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I've heard similar tales here in Michigan when Dominos and Little Caesars were getting started. A worker gets a franchise and in a couple of years he's got a d
by rmason 6y ago
I've heard similar tales here in Michigan when Dominos and Little Caesars were getting started. A worker gets a franchise and in a couple of years he's got a dozen.
In Lansing Biggby's Coffee got started. Right now they're in a dozen states. I've met the two founders, one of their first employees who was a recent immigrant now owns over 100 stores.
- adventured 6y agoIt's a very successful model if you have discipline and the required cash flow to roll from property to property, scaling the cash flow. It's the same reason it can work so well in real-estate. In small franchise attempts, most people get stuck in the first few units, their margins don't kick off enough cash and entropy eats at them persistently. Fat margins are your primary protector against the zillion problems that will try to kill you early on. Anyone that can successfully build a self-sustaining expansion (in franchising) on tiny margins will always have my utmost respect, it's exceptionally difficult to do.