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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
by 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 agoHe'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 agoYou 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 agoAs 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.