3 ms·
A franchise is barely above MLM. Local "owner" is really an employee, takes on the risk and gets minimal profits.
by lonelappde 7y ago
A franchise is barely above MLM. Local "owner" is really an employee, takes on the risk and gets minimal profits.
- kelnos 7y agoFor Chik-fil-A, yes, since corporate fronts all the money and owns the location and improvements; there, you're maybe a little more than an employee-manager, but not by much. For most others, not so much, since you own the result of your initial investment.
- sixtypoundhound 7y agoUh...this is a common conflict between owner-operators and franchise groups. Also a common area of abuse. There was a sandwich shop chain in the US where this got very ugly a few years ago...
- reiichiroh 7y agoWas it Quiznos with the franchisee committing suicide in the store bathroom with a shotgun?
- sixtypoundhound 7y agoYup. But it was more than that one guy, the whole model was crap and they kept selling more units... https://www.restaurantbusinessonline.com/financing/brief-history-quiznos-collapse https://www.restaurantbusinessonline.com/financing/brief-his...
- philwelch 7y agoWhich is really a shame since the sandwiches are so good.