3 ms·
I own several well known franchised fast food restaurants for 25 years.
by drhowarddrfine 17y ago
I own several well known franchised fast food restaurants for 25 years.
- Shamiq 17y agoDo you have anything written up about being a franchise owner? I've heard of a couple people doing quite well, but I'm not sure what kind of effort goes into it.
- drhowarddrfine 17y agoI forgot the OP asked about the outcome. I started with this franchisor when they were virtually unheard of, and now I'm sure all of you have eaten in one. For me, it's been highly successful and I earn a substantial income from it. However, the first few years were very difficult because it wasn't what I was used to. It's a totally different environment from professional engineering including the people. Dealing with them is quite different. Running a restaurant means it's always on your mind. Things are always going wrong, mostly from people quitting, so it requires a lot of hours. It's also very hard on other family members, or perhaps due to other family members, that might want to put their two cents into how you should be running things. (Mostly wives.) Almost everyone I know has provided themselves some income to a good salary but there were a few who went bankrupt. Now that's a few out of a hundred in my region.