Franchises require start-up money and they usually require minimum net worth as well. That's the kicker. Food businesses are notorious for having razor thin margins and they usually don't make money for awhile. Most franchisees own several to make the real money. I know someone that owns a restaurant that has been losing money for several years. He just keeps funding it for some reason. If I were going to plop down 80k, I would open a dollar store. People buy the heck out of the crap. Shrinkage can be a problem, however.
CPA RIC




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