Doesn’t sound like a great deal. Wonder how easy it is to fire the franchisees?
The acceptance ratio of 0.1% means that it is a GREAT deal.
If you don't like it, save up another $990k, and think about a McDonald's somewhere (but not too good a location because that one is $2,490,000 more).
Two years running a Chick-fil-A and one can borrow the money to establish some other kind of franchise.