Unless you're offering your services and advice for free, I consider your repeated posts the most flagrant abuse of this forum in the 14 pages in this thread right now.
You're doing nothing more but trolling the site and tossing your line out, steering folks to your own website to drive traffic, and one can only assume, revenue related to subscription fees or advertisement traffic-related income.
If you're here to provide advice out of the kindness of your heart, provide it and let everyone benefit from it. If you're going to reply to almost every post with a teaser, you're wasting space and you're wasting most peoples' time. We acknowledge your experience and expertise, but we'd rather not hear from you repeatedly unless you're willing to share it HERE. Otherwise, you have plenty of self-promotions posted already. We know to visit your site if we want to talk.
"50+% of the readers of this forum thread"
Alex, EDwin, Shingic
You have all read my posts, and every time I say call me to discuss as each set of circumstances is different and a verbal explanation/interaction will be more beneficial to you; one question leads to another, so it is easier by phone........
Once I know the real question and the groundwork has been properly laid, I can proceed to answer each person.
Shingic states an investment of $90,000, 30-40% margins, and India vs USA, and more. That is a lot of clutter and confusion and erroneous information so it needs to be cleaned up and set straight.
If it is important, call me.......otherwise......
Fayaz, www.mrfranchiseman.com, 949-253-4610
EXCEPTIONAL post here - an important tip to anyone starting a business dependent on traffic ("butts in the door")! Thank you for breaking it down into simple terms.
everyone of the questions here has to do with what one can make? or how much does X franchise make?
if you get in this biz you will here: your food cost should be x%, labor x%, have to pay x% in royalty/marketing and so on. while these percentages are important, and they REALLY ARE IMPORTANT, they are not the key. i have friend that has a pizza franchise and he is always complaining about his food cost. my response is always, "do you want 30% food cost or net $1mil a year?" and the yahoo always responds i need that 30% food cost.
its not about % its about $. and the questions in the post are about $, but believe it or not you have to use % to get there.
Let's use the $5 sub mentioned a while back. Ok $5 a sub. Here is what you need to consider. 30% for food, 13% for rent, 5% for utilities/insurance, 2% misc expense, 16% employees, 10% taxes (maybe a little much)...that leaves 24%. so of that $5 sub you have $1.20. This is the high number, cut it in half for the low number ($.60)
now what do you want to make a year. lets take a stab at $50k. Thats not much, but in this economy some people would kill for it. so with a little math that is roughly 83,334 total sales or 229 per day...
can you get 229 people in a day. say you are open 10to10, how about 19 an hour.
this is how you need to think about the biz. its not the gross number, or the net number. it is taking your average ticket and putting butts through the door.
but i think like an indie, and if you are looking at a franchise you have to add in the royalty and marketing.
this is business...not money trees.