Ask J431S any Business Question?

[Brown Ninja]

how much do you make a year? Do they pay you in US dollars or in aids medicine?

[Brown Ninja]

my area has no burger king. I was thinking that or Chipotle. How much can I gross from that? How hands on is ownership?

[J431S]

my area has no burger king. I was thinking that or Chipotle. How much can I gross from that? How hands on is ownership?

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.

[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]

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.

[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

[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.

[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

[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.

[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.

[Kratos]

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.

hahaha, way to assume I'm poor and have no business knowledge/experience/or ownership in a business.
Your advise is stupid because if all you bring to the table is 125-300k then bugerking doesn't need you. This is an investment opportunity for someone well capitolized, with a substantial amount of cash in pocket...and someone able to be on the financial hook for a multi-million dollar loan (and bk doesn't provide, so where is the average joe gonna get a couple mil in this lending enviroment?). Not to mention, they control where the store goes. Sure you may be able to get by with sinking only a few hundred k of your own money in, provided you can make the payments. I just found your advise unrealistic simplistic and silly...what did you really tell the guy? What value of advise did you offer? and why would anybody pay you to tell them that?

[*RAGE*]

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

[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.

[Brown Ninja]

who does mom love more? I wish I grew up with you two. Are you guys bloods or crips?

[Brown Ninja]

maybe they are only dumb to us because we cannotcomprehend his intellect. I am kinda dumb

[amcon]

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

[*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

[Brown Ninja]

I ante to pile on but at this moment the MBA seems a little suspect

[Brown Ninja]

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

[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

[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]

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!

[Brown Ninja]

want to go into business together?

[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!

[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

[Brown Ninja]

it started because jbm can't afford his house!

[jbm]

it started because jbm can't afford his house!

But I can afford your male escort services...

[jbm]

Hey ninja what happened to your sperm bank franchise company?

[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.

[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]

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

[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!

[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]

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?

[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.

[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.

[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..

[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