Sigh...
Simple math tells you that no businessman worth a damn will tie up 1-2MM of capital for. 10% annual return. There are so many easier ways to make 150k rather than tie up that much cash and manage a few dozen high school kids it wouldn’t be worth it.
The fact you seem oblivious to this obvious math concerns me. A manager at a relatively competent bar or restaurant can earn 100 to 150k a year, to think someone would tie up 1MM to 2MM of capital do such a little return as 150k a year. You can make those kinds of returns on that kind of money going far less risky and more passive things than owning a franchise.
But you want evidence, typical McD franchise makes betwee 500k and 1Mm per year.
http://www.ask.com/business-finance/mcdonald-s-franchise-s-profit-8f7327118fa3c180
But you want evidence, typical McD franchise makes betwee 500k and 1Mm per year.”””
GROSS or NET??? Have done bookkeeping for a restaurant in the past & never saw this kind of net figures.
LOL. I asked for evidence, and you supplied it. "It doesn't seem right" is always a good reason to ask questions, but is a poor basis for argument.
As I stated, I had no information on one side or the other, and I saw one voice which should be knowledgeable (but has significant reason to fudge numbers) and another that seemed reasonable, but who contradicted the first voice based on what well could have been mere opinion. Far from oblivious, I simply follow my own train of thought in making judgments, FRiend.
Have a great day.
Read the article
“The average franchised restaurant location makes a profit of less than $50,000 per year as of 2013”
Like what?