Thank you for this wonderful info. I’m unemployed right now. Trying to find a franchise that might suit me. Lost my job before the pandemic surviving thyroid cancer but still dreaming of owning a Franchise.
Actual examples start at 2:35. Important information for investors starts at 0:00 :-) Need help finding the best franchise for your situation? Call Franchise City brokers: www.franchise.city/our-services
I am in the restaurant industry and all I can say is this guy knows what he is talking about. Ice cream store revenue is not high especially fluctuated due to weather and season. Subway is goin down (my cousin owns it).
Subway I’m guessing because there are so many other better sandwich options - like Jimmy John’s, and Pot Belly - right across the street from our Subway (and Chipotle) right next to it - not sure how they survive!
You consistently provide excellent information and superb advice. And you do so in a clear and engaging way . I am well past the age where I would do a franchise 😎🌴 I watch you just to keep my mind sharp and learn because once you stop learning you are headed to mental deterioration. Plus your videos are so well produced !!
I have researched a bit and seen truly unique range. Some franchises have more hands on some hands off, some good roi some worse, some are profitable from single unit pov some are profitable from Multi-unit ownership pov
As always your videos of great. I have noticed that you seldomly do videos on passive income, is that because even if we do have enough money to invest, most profitable business are going to take a lot of work upfront? I ask because I'm about to start med school, so I will not have the time to be very hands on with any side business for a few years.
Thank you. And mostly yes. There are very few truly 100% "passive" businesses from a start-up perspective. Several franchises suggest they are passive, but if your manager quits, or if anything happens the manager can't handle, the business becomes hands on rather quickly. There are some options better than others, but realistically an owner should be prepared to put in work. The exception is the purchase of multi units where a director is installed to take care of everything. These are typically investor groups/celebrities etc. The capitalization has to be there to start. Purchasing an already operating franchise with manager in place can be a safer option, but still not foolproof. Good topic for future vid. thanks!
I know you said food franchises arent as profitable as people think, but has there ever been a situation where someone's food franchise was very profitable because they brought the franchise into a city that didn't have that particular franchise?
Absolutely! There are thousands of very profitable food franchises. We're speaking in generalities and averages. There are some excellent food franchises, that in some cases can be the best choice within a given territory. Thx for the question.
Can you do one on the truck route businesses such as Frito-Lay by PepsiCo but they're actually like representative of the company they drive a company truck that they have to buy and pay for and they call a new one cost $20,000 and up if you don't pay the $20,000 and up you get the 11,000 and down with no back office support or technical support and no backup is the engine goes down
Impossible to make any recommendations without knowing more. Its free to speak with a broker just call us! Once we know your goals/budget/skills/market we can show you with multiple options: www.franchise.city/our-services Thanks for the question!
Our average investor has under $100k available, and yes, many are successful. Not sure what you mean about needing 1m? And initial investment amounts are noted in the video. Thanks for watching.
After earning a BA in Marking with a Psychology minor- My Advice: A person assumes just because they can cut hair good, then can own a salon. Or they can make a killer sammich, they can make it big with a Subway. Or vice versa. Not true. This is 2 very different skill sets. You can be a good business owner, yet know nothing about managing people. Or cooking food, or fitness. One important aspect of owning a business people forget-(for example) if you stink at accounting, or have no idea what employment laws apply to your business, or you want to own a bar but hate dealing with drunk people, or LOVE providing in home care to seniors and struggle with keeping up with all the regulations- HIRE the right person to deal with that. PAY them well. TREAT them well. Listen to your customers, but LISTEN to your employees, and back them up. Do your homework before investing in a franchise. Find yourself a mentor. Be humble. Don't expect to become rich overnight-it could take 3-5 years of hard work before you can start taking a pay check from your investment. Let your reputation, not your lambo or 3 story house speak for you.
when you speak of senior care centers are you referring to assisted living centers or assisted facilities at home by doing a conversion from home to assisted facility home?
how much does it takes for you to help finding the suitable franchise for an individual i just won a lawsuit & need help lol & was told i wouldn’t even have to use outright cash
Sorry, missed this comment! Our service is free for buyers - same as working with a Real Estate agent, you can learn more here: www.franchise.city/our-services Thanks for watching!
Investment $2,596,000 to $3,835,000. They do not include financial data in their FDD, which is a bit of a red flag. We can provide complete comparative reports on any franchise and offer alternatives: www.franchise.city/our-services Thanks for the question.
Thanks for the question. Are you exploring building a franchise on owned land? From a general perspective there is no issue building on owned land and many franchisees have done so. There may also be additional tax advantages and certain franchises provide incentives for Indigenous groups. If you are seeking to form a franchised type model within an existing committee that would be a question for a franchise lawyer. Sorry if I misunderstood the question! Feel free to reach out if we can help: www.franchise.city/our-services
Do you only specialise in franchises in the US, can you do a video on the UK please. I have £200k to invest. Could push it to 400k if I pull out money from my other business.
Think real estate, it will be yours, and you have no one to report to, with that kind of money start with one property at a time and you can eventually build your empire as big as you want. Watch the RU-vid channel ( his and her money) it's a wealth of information, I learn so much about building wealth on real estate on that channel. Doesn't matter if you are from England I assume. I am trying to save 200k by 2021. If Biden wins America will definitely go into recession, so I can invest in real estate. My brother did this with the recession during Obama, He obtained 10 properties, all cash. He don't have to work, but chose to so he can obtain more properties.
Unfortunately our expertise is limited to the Canadian and US markets. The UK economy and market demand is quite a bit different to here, and brands that excel here may not be applicable over there. Thanks for the question.
Thanks for the question. Yes, we are a Canadian based company serving both Canada and the USA. You can learn more about our services and request a consultant reply here: www.franchise.city/our-services
Sorry you feel that way. There are a number of reasons we don't publicly mention brands, but anyone can just give us a call, speak with one of our brokers who will not only disclose the name of the company, but provide you with a free assessment to determine eligibility and suitability for that particular franchise. www.franchise.city/our-services
how can I contact you tried calling the phone number and went straight to voicemail. I filled out an inquiry form on the website but no one has got back to me
Hi Ryan, thanks for the message. I see in our database your inquiry went to Joe Fedorchuk, who reached out to you on the 13th. If you don't manage to connect please let me know.
