Ask J431S any Business Question?

[Brown Ninja]

so can someone here lend me 300k to get this party started?

[jbm]

For you my friend!!!!

[jbm]

ninja owes me 300k!

[Lightsout2184]

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.

yeah this statement really depends on the franchise. a lot of franchises come with gaurantees like mcdonalds so u know ur not gonna lose what so ever. ofcoarse a franchise would have to get their product all from the same source to make sure every location offered the exact same product. also if u shopped around u are probably if not getting the lowest price a very competitive price. if u open ur own business the odds of it failing are super high. if u honestly think ur good enough to even have a 90 percent chance of success then u would already have the cash to do it.

[Lightsout2184]

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

maybe when talking about the actual franchise fee itself but to open up a bk in california is gonna cost way more then opening one in texas. u still have to pay for location.

[jbm]

[jbm]

[Surreal]

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.

Not all communities are equally welcoming of franchise fast food restaurants. For example, I live in a disgustingly liberal place where much of the population possess a dislike for "big corporate America" in favor of small "local" firms. I think there's perhaps only a single McDonald's and one Starbucks here. Story goes that when they were constructing the Starbucks, the place was initially called blah blah blah coffee and owned by a shell company until the day before the grand openning when it finally swtiched to the Starbucks brand.

Also, the fast food franchise business isn't a particularly "unique" one. If anything, it's closer to perfect competition than anything else.

[Surreal]

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

Debt isn't the only way to raise capital. Equity is also an option, if not a better one given how expensive debt is at moment. Two or three years ago, debt was mispriced and inexpensive, so it was easy to secure loans. Not any more!

[T-MOS]

maybe when talking about the actual franchise fee itself but to open up a bk in california is gonna cost way more then opening one in texas. u still have to pay for location.

^^Agreed, but the way he stated his comment he was talking just the FRANCHISE FEE itself

[Iron_Pig]

Bomb tester I take a Hammer and hit the fuse if it do not go boom it is a dud.

Its black ops I can tell you but you will have to eat a cheese burger EXTRA fat and we do not want this to happen right.

According to my wife 6 years old

what kind of business do you have?

What is your background for giving out business advice?

How old are you?

[collar]

yeah this statement really depends on the franchise. a lot of franchises come with gaurantees like mcdonalds so u know ur not gonna lose what so ever. ofcoarse a franchise would have to get their product all from the same source to make sure every location offered the exact same product. also if u shopped around u are probably if not getting the lowest price a very competitive price. if u open ur own business the odds of it failing are super high. if u honestly think ur good enough to even have a 90 percent chance of success then u would already have the cash to do it.

yeah i agree with that.
Also when i did look into subway this is in aus im talking about, at the begining they said i have complete control and input how the store would look.
As it got closer to date and so on, found out that i have no say and they have the store how they want and like.

Which is also not a big deal, at the end of day some franchises are really good and some are just too much of risk in my opinion.

I did half the money to go into the business other half would have to be borrowed was too much of risk for me to take.

So i went back to my personal training to save up some more hehehe..

[-Ender-]

read the italics.

5 years. Actual practical business experience? Do you own anything?

There isn't a consultant on this planet that would recommend a fast food start up to anyone on this planet for an initial venture.
Fast food is a project for the already established with enough assets to meet the requirements of the Franchise.

Actual practical business experience? Do you own anything?
If you have "5 years of experience" you haven't even seen ROI on anything you've done.

[*El Diablo*]

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.

Here is not BK in South Africa.....

[Lightsout2184]

yeah i agree with that.
Also when i did look into subway this is in aus im talking about, at the begining they said i have complete control and input how the store would look.
As it got closer to date and so on, found out that i have no say and they have the store how they want and like.

Which is also not a big deal, at the end of day some franchises are really good and some are just too much of risk in my opinion.

I did half the money to go into the business other half would have to be borrowed was too much of risk for me to take.

So i went back to my personal training to save up some more hehehe..

good idea for right now with the economy. borrowed money sucks

[NightWolf]

I im actually looking to open a US based franchise company.
Im looking for something like Starbucks (they dont do franchise)
So a gourmet coffee store/shop is what im looking for.

Do you guys have any suggestions? I was looking at a franchise
called Maui Wowi, do they have good coffee? They have to be able
to franchise international because i live in sweden.

[collar]

good idea for right now with the economy. borrowed money sucks

yeah bro true that, its tuff these days.
but you just keep working at it till opportunity rises.

[T-MOS]

I im actually looking to open a US based franchise company.
Im looking for something like Starbucks (they dont do franchise)
So a gourmet coffee store/shop is what im looking for.

Do you guys have any suggestions? I was looking at a franchise
called Maui Wowi, do they have good coffee? They have to be able
to franchise international because i live in sweden.

I'm sorry did you say something here??? All I see is a super HOT avy, and nothing else.......TREN IS KICKING IN !!!!!!

[NightWolf]

I'm sorry did you say something here??? All I see is a super HOT avy, and nothing else.......TREN IS KICKING IN !!!!!!

If you think this avy is hot then that TREN has to be some
really good shit.

[*RAGE*]

If you think this avy is hot then that TREN has to be some
really good shit.

that is just wrong bro, please bring it back...

[T-MOS]

If you think this avy is hot then that TREN has to be some
really good shit.

WHY nightwolf WHY would you do that to me?????????????

that just hurts !!!

[jbm]

your avy sucks bro! bring it back to the original!

[Brown Ninja]

that avy is a pic of jbm on his wedding night

[Kratos]

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.

just a note, nobody should take business advise from you
I took the time to look this up to show people how unrealistic, generalized and stupid your advise is.

Start-up Cost: $50,000
Total Investment: $300,000 - $2.8 MM
Net worth requirement: $1.5M
Cash liquidity requirement: $500,000
Financial requirements
may be substantially higher, depending on the transaction.
On average, development costs
can range from $1.2 million to $2.2 million for a typical ROC 40 or ROC 60 type restaurant.

Business Experience:

Industry experience
General business experience
Marketing skills


They match all qualified applicant’s geographic interest with any BURGER KING® opportunities that may exist. In other words you don't get to put one where you want, they decide where one is needed.


QSR (quick service rest) experience is very helpful, Burger King Corporation welcomes interest from people with a
demonstrated history of success, preferably in a multi-unit, high-traffic retail environment. Senior-level corporate
experience and a history of entrepreneurial success are also viewed positively.

[jbm]

that avy is a pic of jbm on his wedding night

[Dobie-BOY]

My father owns a manufacturing company and is having more and more trouble competing with chinese products. I was thinking about opening a factory in a foreign country. How hard would it be to manage from the U.S. what would be the best country to do this in? Do some countries make it hard for a U.S. resident to open a business in their country? He currently has a plant in my home town and one in Mexico. The products made in mexico are really poor quality though and are sold under a different name. P.S. I FUKKIN HATE FOREIGN MADE PRODUCTS!!! I went to buy some new shoes the other day and they were all made in another country. Mostly china. EXCEPT New Balance shoes which are still made in the U.S.A. BUT all the New Balance styles sucked. I was so fukkin pissed I didnt buy any shoes at all. Im going to go online and see if NB has any decent styles. Another question; If New Balance can make HIGH QUALITY shoes at cometitive prices in the U.S. why cant Nike, Puma, etc...? My guess is greed. Makes me sick!!!!! Oh ya, so I dont sound hypocritical. I hate the idea that a business must go to a foreign country to remain competitive, but until something changes small business owners will do what they have to do to survive. I fukking hate china. Not chinese, just the chinese government

[CSAR]

I im actually looking to open a US based franchise company.
Im looking for something like Starbucks (they dont do franchise)
So a gourmet coffee store/shop is what im looking for.

Do you guys have any suggestions? I was looking at a franchise
called Maui Wowi, do they have good coffee? They have to be able
to franchise international because i live in sweden.

Maui Wowi does franchise internationally. My wife and I were thinking about this same thing in Japan, but the market here is already saturated with Starbucks, Doutor, Excelsior, and other various coffee shops. Plus, McDonald's just started their new coffee campaign.

Anyhow, Maui Wowi's coffee is comparable to Starbucks. Their 100% Kona is outstanding, but it's still hard to justify paying almost $5 for a cup.

Another thing that kept me away from Maui Wowi was their level of control over each of their franchises. I don't need to be micromanaged by someone halfway around the world who might not be familiar with the culture, business practices, or style of service that're different from the U.S.

[Chode Logan]

Taking advice from you is like getting sex advice from DSM. If you listen, you'll end up with shit all over your dick.

[jbm]

Taking advice from you is like getting sex advice from DSM. If you listen, you'll end up with shit all over your dick.

Ok listen to me then!!!!

[CSAR]

you'll end up with shit all over your dick.

We're dicks! We're reckless, arrogant, stupid dicks. And some members of this board are pvssies. And J431S is an asshole. Pvssies don't like dicks, because pvssies get fvcked by dicks. But dicks also fvck assholes: assholes that just want to shit on everything. Pvssies may think they can deal with assholes their way. But the only thing that can fvck an asshole is a dick, with some balls. The problem with dicks is: they fvck too much or fvck when it isn't appropriate - and it takes a pvssy to show them that. But sometimes, pvssies can be so full of shit that they become assholes themselves... because pvssies are an inch and half away from assholes. I don't know much about this crazy, crazy world, but I do know this: If you don't let us fvck this asshole, we're going to have our dicks and pvssies all covered in shit!

FVCK YEAH!!

[jbm]

We're dicks! We're reckless, arrogant, stupid dicks. And some members of this board are pvssies. And J431S is an asshole. Pvssies don't like dicks, because pvssies get fvcked by dicks. But dicks also fvck assholes: assholes that just want to shit on everything. Pvssies may think they can deal with assholes their way. But the only thing that can fvck an asshole is a dick, with some balls. The problem with dicks is: they fvck too much or fvck when it isn't appropriate - and it takes a pvssy to show them that. But sometimes, pvssies can be so full of shit that they become assholes themselves... because pvssies are an inch and half away from assholes. I don't know much about this crazy, crazy world, but I do know this: If you don't let us fvck this asshole, we're going to have our dicks and pvssies all covered in shit!

FVCK YEAH!!

in short dick and pvssy!

[Chode Logan]

Hahaha nice.

[Chode Logan]

I like you.......you've got balls..........I like......balls.

[CSAR]

Gotta love Team America. There's a line in there for just about everything...

[CSAR]

Durka durka. Muhammad jihad?

[J431S]

Not all communities are equally welcoming of franchise fast food restaurants. For example, I live in a disgustingly liberal place where much of the population possess a dislike for "big corporate America" in favor of small "local" firms. I think there's perhaps only a single McDonald's and one Starbucks here. Story goes that when they were constructing the Starbucks, the place was initially called blah blah blah coffee and owned by a shell company until the day before the grand openning when it finally swtiched to the Starbucks brand.

Also, the fast food franchise business isn't a particularly "unique" one. If anything, it's closer to perfect competition than anything else.

I can see how smal town politics could potential sabotage business innovations. But what they fail to acknowledge is that such franchise ventures will actually lead to job growth in their communities. Job growth in some cases reduce crime and increase commmunal prosperity.

[Chode Logan]

Have you ever seen a man eat his own head?



Then you havn't seen everything.

[J431S]

yeah i agree with that.
Also when i did look into subway this is in aus im talking about, at the begining they said i have complete control and input how the store would look.
As it got closer to date and so on, found out that i have no say and they have the store how they want and like.

Which is also not a big deal, at the end of day some franchises are really good and some are just too much of risk in my opinion.

I did half the money to go into the business other half would have to be borrowed was too much of risk for me to take.

So i went back to my personal training to save up some more hehehe..

There are so many franchise beside fastfood which are equally lucrative. Here is a quick example over the top of my head:

1. wedding and social event planning; here could sell bridal gown and gifts and stuff like that.

2.Landscape; an easy to start business for commercial clients if u like getting hands dirty or u could provide some immigrant with the tools to do the job and handle the transaction.

3. Car wash on a busy traffic; all u gotta do is purchase the equipments needed and get a lease.

4. If u live in big cities: starting a limo service is another option to get u going. You will also meet high profile people

5. or start your own retail store that especiaize in quality paint only. The idea behind this business strategy is that when customer go to place such HomeDepo they get confuse. Therefore your objective is to remove that confusion when they come or hear about your store....


Hope that helps.

[J431S]

5 years. Actual practical business experience? Do you own anything?

There isn't a consultant on this planet that would recommend a fast food start up to anyone on this planet for an initial venture.
Fast food is a project for the already established with enough assets to meet the requirements of the Franchise.

Actual practical business experience? Do you own anything?
If you have "5 years of experience" you haven't even seen ROI on anything you've done.

I own a small import and export company with two offices on two continents. I started four and half years ago, it is going great. My first commission in this biz was incredible if I tell u won't believe it what u read. Eversince then I didn't look back but foreward .

[J431S]

Start-up Cost: $50,000
Total Investment: $300,000 - $2.8 MM
Net worth requirement: $1.5M
Cash liquidity requirement: $500,000
Financial requirements
may be substantially higher, depending on the transaction.
On average, development costs
can range from $1.2 million to $2.2 million for a typical ROC 40 or ROC 60 type restaurant.

Business Experience:

Industry experience
General business experience
Marketing skills


.

Kratos (long time buddy) how are u doing? Well it looks like your inability to do and comprehend business financial info is going to make me u "not to ever own anything". I urge u to look again on what are total investment cost and total development cost? and then get back with me why think my estimate was fair.