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Related: Culture Forums, Support ForumsAnybody got a couple of million dollars they can loan me?
Have you ever eaten at Skyline Chili? It's one of those heart attack on a plate fast food type joints. They operate within 120 miles of the Cincinnati, Ohio area. I like to eat there and I wish they had one close by. I decided to look into what it would take to bring a store to my hometown.
http://www.skylinechili.com/franchise.php
Skyline Franchise Information
Minimum Requirements
Minimum requirements for a new Skyline franchisee are:
$200,000 to $400,000 liquid capital
$500,000 net worth, excluding personal residence
Ability to obtain financing for $500,000 to $1,200,000 project
Successful experience in a retail food service or sales/marketing environment
Fee structure:
Initial franchise fee: $20,000 for a 20 year license
Initial advertising requirement: up to $15,000 in first year
On-going royalties: 4% of gross sales; paid monthly
On-going advertising: 4% of gross sales; paid monthly
So for only a couple of million I'd be right in there. Do I have any investors here?
In_The_Wind
(72,300 posts)we could have made a go of it
Tobin S.
(10,418 posts)Keep me in mind just in case.
In_The_Wind
(72,300 posts)today . . .
only if I win a lottery
or do one hell of a lot of escort jobs.
Gorp
(716 posts)In_The_Wind
(72,300 posts)Gorp
(716 posts)But it still sounds like a HELL of a lot of fucking would be involved to even touch that amount of money. And that's not even factoring in the cost of rubbers.
In_The_Wind
(72,300 posts)NYC_SKP
(68,644 posts)You and I, of course, know better.
In_The_Wind
(72,300 posts)So. How was your day?
I've made so much money as an escort that I'm on vacation till spring.
Just kickin' back. enjoyin' the ride. [img][/img]
NYC_SKP
(68,644 posts)Last year my "client" threw in a skydive adventure on the North Shore of Oahu!
OBTW, that is my jump partner, not my "sponsor".
In_The_Wind
(72,300 posts)Way back when I was 18, I gave some serious thought to parachuting.
Great photo. You have a very warm smile.
Sekhmets Daughter
(7,515 posts)You are misunderstanding what I_T_W_ said...She is a licensed, permitted, insured Over The Road escort for oversized TRUCKS She makes the contacts with the police departments etc. You've seen them hundreds of times.
In_The_Wind
(72,300 posts)elleng
(131,077 posts)have it delivered thru the mail, NO NEED to build or run a restaurant!!!
We ordered it. Husb from Dayton, law school + later years in Cinti, and he liked the stuff. I didn't love it, but gave it to him for birthday.
Tobin S.
(10,418 posts)That I wouldn't be buying the franchise just so I could have cheese coneys, but that would be a big perk. I'd want to be making money, of course.
elleng
(131,077 posts)even tho this brand is fairly well-established. Not MY cup of tea!
Gorp
(716 posts)You never know. Besides, just because you open it doesn't mean the market is right for it. Part of any good business plan is an analysis of the competition both current and projected, along with studies of similar businesses that have failed. I mean, good grief, the local Hooters just shut down without warning and it always seemed like they were packed. I haven't heard a reason yet, but a lot of new competition has opened up in the immediate vicinity.
Yeah, it requires a lot more work and foresight than just coming up with enough money to open a place.
Gorp
(716 posts)Duer 157099
(17,742 posts)Rent a storefront, get your favorite chili recipe, use quality ingredients and voila, that chain has competition that is probably much better.
Tobin S.
(10,418 posts)It would be cheaper going your route, I don't know about successful, though.
Major Nikon
(36,827 posts)They do similar chili to the Skyline model.
http://www.ikeschilius.com/
I'm no restaurant owner, but I've seen determined owners beat the franchising model. The problem I see with the franchising option is that while it arguably gets your sales going initially better, you then become a slave to the franchise holder for the duration. My neighbor bought a couple of Quizno locations, but ultimately gave it up because he said the company was draining too much of his profits to make it worthwhile.
MiddleFingerMom
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Moondog
(4,833 posts)each and every month.
Look elsewhere.
DFW
(54,436 posts)The son of my immediate superior (who happens to be top dog in our outfit) has discovered the Turkish Döner Kebap. It is basically like Greek Gyro, only tastes better (if spiced right) and costs less. You can get a huge half giant Turkish pita full of grilled meat plus all the lettuce, onions, feta, tomatoes, shredded white cabbage, tzatziki and/or red hot sauce on it (you specify when ordering), and it usually costs around $4.50, tax included, in Germany. It is usually enough to feed two people. All fresh ingredients (can also use eggplant stew as a vegetarian alternative to the meat, too), and the meat is either lamb/veal filets or chicken/turkey filets. They are piled on top of each other, packed tightly, and the meat is shaved vertically with a sort of hedge trimmer as it grills on the slowly turning spit.
He wants to open a chain of them nationwide in the USA. He'd have to avoid areas where anti-Muslim sentiment is at fever pitch to avoid vandalism, but I think he's right--it would take off like wildfire. I think that in town with enlightened colleges and universities, he could make a fortune. All he would need is the Döner grill machines--the best are made right here in Germany, and even the Turks in Turkey import the German machines now--and about a thousand permits and a gazillion dollars start-up capital. I don't have it, but his dad does. His dad bought something like 50 shares of Berkshire Hathaway A right when it started up a few decades ago. They are now worth over $6 million minus whatever he'd have to pay in Capital Gains taxes. I doubt the kid's brother would be cool with gambling away his half of his inheritance, though, so he'll probably have to keep his dream just that until some venture capital mogul agrees with his idea.
ask him to start in Tucson! pllleeeeaaaasssssee
DFW
(54,436 posts)One of the perks of living most of the year in Germany is that there is one of those Döner stands on just about every corner.
Kali
(55,019 posts)good eats there, never missed Mexican food the whole time I was there - for me that says a hella lot about the cuisine!
DFW
(54,436 posts)Just never found the time, and I don't want to run over there just for a 2 day guided tour through Istanbul.
I'll get around to it one of these years though. Ben Türkce çok iyi konuşyorum! (well, actually, no I don't but I know a few words, and that's a start!)
LWolf
(46,179 posts)Send me your information, and I'll have that Nigerian Prince who keeps trying to send me money send it to you instead.
Art_from_Ark
(27,247 posts)Unfortunately, it's 100 trillion *Zimbabwe* dollars