Because he knows more about CFA from A-Z than anyone on this board. That's how.
Anyone here own a Chick Fil A
- Thread starter Wesley91581
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Because he knows more about CFA from A-Z than anyone on this board. That's how.
Doubt that's the case. It would be an exception to their rules. They want Owner Operators. they want their owners in the stores greeting customers and running the operations first hand. The initial Franchise Fee is rather tiny, like $10K, but they do a DEEP background check, they want Owners who will uphold their corporate values. therefore they will talk to your family, your friends, your pastors, priest, whoever, ex-wives if you have them. They leave no stone unturned. (@Gassy_Knowls , I get the feeling you might have skeletons in your closet that would prevent you from ever owning one). their selection process is very rigorous and very few make the cut. No large restaurant franchisee companies like the one I work for would be able to own one. Not saying one guy can't own multiples, but if it's more than 2-3 it would be a rarity. generally their Owners make a salary, and their royalty payments are higher than most fast food joints due to the low entry fee.
My boss and his two private jets would have a differing opinion. Depends on how you go about it.
Pretty sure they draw a guarenteed salary from the store (six figures), Royalties are higher than most because of the low entry fee, but there is profit sharing too, but when your own a store doing $3 million plus a year, the Owner/Operator can make some pretty good coin.
Assuming you're responding to me. First I respond as I read instead of going through everything and then going back. Second, you said that ALL except one was owned by the same guy, so I wasn't incorrect. And it was confirmed by others on here that owning two, is a rarity, just as I stated. So the Owners in Lexington that operate two locations are doing something right.
Personal knowledge. I won’t say anymore because I don’t want to reveal too much on this board.
and @cole854 is a close friend so he knows how I know.
After looking, they are up to around 4.5 Million per store average sales, so you are correct. That's crazy money. A typical Wendy's is considered High Volume at $1.8 million. We have a handful that push 3 million, but most of our "good" stores are over 2 million to 2.5 million. Chick-Fil-A is in a whole different league from anybody when it comes to unit sales.
Can you hook me up with one? I got money. How much I need?
I got a spot for one. I'll disclose all my sins. All 3 million.
I bowed out earlier because alot of mis information, but the AVERAGE is $200k. This guy is throwing around $600k, but that's way above the average.
He was actually saying 600k was on the low end and for guys that owned the low producing mall locations.
Well the average store does $4.5M a year. I know what the average profit margin is and I know how they divide profits between franchise and franchisee. And that will be over $500K.
Not sure when you tried to get one but the sales and profits and compensation have exploded the past decade. It may have been $200K when you did it but I can assure you it isn’t now.
Top 6 Reasons to NOT Buy a Chick-fil-A Franchise
Is buying a Chick-fil-A franchise a good investment? And how Much does a Chick-fil-A earn?
www.franchise.city
You can look at the calculations in any of the top franchise publications. This one says average of $200k.
Believe what you want. I see the financials and know the numbers.Top 6 Reasons to NOT Buy a Chick-fil-A Franchise
Is buying a Chick-fil-A franchise a good investment? And how Much does a Chick-fil-A earn?
You can look at the calculations in any of the top franchise publications. This one says average of $200k.
The only source for your number is the Franchise.City website. Most All the other sources that use that number cite Franchise City.
But you either just want to argue with me or you still have animosity toward CFA for not getting a franchise. Either way this discussion has run its course for me.
Feel free to believe what you want about CFA.
LOL. I wondered how long it would take to get a response like. And I agree with you. 🤣
Friend of mine started a restaurant a few years ago and has been very successful. He had the luxury of his food being a good curbside option during Covid so he did not miss a beat. The problem is he works from 4am until 10pm every day except the days he is closed (2 days a week) and those days he is either in the restaurant doing something or still running his side contracting business. On top of that, he cannot find people who want to work so he is always working with a skeleton crew plus his wife has to work a lot which has put a strain on their marriage. Point being, I thought he was crazy wanting to open a restaurant and after seeing what all he has endured the last 2 years to stay open I am about 10 times more concerned on why he wanted to open one up and his health moving forward due to the stress.
That story makes it sound like he hasn’t been successful at all actually
Financially, he has been successful plus he has grown a rep for having fantastic food. Helped that he was able to pay cash for everything when he started so no debt. Do agree, outside of that I would say the stress, amount of hours he has to work and the list of other issues does not paint a rosy picture and could be seen as being unsuccessful. Restaurants and bars are very tough businesses to own and operate and add in a time where people are being paid not to work and it makes the problem that much worse. If he had good help his problems would be half what they are now.
I know someone who does. He owns 1 and he manages it himself. His is in a good location near the interstate, heavy traffic all day and on weekends. Makes about $500,000 a year.
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