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Open a Jimmy Johns franchise (Net: $270k)
Poast new message in this thread
Date: August 9th, 2015 11:46 AM Author: Charcoal stirring faggot firefighter https://www.jimmyjohns.com/company/franchise/why-franchise/
Then open 5 more.
Boom: $1 Million profit per year. YNY. |
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Date: August 9th, 2015 11:54 AM Author: blathering laughsome point I have a client who has like 15 of these. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513064) |
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Date: August 9th, 2015 11:55 AM Author: Charcoal stirring faggot firefighter Family friend owns like 10 Burger Kings in SoCal. Dude is a straight baller and spent like $100k on his daughters wedding. Also drives a new 7 series. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513068) |
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Date: August 9th, 2015 11:55 AM Author: offensive doctorate CR Business owning only way to get rich |
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Date: August 9th, 2015 12:44 PM Author: Primrose plaza patrolman the practice of law is a business (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513360) |
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Date: August 17th, 2015 1:14 AM Author: abnormal appetizing regret crackhouse It's better when it's a business that's not limited by the number of hours you can work in a day. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567177) |
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Date: August 17th, 2015 8:37 AM Author: avocado house-broken personal credit line kitty cat Obviously but fucking getting enough capital initially sucks. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567926) |
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Date: August 9th, 2015 12:06 PM Author: blathering laughsome point Yeah my guy is rich as fuck. Its a little surreal. But his dad offered him to send him to college or buy him a business and he chose the business. Took off from there.
Yes. He is turd. |
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Date: August 16th, 2015 10:22 AM Author: trip yapping rehab sweet tailpipe this seems thoroughly 18000000000 (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28561307) |
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Date: August 17th, 2015 12:07 AM Author: Fragrant tanning salon wait.....he doesn't even have an undergrad? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566704) |
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Date: August 17th, 2015 12:11 AM Author: Burgundy center selfie Real talk: you don't need an undergrad to run one of these places. Upon approval of your franchise application, they probably send you to a two week training that explains every thing you need to do (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566732) |
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Date: August 17th, 2015 12:12 AM Author: crawly skinny woman liquid oxygen but what about the scholarship? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566738) |
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Date: August 17th, 2015 12:02 AM Author: Galvanic jew $100k on wedding is nice but not high level baller (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566669) |
Date: August 9th, 2015 11:55 AM Author: spruce lodge Had a sandwich from there the other day. Your basic Quiznos-esque chain garbage. But it was ready fast, I'll give it that. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513069) |
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Date: August 9th, 2015 11:57 AM Author: White Passionate National Foreskin Jimmy John's is not even in the same ballpark as Quizno's (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513082) |
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Date: August 9th, 2015 12:44 PM Author: Heady Violet Juggernaut Factory Reset Button i used to hate JJ but lately ive taken a shine to it
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Date: August 17th, 2015 1:17 AM Author: apoplectic kitty chapel Their meat is decent and the bread is good. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567188) |
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Date: August 17th, 2015 8:25 AM Author: Indigo Address Quiznos is 180. So is Jimmy Johns but their sandwiches otherwise are nothing alike. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567905) |
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Date: August 17th, 2015 4:46 PM Author: Dashing Free-loading House Reading Party (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28570270) |
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Date: August 9th, 2015 12:02 PM Author: silver vibrant volcanic crater senate How much does a franchise cost? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513108) |
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Date: August 9th, 2015 12:06 PM Author: Charcoal stirring faggot firefighter You need $80k cash and $300k assets to qualify. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513135) |
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Date: August 9th, 2015 12:07 PM Author: silver vibrant volcanic crater senate Ok...but what's the actual cost? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513141) |
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Date: August 9th, 2015 12:08 PM Author: Charcoal stirring faggot firefighter https://www.jimmyjohns.com/company/franchise/initial-investment/ (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28513144) |
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Date: August 16th, 2015 10:21 AM Author: Burgundy center selfie What are assets? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28561304) |
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Date: August 17th, 2015 12:05 AM Author: Burgundy center selfie The 300k net worth is the real barrier to entry. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566690) |
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Date: August 17th, 2015 12:08 AM Author: Fragrant tanning salon does a 150k JD count as equity? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566710) |
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Date: August 17th, 2015 12:12 AM Author: Burgundy center selfie Doubtful. I don't get how anyone under 40 can even apply. Most other fast food franchises have similar requirements. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566744) |
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Date: August 17th, 2015 12:13 AM Author: Fragrant tanning salon i wonder what the hours are like for first couple of years as an owner (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566752) |
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Date: August 17th, 2015 4:48 PM Author: contagious double fault (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28570285) |
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Date: August 17th, 2015 4:48 PM Author: contagious double fault this is the only post that has made me laff in several days (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28570287) |
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Date: August 18th, 2015 1:34 AM Author: Cordovan Splenetic Azn Theatre the JD is sadly tied to you for life, around your neck and only yours. other than that, it sure is a wonderful asset. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28573841) |
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Date: August 17th, 2015 12:09 AM Author: Bipolar navy hell It is almost ridiculous how fast they make the sandwich. i had one on my block in college and i could go from my room to jj's and back in my room in less than five minutes (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566717) |
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Date: August 17th, 2015 12:10 AM Author: crawly skinny woman liquid oxygen they are freaky fast (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566723) |
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Date: August 17th, 2015 12:10 AM Author: copper location so if you're just some random dude who drops $80k on a JJ franchise, how do you teach your employees to make subs so fast that the customers freak? does JJ corporate send an instructor? (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566724) |
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Date: August 17th, 2015 12:12 AM Author: Bipolar navy hell they just sort of have everything almost pre-made where they just need to plop it onto the bread (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28566739) |
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Date: August 17th, 2015 1:00 AM Author: rough-skinned hairy legs queen of the night This is a hilarious thread. It's hard for me to put into words all the landmines that franchisees face. The biggest is the rapacious greed of the franchising company, which generally takes advantage of franchisees in a variety of intricate ways. Buying a franchise is not like buying some magic machine that shoots out money. It's true that some people out there have gotten rich through franchising, but if you think they are common, you are suffering from a little condition known as survivorship bias. You people are delusional. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567095) |
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Date: August 17th, 2015 1:02 AM Author: rough-skinned hairy legs queen of the night Also an even bigger LOL if you think those successful few franchisees got rich by doing exactly what the franchising company told them to do. If it were that easy, the executives as the franchising company would be leaving their jobs and starting their own franchises. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567109) |
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Date: August 17th, 2015 1:06 AM Author: self-absorbed razzmatazz halford locale Ur absolutely right I just hate it when people use Malcolm Gladwell-esque terms like "survivorship bias"
Sry I'm salty 2nite this Indian panfuck shit takes forever to cook |
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Date: August 17th, 2015 8:22 AM Author: deep stain great post and it really adds a totally fresh dimension to your moniker (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28567900) |
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Date: August 17th, 2015 6:47 PM Author: mind-boggling property roommate TITCR.
JJs is a particularly rapacious franchisor that also manages to require its franchisees to run afoul of various state employment laws, something the idiots here might learn about by paying even minor attention to franchise law or legal news. |
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Date: August 17th, 2015 11:20 PM Author: rough-skinned hairy legs queen of the night What is it about the sandwich franchises? Subway and Quizno's are both bad too. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28572988) |
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Date: August 17th, 2015 1:12 AM Author: bonkers brethren dragon CR if you can get cheap real estate near a college campus. Anywhere else....
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Date: August 17th, 2015 7:31 PM Author: Buck-toothed Boyish Deer Antler School Franchising a JJs is a decent way to launder money. Just hire like 50 kids and ring up each one of them a full price sandwich or two everyday. That's like $4,000 in clean as a whistle cash each week. (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#28571115) |
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Date: August 18th, 2015 1:20 AM Author: deep stain its a fairly terrible way to launder money
1. you're losing another 5-10% off the top, in addition to taxes, in the form of royalty payments
2. you're losing another 20% off the top, in the form of sandwich ingredients you'll be tossing out (in order to make your inventory levels consistent with the fraudulent sales) or
3a. you'll be directly intervening to make sure that your inventory orders ~ignore~ the fraudulent sales, which will be a red flag for the investigators and also
3b. will attract the attention of the franchisor, who probably monitors (if not outright controls) your supply chain, and will take a keen interest in the fact that you don't seem to be buying enough food from them to account for all the sales your making (implying you are either sourcing cheaper ingredients elsewhere, or simply shortchanging the franchise's customers).
things that make a laundering option good are:
super low variable cost for sales (so that you can just make the appropriate inventory or supply purchases and toss them out without worrying about cutting into your take too much)
places where the cash exchange is not so readily viewable (so that a pig can't just sit on the street with a clicker and count how many people walk into your subway)
(not a money launderer)
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Date: August 18th, 2015 1:29 AM Author: hairless histrionic casino round eye I don't like businesses like this. Think it's a waste of $270k.
However, I guess if you have no other ideas but want to own your own business, I suppose it's okay. |
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Date: May 1st, 2016 5:12 PM Author: Racy irate haunted graveyard kitchen (http://www.autoadmit.com/thread.php?thread_id=2958368&forum_id=2#30385285) |