Wait a minute---how much will you be ready to give out to partners? They will want their share at every turn. You better get a qualified lawyer for every step of the agreement process. You will always work harder for yourself---if you think you don't have much now, wait till 2 or 3 people walk off with money every week.Who will be responsible for utilities? Supplies? Actual work or managemnet? Insurance, inspections, permits, licences, taxes, health benefits, advertising...it all comes from the profits. You have to do at least so much a day to say you even opened.Maybe 7 or 8 hundred dollars a day.Corporate restaurants mean you buy everything from their place---signs, paperwork, advertising, everything---and it can be costly. YOU HAVE TO HAVE A QUALIFIED ACCOUNTANT for all money keeping affairs. Be realistic and honest with yourself...it will probably be a disappointment. What happens when a partner wants out? More money handed out unexpectedly
2006-12-05 17:22:58
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answer #1
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answered by fire_inur_eyes 7
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Thats easy, just ask. But unless your talking about McDonald's or Tacobell, Franchise's don't make money and I would challenge any one to show me a franchise company that you can own and make money from owning it.
2006-12-05 23:49:23
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answer #2
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answered by mrfoxhorn 5
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