hope that competitors' franchisees make more than $150k-$250k/year in exchange for their $2M upfront/borrowed + 60 hours/week.

pbhjpbhj 7y ago

Do they accept job-shares for the position of owner. That's a pretty sweet deal for a $75k-$125k @ 30hr/week job?

lonelappde 7y ago
Of course they do. The franchise police don't take away your franchise if they catch someone helping you.

codegeek 7y ago

Yes but at some point, if you have the right brains and vision, you can slowly replace yourself in the business, even if not completely. In a job no matter where, you stop working, your income goes to 0. Period.

manigandham 7y ago

That's fantastic income for anyone once you get past the highly skewed Silicon Valley bubble. Most people work far more for less and would love to have their own business with this much potential earnings and low startup cost.

regulation_d 7y ago

When I worked at Chick-fil-A, I knew quite a few operators that worked less than 40. This is where Chick-fil-A’s ownership model helps them. Managers who want to be operators will work for less than they can earn other places for a chance at being an operator, because CFA tends to hire internally.