Posted on 02/06/2020 6:26:03 PM PST by ameribbean expat
According to Chick-fil-A, 60k people apply to be operators every year — and only ~80 are selected.
With a 0.13% acceptance rate, it’s harder to become a Chick-fil-A franchisee than it is to get into Stanford University (4.8%), get a job at Google (0.23%), or even become a special agent for the Secret Service (1%).
(Excerpt) Read more at thehustle.co ...
Do you have to do sensitivity training?
That leaves me out
Good read.
...
I agree. We could use more posts like this.
I wonder how many Freepers are franchise-owners, not necessarily of Chick-fil-a but others.
The franchise model seems not worth it to me - but then I;ve not really looked into it in depth.
That’s not a franchise. The 10K isn’t an investment. The person is paying to be an employee.
When I read about it before, it talked about how McDonald’s franchises can build it into something to hand to their kids, but you don’t get any kind of ownership with CFA.
Franchisees
You’re buying a job,basically. However, you’re also learning how to run a business that you can parlay into your own eventual business one day.
However, it is a cheap education that you can parlay into a future business opportunity. Not everybody has a natural talent for business. She me need the structure of a franchise to succeed.
Doesn’t sound like a great deal. Wonder how easy it is to fire the franchisees?
Yes, you are buying a job, one where the average yearly income is $100,000.
As well as a free education on how to run a business that you could use later.
$10,000 buys you an $80/hour 60-hours/week job.
Paying for 10 week training course including labor law.
Chick Fil A? I think I vaguely remember that place. I don’t think about them anymore these days. Hope they fail.
Might have been something I cared about before they went over to the dark side. I don’t miss Chick-fil-A one bit.
This also explains why you only find CFA stores where corporate wants them.
“Chick-fil-A pays for (and retains ownership of) everything — real estate, equipment, inventory — and in return, it takes a MUCH bigger piece of the pie.
While a franchise like KFC takes 5% of sales, Chick-fil-A commands 15% of sales + 50% of any profit.”
in other words, so-called franchisees of chick-fil-a are really little more than managers of stores owned by chick-fil-a who are awarded a profit-sharing plan as part of their compensation ...
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