I am going into the restaurant franchise business.

[Colt]

Had another talk with my lawyer this morning, the hedge fund is a no-go because I will have to get it regulated and could be facing a federal prison sentence if I did it under the table.

I am now going into the restaurant franchise business, thinking something like Five Guys Burgers or Subway. Not too worried about restaurant profits, just enough to cover the food, labor, rent, and the light bill. I will be running a gambling operation in the back with dice games, blackjack, roulette wheel, and also booking sports bets. I have access to six figures to cover the bookmaking, will secure business loans to run the restaurant. Will pay off the loans with restaurant and gambling profits.

What else do I need to know?

[THE PROFIT]

Get fries with a payout?

[pavyracer]

Here is an idea. Maybe buy the University of Kentucky and make a rule that the basketball players stay in school for 4 years so they can win a championship!

[Boner_18]

Subway has just about the highest success rate of any franchise and is currently running a special, i think it is less than 30k to get the rights.

[SBR_John]

The biggest mistake franchise guys make is on picking the location. If you can't get a good location because, none are available, price, ect., you have to take a pass. There is a slight tendency to think that a franchise will do well because its a franchise. The fanchise will help with location selection but watch them. They are not going to want to take a pass if an A+ location is not available.

[philswin]

Got to make room for the massage parlor also.

[Chi_archie]

go with chick fil-a

[Colt]

go with chick fil-a

Aren't they closed on Sundays? Can't do it, need Sunday NFL betting in the back room.

[williams22]

Do NOT go with Subway as they are already fairly maxed out for expansion in most places. Five Guys has a great business model, requires low square footage, and uses very few ingredients so setting up your suppliers is easy. Where are you located? I am actually beginning work as a restaurant consultant in June.

[jjgold]

Not a bad idea Colt, you do not need to make anything with franchise, just use it as a front and let profits come in with gambling. It is a good clean front too instead of a go go bar or massage parlor.

[THE PROFIT]

Aren't they closed on Sundays? Can't do it, need Sunday NFL betting in the back room.

running gambling operation out of the back of the biz? Not smart! You book from home

[Al Masters]

Had another talk with my lawyer this morning, the hedge fund is a no-go because I will have to get it regulated and could be facing a federal prison sentence if I did it under the table.

I am now going into the restaurant franchise business, thinking something like Five Guys Burgers or Subway. Not too worried about restaurant profits, just enough to cover the food, labor, rent, and the light bill. I will be running a gambling operation in the back with dice games, blackjack, roulette wheel, and also booking sports bets. I have access to six figures to cover the bookmaking, will secure business loans to run the restaurant. Will pay off the loans with restaurant and gambling profits.

What else do I need to know?

Stick to selling weed.

[DrStale]

.What else do I need to know?

When your shtick has run its course.

[Doug]

I'm not so sure about Subway either, worked at a new one for awhile decades ago, you have to do too much the corporate way ( only these two brands of canned olives,etc.), and the food is not that great, and you have to sell it cheap ( $5 footlongs). The price of the sandwich hasn't kept up with inflation, in other words. They are pretty well saturated in the marketplace too. I actually only like their seafood sub, and made at only one local Subway.....they deviate from the corporate menu, and it's not like 50% mayo.

A $5 sub is clearly better food than say McD's, for a similar price, but Subway kind of does most of its business around 11am-2pm, then dies. I think we did maybe 150 sandwiches on average a day, like 1985 or so, and I think they were a good $3 +, more like $7-8 in 2010 dollars, so I think owners are getting squeezed ?

I'd talk to an owner first, he's probably the guy making the sandwich, running the till, mopping the floor, cleaning the bathroom, taking out the trash, and washing the windows, etc. He's probably there 80 hours a week to make 40k.

I've seen some local ones close lately. Jerseymike's is much better.

[Brock Landers]

Harolds Chicken Shack, hottest thing going, need more of these, large concentration in colored neighborhoods though, but they LOVE dice...

[freeVICK]

open a bar in a college town instead. atleast u only work half days, get to drink all u want, nd get to look at hot chicks everyday. how can u go wrong. college kids will always drink no matter how bad the economy is

[Colt]

Good Tips!

[stealthyburrito]

open a bar in a college town instead. atleast u only work half days, get to drink all u want, nd get to look at hot chicks everyday. how can u go wrong. college kids will always drink no matter how bad the economy is

this guy's idea.

lots of expendable income.

[philswin]

Invite Roethlisberger would be great publicity - No need to advertise

[triqy]

Five guys burgers is a real up and coming franchise. You may get your best bang for the buck with that

[jlgarciaiii22]

Will you be comping Super Size Fries to all losing players

[durito]

Franchisee Qualification Criteria

Applicants must meet these basic requirements to be considered for a Five Guys franchise:

* Liquid Assets around $500,000
* Net Worth around $1,300,000
* Food and Beverage Industry Experience
* Business ownership and employee management experience
* Ability to purchase the rights to open five (5) or more locations
* Commitment to protecting and enhancing the Five Guys brand integrity
* A passion for burgers and fries

Basic Fees and Costs

* Franchise fee: $25,000 per restaurant
* Development Fee: $30,000 per restaurant
* 6% (7.5 % in New York) Royalty Fee
* 3% Total Marketing Fee (1.5% for national marketing and 1.5% for local use)
* Approximately $200,000 to $500,000 for build out costs

[Iwinyourmoney]

Do Sbr points count as liquid assests?

[Doc JS]

Good info, Durito...

I think we can safely assume this leaves Colt out of the picture !!!

Doc

[pavyracer]

Somebody tell Colt that piss doesn't count as a liquid asset.

[Doug]

Franchisee Qualification Criteria

Applicants must meet these basic requirements to be considered for a Five Guys franchise:

* Liquid Assets around $500,000
* Net Worth around $1,300,000
* Food and Beverage Industry Experience
* Business ownership and employee management experience
* Ability to purchase the rights to open five (5) or more locations
* Commitment to protecting and enhancing the Five Guys brand integrity
* A passion for burgers and fries

Basic Fees and Costs


way different for a Subway, and a McD's !

What do these #'s translate to ?
* Franchise fee: $25,000 per restaurant
* Development Fee: $30,000 per restaurant
* 6% (7.5 % in New York) Royalty Fee
* 3% Total Marketing Fee (1.5% for national marketing and 1.5% for local use)
* Approximately $200,000 to $500,000 for build out costs

yyyyy

[jlgarciaiii22]

Somebody tell Colt that piss doesn't count as a liquid asset.

That's some funny sh!t

[Doug]

From sports betting to Subway, I think y'all need a better plan, eh ?

[The General]

Most any youthful/middle aged person on here could go to work for a franchise and learn the ropes, get the funding, do the same and have a nice business in life.

Good luck

[MJFtheGenius]

You can not run a gambling operation out of a fast food place with 12 year old kids working there..someone will snitch

You need to open up a nice Italian resturaunt

[durito]

Most any youthful/middle aged person on here could go to work for a franchise and learn the ropes, get the funding, do the same and have a nice business in life.

Good luck

Yea, I'm sure most of the posters here will have no problem showing a 1.3million net worth

[Colt]

I am working the phones right now getting investors and recent college business grads to run stores.

[thezbar]

running gambling operation out of the back of the biz? Not smart! You book from home

Tough to hide things when the building inspectors arrive.

[wtf]

run something with a gay theme, jj will invite all of his sauna buddies

place will be STUFFED

[BestPlay2day]

This is the worst bit I have ever seen on SBR, and that's saying a lot!