Ask J431S any Business Question?

[*RAGE*]

general info ... google something and get back to us

Yea T MOS called it 12 year old on the computer, he cant answer the questions....I am out night all

[Surreal]

franchise is one of the greatest path to startup a business formation but it depends on a whole host of factors such as location and seed capital. In 2008 just an example Subway franchise was rank the best and most profitable venture. Depending on your capital and location again, I will urge u or anyone to consider subway in the fast food industry.

That's pretty vague.

[Brown Ninja]

300k up front? How hard is it to get a small business loan like that?

[Brown Ninja]

want to go into business together?

[T-MOS]

The fact that u area does not have BK, this may be a good fertile venture. Do have the startup capital?
Just a note: BK franchise cost anywhere from 125k to 300K.

What is your basis for this statement? I would think BEFORE stating it may be fertile, you would advise to check demographic requirements to support such a franchise

Usually if the demographics would be such to support a BK or other top fast food restaurant, there would already be one there by now. The fact that there isn't would make me think that BK doesn't feel that area can support their criteria for a unit

also where do you come up with the franchise cost as most are a set figure, not a 275K range

[J431S]

If you are so smart then why do you start dumb ass threads?

we learn thru asking dumb silly question; it was beause of that computers were develop. In every learning environment, there is no such thing as dumb question or dumb answer. We are always learning.

[jbm]

Why recession is happening?

[Brown Ninja]

now your just shitting on my dream T-Mos! I will do a Tren only cycle to spite you!

[Brown Ninja]

it started because jbm can't afford his house!

[T-MOS]

now your just shitting on my dream T-Mos! I will do a Tren only cycle to spite you!

sorry, I just thought I would help answer the questions since he is having a hard time being specific

but hey, he has an MBA

[J431S]

What is your basis for this statement? I would think BEFORE stating it may be fertile, you would advise to check demographic requirements to support such a franchise

Usually if the demographics would be such to support a BK or other top fast food restaurant, there would already be one there by now. The fact that there isn't would make me think that BK doesn't feel that area can support their criteria for a unit

Good point; but just because BK is absent in one community does not mean one cannot be build there. BK has a good reputation across the nation which can be prove in community that does not have one. It only take business leadership and capital to turn around this untap potential in such communities.

[jbm]

it started because jbm can't afford his house!

But I can afford your male escort services...

[T-MOS]

Good point; but just because BK is absent in one community does not mean one cannot be build there. BK has a good reputation across the nation which can be prove in community that does not have one. It only take business leadership and capital to turn around this untap potential in such communities.

I semi agree, BUT again, BK has requirements to opening a franchise using their name

There is a reason they dont' go in certain areas, no matter how much money you have to come up with, IF you don't meet their requirements, they won't franchise that area

The only side note to that would be if it is a community in development which then you would find out from the local Chamber of Commerce first

[*RAGE*]

I semi agree, BUT again, BK has requirements to opening a franchise using their name

There is a reason they dont' go in certain areas, no matter how much money you have to come up with, IF you don't meet their requirements, they won't franchise that area

^^I thank well I know forsure someone know what they are talking about here...hahaha go get him t.....

[jbm]

Hey ninja what happened to your sperm bank franchise company?

[J431S]

I think he is lying.......

why should i do that? what will I gain from it? and why should I cheat my ownself with lies that wont do me a dime? Anyhow I surpass mba level because I reached a consultancy level. do u want to see our official website to prove it?

[*RAGE*]

why should i do that? what will I gain from it? and why should I cheat my ownself with lies that wont do me a dime? Anyhow I surpass mba level because I reached a consultancy level. do u want to see our official website to prove it?

sure

[J431S]

I semi agree, BUT again, BK has requirements to opening a franchise using their name

There is a reason they dont' go in certain areas, no matter how much money you have to come up with, IF you don't meet their requirements, they won't franchise that area

The only side note to that would be if it is a community in development which then you would find out from the local Chamber of Commerce first

I don't know where u getting your facts from? But BK in the past years have gone international. They are now present in Japan, China, India, South Africa, Egypt, France,,,,,,,,u name it , there are there.

[T-MOS]

I don't know where u getting your facts from? But BK in the past years have gone international. They are now present in Japan, China, India, South Africa, Egypt, France,,,,,,,,u name it , there are there.

that has nothing to do with my point

we are talking for the most part Domestic US, but even international will have requirements for demographics, experience, capital

they will however be on a different scale then domestic USA

[J431S]

300k up front? How hard is it to get a small business loan like that?

Now u talking business. To qualify for small business loan, u need to meet certain creteria:

1. expertise in the fastfood industry, banks wants to make sure u can provide quality and retain customers

2. u need a goood credit history with a high credit score; no one is taking chance on any1 these days.

3. u need some kind of collateral incase u default on the loan

4. u need a reason down payment to indicate how serious u are

5. u need a solid reference or network of other business friends to signal some confidency

These 5 must be meet before any approval will occur.

good luck

[Surreal]

I don't know where u getting your facts from? But BK in the past years have gone international. They are now present in Japan, China, India, South Africa, Egypt, France,,,,,,,,u name it , there are there.

Aren't the international locations mostly if not completely corporate owned and operated rather than actual franchises?

[T-MOS]

Aren't the international locations mostly if not completely corporate owned and operated rather than actual franchises?

no, i know a few personally that are franchised overseas... at least the ones I know of anyway

[T-MOS]

Now u talking business. To qualify for small business loan, u need to meet certain creteria:

1. expertise in the fastfood industry, banks wants to make sure u can provide quality and retain customers

2. u need a goood credit history with a high credit score; no one is taking chance on any1 these days.

3. u need some kind of collateral incase u default on the loan

4. u need a reason down payment to indicate how serious u are

5. u need a solid reference or network of other business friends to signal some confidency

These 5 must be meet before any approval will occur.

good luck

hmmm , still pretty basic info here

IF you were advising me on obtaining a business loan and I met all 5 of those criteria , WHICH institute would you direct me to in this economy that will give me the best rates and willingness to make such a loan for such a high risk venture??

[Surreal]

why should i do that? what will I gain from it? and why should I cheat my ownself with lies that wont do me a dime? Anyhow I surpass mba level because I reached a consultancy level. do u want to see our official website to prove it?

MBA's are nothing special. Even if you had a MBA from a top program like Wharton, Sloan or Tuck, it would serve more as a testament of the professional networks that you belong to than of your ability to provide meaningful advice.

[J431S]

that has nothing to do with my point

we are talking for the most part Domestic US, but even international will have requirements for demographics, experience, capital

they will however be on a different scale then domestic USA

so what's your point of contention? BK is not appealing in some towns in the US? U must be kidding. The rule of thumb in any business venture is about being being the first in the market and how unique your service or product are.
So in my opinion if BK or any reputable fastfood franchise is absent in one community, this is a great call for profitable adventure, assuming all the protocols of the franchise are implemented right such as ontime supplies, well trained cooks, excellent customer service, and most important of all stringent cashflow oversight.

[collar]

if i have that kind of money to open a franchise, i would just open my own business where no one is taking % from my earning.
also where i have to buy everything from their own produce and all their products.

I looked into opening a subway was not far off signing then everything came out how they excatly work.
no thanks.

[J431S]

MBA's are nothing special. Even if you had a MBA from a top program like Wharton, Sloan or Tuck, it would serve more as a testament of the professional networks that you belong to than of your ability to provide meaningful advice.

I somewhat agree , it all depends on individual leadership skills and your luck. Education is just a minor part of all that.

[T-MOS]

so what's your point of contention? BK is not appealing in some towns in the US? U must be kidding. The rule of thumb in any business venture is about being being the first in the market and how unique your service or product are.
So in my opinion if BK or any reputable fastfood franchise is absent in one community, this is a great call for profitable adventure, assuming all the protocols of the franchise are implemented right such as ontime supplies, well trained cooks, excellent customer service, and most important of all stringent cashflow oversight.

sorry i have to disagree with you here, and I have over 24 years of franchise restaurant experience......

So, YES, my point of contention is that BK( or other high profiile franchise restaurants) will NOT go into just ANY area

The closing of ANY high profile restaurant is BAD BUSINESS for the concept. They WILL NOT risk opening one in an area that the demographics dont' show supporting X amount of annual gross sales, and risk closing a low volume store.

again, the KEY here is the demographics of the area, including business development, and Tax base for that area.

[Surreal]

no, i know a few personally that are franchised overseas... at least the ones I know of anyway

Just checked, you're right. Most foreign BK's are in fact franchises. The ratio is something like 10% corporated owned, and 90% franchises. So BK seems to operate a bit differently than some other fast food restaurants. However, BK franchises in some countries like Australia and Kuwait seem to be largley owned and operated by a single franchiser in the region. It's kind of like an "exclusive regional franchiser" sort of deal.

[T-MOS]

if i have that kind of money to open a franchise, i would just open my own business where no one is taking % from my earning.
also where i have to buy everything from their own produce and all their products.

I looked into opening a subway was not far off signing then everything came out how they excatly work.
no thanks.

some franchises are a good deal, and better then an untried and un proven venture, at least in a banks perspective

they will be more willing to loan capital to a proven concept then something brand new

also, depending on the franchise, the support, advertising, brand recognition may be well worth the % that they get in return for doing all the leg work

[J431S]

if i have that kind of money to open a franchise, i would just open my own business where no one is taking % from my earning.
also where i have to buy everything from their own produce and all their products.

I looked into opening a subway was not far off signing then everything came out how they excatly work.
no thanks.

U made an excellent point, why bother with franchise if I have over $100K.
The reason is simple, franchise companies have an established recognized Brand power over someone who just getting in the game. It is being proven again and again that customers would rather buy from a familier tested business company than taking risk in unknown. However, if u can compete with that thru large scale advertisment just to become known and popular, the market can be yours. But then again advertising expense is not a joke!

[T-MOS]

Just checked, you're right. Most foreign BK's are in fact franchises. The ratio is something like 10% corporated owned, and 90% franchises. So BK seems to operate a bit differently than some other fast food restaurants. However, BK franchises in some countries like Australia and Kuwait seem to be largley owned and operated by a single franchiser in the region. It's kind of like an "exclusive regional franchiser" sort of deal.

I agree with the exclusive regional franchiser

when going international, franchisers usually want a certain guarantee of number of units developed over a period of time, the requirements for international are usually much for stringent than for domestic

I know one in Saudi Arabia (not a BK by the way) but one oil sheik has the entire area and will be developing 6 stores over the next 5 years.

[J431S]

some franchises are a good deal, and better then an untried and un proven venture, at least in a banks perspective

they will be more willing to loan capital to a proven concept then something brand new

also, depending on the franchise, the support, advertising, brand recognition may be well worth the % that they get in return for doing all the leg work

Agreed.

[T-MOS]

Agreed.

WOW ! and i actually have that in writing now.....LOLOL

[collar]

U made an excellent point, why bother with franchise if I have over $100K.
The reason is simple, franchise companies have an established recognized Brand power over someone who just getting in the game. It is being proven again and again that customers would rather buy from a familier tested business company than taking risk in unknown. However, if u can compete with that thru large scale advertisment just to become known and popular, the market can be yours. But then again advertising expense is not a joke!

i agree with all of that.
but sometimes in life we dont get anything easy so putting in the effort and the hardwork to get the business up and established is a lot of hard work that has to be done if you want to be a success.

[J431S]

sorry i have to disagree with you here, and I have over 24 years of franchise restaurant experience......

So, YES, my point of contention is that BK( or other high profiile franchise restaurants) will NOT go into just ANY area

The closing of ANY high profile restaurant is BAD BUSINESS for the concept. They WILL NOT risk opening one in an area that the demographics dont' show supporting X amount of annual gross sales, and risk closing a low volume store.

again, the KEY here is the demographics of the area, including business development, and Tax base for that area.

Disgree, but it could be possible because of zoning restrictions aand other city codes excuses. But in general though it is feasible to venture in areas where competition is limited, in our case in community where BK present is absent.

[T-MOS]

Disgree, but it could be possible because of zoning restrictions aand other city codes excuses. But in general though it is feasible to venture in areas where competition is limited, in our case in community where BK present is absent.

OK, i am fine with that, lets just agree to disagree on this one as this is the first conversation we have had that didn't end in name calling......

i need sleep, goodnight

[J431S]

i agree with all of that.
but sometimes in life we dont get anything easy so putting in the effort and the hardwork to get the business up and established is a lot of hard work that has to be done if you want to be a success.

Business is not that all pleasure; some it can be grief as well; that's the name Bernard Madoff ring a bell?

[J431S]

next time.

[collar]

Business is not that all pleasure; some it can be grief as well; that's the name Bernard Madoff ring a bell?

actually i never knew who that guy was, dont mind me im from aus.
but yeah the other day i seen something about him on dr phill hahaha, yeah pretty crazy the scams he pulled off.