What kind of volume does a lemonade stand do after Labor Day? I can't see volumes persisting. Maybe it's a global warming play? You should beg off and stick with your tried and true dumpster diving model.
Franchise?
- Thread starter LacesOut
- Start date
What kind of volume does a lemonade stand do after Labor Day? I can't see volumes persisting. Maybe it's a global warming play? You should beg off and stick with your tried and true dumpster diving model.
So she'll work at the lemonade stand during the day and street meat after midnight? Tough hours. Maybe looking at the synergies of picking up some side action from lemonade clients? Smart.
To feed the workers in there doing the demolition work before they plow it under and build a high-rise condo on the footprint?
I looked into franchises 40 years ago and didn't like all the control and the continual buying a product from the mothership. I went on to start several of my own businesses from scratch kept them for three four years and then sold them. In the next couple years I'll start a couple more businesses that lean on more of a passive side since automation is really ramping up, plus I'm getting older and want to do less manual work.
Food related is just way too much employees too much product you have to make behind the scenes too much insurance you need now in case people lie about getting hurt or food poisoning, I like businesses where there's hardly any inventory.
Food related is just way too much employees too much product you have to make behind the scenes too much insurance you need now in case people lie about getting hurt or food poisoning, I like businesses where there's hardly any inventory.
Trafficking has franchise opps?
This is excellent and was my initial intuition (the double trouble part).
Many thanks.
%%
MCD, KFC, Subway, F, HMC/ ReMax/ Century21;
but partnerships seldom work unless its medical or law.
WE hear+ see many more more partnership failures than franchise failures.
I like running my own business, but some people are not cut out to start/ run a a business.
,This one?
https://www.franchisedirect.com/ret... Investment Name of, $4,000 9 more rows
Either way, it looks like this may be a useful website for ya. The main site.
umm, no, but plenty of unsuccessful franchise business stories from the perspective of a retired accountant.
Some points to consider:
- The franchisee and their family members will be working extra long hours for just a single wage. You will be better off working for a reliable employer, where you have some confidence of the weekly (whatever) pay cheque. Often, your staff members will be earning more than the franchisee.
- Check your rent contract thoroughly, especially if the proposed store is in a shopping mall. It will be your major expense. I've seen contracts where the tenant is required to pay for a full store refurbishment every three years. Not good.
- Don't believe cash flow projections from the franchisor. Get yourself a good accountant, and ask them the questions you are asking here. Don't go to someone who is just a tax specialist, but go to a local accountant, one who is not associated with the franchisor, and who can understand the contracts you will be signing.
- Specifically for the baby business:
- pick your area carefully. Some families spend on their children, other families (even though they may be wealthy) don't spend a cent and rely on family hand-me-downs.
- Items in the baby business tend to be one-off purchases. A crib, or whatever item, won't wear out, so you will see your customers once only. You won't have recurring cash flow from returning customers, so you will be relying on attracting new people through your doors. Your advertising budget will have to be set at a large percentage of sales.
Your choice.
KH
The American birth rate fell for the sixth consecutive year in 2020, with the lowest number of babies born since 1979, according to a new report.
Some 3.6 million babies were born in the US in 2020 - marking a 4% decline from the year before, found the US Centers for Disease Control and Prevention (CDC) National Center for Health Statistics.
https://www.bbc.com/news/world-us-canada-57003722