That’s a horrible return for how much work franchises are
That’s with having a store manager and assistant. Neither of them work there at all.
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That’s a horrible return for how much work franchises are
@MG0h3 and @DSG2003Mach1
Is the trucking concept that you’re buying a semi truck or fleet and then making it available to drivers or are you also establishing contracts to move freight? (I clearly know nothing about this industry)
@Intervention302 could probably answer that betterProbably depends on the franchise segment- retail food sounds like a lot of hours. Are all franchises a big time suck?
One dude owns a Tropical smoothie and is partnered in two more.
His partner owns like 4 and has some pizza franchises.
Sounds like they net about 10% and a low store is 500k gross annually and upper end 800-900k.
I decided against it for now due to not wanting a bunch of employees that I would likely want to kill after a week or two lol.
The guys that own semis do great. That’s what I’m leaning towards in the immediate future.
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Look into insurance costs, fuel costs, tires, maintenance etc…you’d be surprised what it cost to run one. Then if you throw a dumb ass driver in it, check the price of a clutch and front end parts that they’re going to tear up.
My heavy haul driver just got my truck serviced today for around $1k.
Insurance for a new dot number is like $20k a year…getting cheaper over the next several years that you don’t have a claim. I have $10mm coverage for my crane business and it costs me about $15k a month but my trucking gets thrown under that.
My trucks aren’t running nonstop, and I still spend $15k a month in diesel…
Just food for thought.
Id imagine OTR trucks get better rates than what we do, insurance is about 12k/month/unit in my industryYa the guys that do it laid it all out for me. Trucks usually gross 18k a month or so.
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Ya the guys that do it laid it all out for me. Trucks usually gross 18k a month or so.
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Id imagine OTR trucks get better rates than what we do, insurance is about 12k/month/unit in my industry
Not at all saying you can’t make money, or not to do it, just throwing what little I know out there.
It really is all about the driver. They will make or break you.
That’s a horrible return for how much work franchises are
My wifes cousin owns like 13 Jersey Mikes. They say you have to own multiple locations to really make money. They dont work at the stores at all. Wife, husband and son in law all work at their own little corporate office where they manage the restaurants from. They have a BIG nice house in the denver area with some nice rides.
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I was considering that to be “**** you” money"killing it" would be REALLY big money. jets, yachts, shit like that. in this clip gordon gekko says between $50m-100m... and that was back in 1987. lol can't imagine what it would be now.
I was considering that to be “**** you” money
Not a sin, but not smart.Never let materialistic object own you. That’s a sin.
No. I’m here for the abuse.Don't material things lead you to this message board?