51–60 of 233 posts
> At $4.2m per store, Chick-fil-A’s average revenue is the highest of any fast-food chain in America, dwarfing both direct competitors (KFC; $1.2m) and bigger brands (McDonald’s; $2.8m) Wow, I did not know this. Why is that?
> At $4.2m per store, Chick-fil-A’s average revenue is the highest of any fast-food chain in America, dwarfing both direct competitors (KFC; $1.2m) and bigger brands (McDonald’s; $2.8m) Wow, I did not know this. Why is that?
They're clearly not just wanting to sell their brand - they're wanting to own their brand.
The 10k is just a token - It's maybe more than you have in your clearing account, but a figure that most people could likely produce and is just an indicator that "you're serious"
Important part is that they put you through the grinder to make sure you're the person they want to run their store. To be honest just looks like a regular job interview - with the exception that they charge you to join the company, but you get a cut of the profits.
Not even sure if they're in the UK yet, but you can see the converse with Subway that keeps appearing all over the place, despite not having any customers.
My biggest takeaway from this is that Wendy's standards are surprisingly high. Why do they require a net worth of $5 million when most seem to top out at $1 million? Is it a way of ensuring a lower closure rate as people with $5 million net worth are less likely to go bankrupt and shut down the restaurant?
[1]https://www.thebalancesmb.com/most-popular-food-franchises-a...
[2]https://www.thebalancesmb.com/wendy-s-franchise-review-13503...
> At $4.2m per store, Chick-fil-A’s average revenue is the highest of any fast-food chain in America, dwarfing both direct competitors (KFC; $1.2m) and bigger brands (McDonald’s; $2.8m) Wow, I did not know this. Why is that?
Fantastic food that is higher quality than the typical chains. Served fast and close to the same prices. Individually owned and operated with tight franchise oversight. Also the faux Twitter outrage has helped give them more popularity.
> At $4.2m per store, Chick-fil-A’s average revenue is the highest of any fast-food chain in America, dwarfing both direct competitors (KFC; $1.2m) and bigger brands (McDonald’s; $2.8m) Wow, I did not know this. Why is that?
> At $4.2m per store, Chick-fil-A’s average revenue is the highest of any fast-food chain in America, dwarfing both direct competitors (KFC; $1.2m) and bigger brands (McDonald’s; $2.8m) Wow, I did not know this. Why is that?
Fantastic food that is higher quality than the typical chains. Served fast and close to the same prices. Individually owned and operated with tight franchise oversight. Also the faux Twitter outrage has helped give them more popularity.
> 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.
I think either of these acceptance rates are computed by casting the widest net possible. Nevertheless I have to believe Chick-Fil-A has a very rigorous process for hiring managers, who in turn know how to hire good workers; I have never once encountered the typical surly fast food worker at any of their restaurants.
Quote the opposite. In a Forbes (or similar business publication) last month it stated that Chick-Fil-A is very selective about who it allows to have a franchise. It gets something like 20,000 applications each year but only awards a few franchises.
Apparently the biggest factor in getting a franchise is whether the owner has a demonstrated history of investment and involvement in the community.
I was in Vegas a few months ago and saw construction signs for a new Chick fil A at Planet Hollywood on the Strip. Can only imagine how profitable that location would be.