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>> Restaurants operate on tiny margins If you are a KFC/Burger King/McDonalds franchisee then it seems to work but I have lost count the number of establishmen
by tibbydudeza 5y ago
>> Restaurants operate on tiny margins
If you are a KFC/Burger King/McDonalds franchisee then it seems to work but I have lost count the number of establishments that open/closes in that one spot of our local mall.
Pub/Indian/Pizza/Chinese/Fish & Chips/ - they come and go.
- coredog64 5y agoI would draw a further distinction. Some franchise operations (thinking Subway and Little Caesars) don’t really care if you make it: They get their money up front and you have to pay to get out. McD is more strategic: They want a good business plan, location, etc. and are very picky at the cost of some false negatives.
- greedo 5y agoThey also require a huge amount of capital for new franchisees.