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It costs $10k to ‘own’ a Chick-fil-A franchise

thehustle.co

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Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#11

Post by BurningFrog »

Nextgrid wrote: post #2

I always found franchise initial startup costs to be predatory, as they get paid either way regardless of whether the franchisee actually succeeds. In my opinion they should be abolished and franchisors should only rely on royalties, so that they have an incentive to help the franchisee succeed if they want to make money.

If you read the article, this is where Chik-fil-A is radically different - and cheaper - than its competitors.

This naturally means it's very hard to qualify for one.

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#12

Post by flatiron »

baron816 wrote: post #9

> With a 0.13% acceptance rate, it’s harder to become a Chick-fil-A franchisee than it is to...get a job at Google (0.23%) I think I'd rather just get a job at Google.

They said $150-$250k a year for the owner so you would get paid better too.

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#13

Post by Forge36 »

staticautomatic wrote: post #5
whatshisface wrote: post #3

Earlier quoted context omitted.

Who should abolish them?

Are you being facetious?

It's a valid question. State government? Local? Federal?

International agreement?

The franchise brand owner had no incentive, so while it's possible to abolish them through government. It's not clear why we'd go that direction. Given the franchise brand owner takes on additional risk it's not clear why they'd move to take on risk without gain

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#14

Post by prostheticvamp »

flatiron wrote: post #12
baron816 wrote: post #9

> With a 0.13% acceptance rate, it’s harder to become a Chick-fil-A franchisee than it is to...get a job at Google (0.23%) I think I'd rather just get a job at Google.

They said $150-$250k a year for the owner so you would get paid better too.

150-250k a year for a 60hr a week job as the “owner”.

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#16

Post by rjvir »

giancarlostoro wrote: post #7
Nextgrid wrote: post #2

I always found franchise initial startup costs to be predatory, as they get paid either way regardless of whether the franchisee actually succeeds. In my opinion they should be abolished and franchisors should only rely on royalties, so that they have an incentive to help the franchisee succeed if they want to make money.

If you dont want to pay you join a different franchise or start your own restaurant. I fail to see the issue. Nobodys putting a gun to your head to open up a CFA restaurant.

It's possible to be predatory without holding people at gunpoint.

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#17

Post by barbecue_sauce »

prostheticvamp wrote: post #14
flatiron wrote: post #12

Earlier quoted context omitted.

They said $150-$250k a year for the owner so you would get paid better too.

150-250k a year for a 60hr a week job as the “owner”.

That sounds like reasonable compensation for a 60hr a week job.

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#18

Post by dudus »

prostheticvamp wrote: post #14
flatiron wrote: post #12

Earlier quoted context omitted.

They said $150-$250k a year for the owner so you would get paid better too.

150-250k a year for a 60hr a week job as the “owner”.

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.

Re: It costs $10k to ‘own’ a Chick-fil-A franchise

#19

Post by tehlike »

baron816 wrote: post #9

> With a 0.13% acceptance rate, it’s harder to become a Chick-fil-A franchisee than it is to...get a job at Google (0.23%) I think I'd rather just get a job at Google.

You can potentially scale the chickfila to 2-3, though, and you can imagine you can get other franchises eventually.
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