how much monthly? Is it a % of what you earn that month? Give me some specifics.
2007-01-03 09:13:27 · 11 answers · asked by Metal 4 in Business & Finance ➔ Corporations
It does vary widely. The cheapest that I know of is Chic-fil-a, which only costs $35k to start (they pay for the building). The catch is that you pay them 35% of your GROSS Sales. McD's, BK, etc. will cost $200k+ to start up, but then you pay a lot less percentage of sales. Most restaurants require you to have a high net worth to even be considered. If there are any that you are interested in, just go to their homepage and select "franchise information" to find out their specific requirements.
2007-01-03 09:20:48 · answer #1 · answered by Scott B 3 · 0⤊ 0⤋
It depends if you rent or are purchasing the building. Some are 60 - 80 k, some up to a million. Monthly payments depend on how much you finance.
Franchise fees are monthly, usually 4 to 7%.
2007-01-03 09:17:17 · answer #2 · answered by Joe S 6 · 0⤊ 0⤋
Typically there is a startup costs of about 100,000-250,000, depending on the franchise. Then you usually pay a monthly franchise fee of some sort, but that depends on which company you franchise with and what programs they have.
2007-01-03 09:15:41 · answer #3 · answered by Mr. Goodkat 7 · 0⤊ 0⤋
Anywhere from 25,000 to 250,000 plus a percentage. Look at the latest issue of Entrepreneur magazine which has a list and cost of all the major ones.
2007-01-03 09:16:40 · answer #4 · answered by Barkley Hound 7 · 0⤊ 1⤋
Most of them are very very expensive.
You usually have to pay a franchise fee and then part of your proceeds as well, I think.
2007-01-03 09:16:12 · answer #5 · answered by Vod 2 · 0⤊ 0⤋
No, I hate all of them 2. The odor of those places on my own is sufficient to deliver me working! diverse the foodstuff made in speedy foodstuff eating places is hardly foodstuff in any respect. you purely have a extra state-of-the-artwork palate than maximum others! Or a minimum of that's what my mom says, haha. heavily regardless of the undeniable fact that, no longer liking speedy foodstuff isn't weird and wonderful, yet once you're in a concern the place you're with people who desire to pass devour speedy foodstuff and you experience snobbish asserting no, tell them you desire to pass to Wendy's. Their baked potatoes are actual rather reliable! Their no longer greasy or fattening, plus, how are you able to pass incorrect with a baked potato, maximum appropriate?
2016-10-29 22:18:30 · answer #6 · answered by ? 4 · 0⤊ 0⤋
It varies, depending on the name and location. You can get direct info on a specific company by typing it in a search field (ie, Arby's, Wendy's).
Best wishes.
2007-01-03 09:18:54 · answer #7 · answered by Rhonda 7 · 0⤊ 0⤋
It depends on the franchise. Which one are you interested in?
2007-01-03 09:16:07 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I don't know about monthly operations, but to start up a Steak 'n Shake I think it costs $30k, and they work with you to help pick the location and stuff.
2007-01-03 09:15:55 · answer #9 · answered by Lowa 5 · 0⤊ 1⤋
Ttypically you need to pay 100-200,00k upfront, then around 8% of the sales, not profit (earnings).
2007-01-03 09:22:15 · answer #10 · answered by Anonymous · 2⤊ 0⤋