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bundles
04-27-2006, 04:44 PM
Hello, I want to purchase an easy to run franchise like a Subway for my first business. What's the median profit for one of these? What other easy to run, less than 100k franchises might I look into?
Alternatively, anyone have a small business idea I can use?
Appreciate any help.

BusinessMan
04-28-2006, 02:00 AM
Not sure if this helps, but take a look at this section:
http://www.smallbusinessforums.org/modules.php?name=Content&pa=list_pages_categories&cid=3

bizdev
04-28-2006, 07:51 AM
Bundles,

I'm curious as to why you believe Subway would be an easy to run franchise? Any restaurant is actually one of the more difficult to run and succeed type of businesses. Especially so for a first time business.

I would seriously suggest you keep researching different franchises. And be careful not to get caught up in fast moving franchises (popular, big selling) such as certain exercise/fitness places. A good thing to do when trying to decide on a franchise is to also look at sites that offer franchises for resale. You will see almost as many of the really popular franchises being sold as being bought. I would take that as a caution flag.

Also, when reading through the UFOC's (Uniform Franchise Offering Circular) check out how many of their franchises have gone out of business.

I bought a retail type franchise that was easy to run, but discovered easy does not necessarily equal successful. I have since shifted gears. Feel free to email me if you'd like more info.

Good Luck with your search!

bundles
04-29-2006, 03:55 AM
Thanks for your replies.
I thought a Subway would be simple to run because of the minimal equipment and manpower required. Eventually, I would like to run a motel, like Mircrotel, but I don't yet have enough business experience or net worth for that. Which franchises do you think would be good for someone with no business experience? Looking at the list of the top 20 Franchise:
1) Most are small fast food places, i.e. Subway, Quiznos, Dunkin Donuts.
2)There's Curves which I don't trust, as it appears to be a fad.
3) Places which I think require specialized knowledge -- Tax Serices (do you need to be an accountant for this?), Real Estate (need to be a realtor?), Jiffy Lube
4) UPS store -- This is interesting
5) Commercial Cleaning -- doesn't really appeal to me

bizdev
04-29-2006, 06:55 AM
Why are you limiting yourself to the top ten? Run out and grab a copy of Franchise Handbook (in the magazine section of book stores). The Handbook has just about every imaginable franchise included. There are many, many that are successful and fun and interesting, yet not among the top ten (or 30 for that matter). Don't look at just the colorful, glossy ads. Look at the tiny ads too. Just by going through the different types of businesses you will know what appeals to you. It is helpful of course if you choose something that you have some experience with. Then you can narrow down by what you can afford.

When you have a short list of possibilities, request their UFOC's. Investigate that carefully, being especially watchful of their track record (successes and failures).

When I chose my franchise I went for family oriented, easy to run, happy customers (compared with down on their luck...payday loans; boring tax service; etc). I had just left the corporate world where I was hob nobbing with the upper echelon of major, well known corporations. The differences in the industries and cultures was TOO much of a transition for me. It wasn't a good fit. The franchise itself was awesome, but wrong for me. While running that business I was still developing other businesses. I have now settled on the one that suits me best and I honestly LOVE and am now selling the franchise.

PM me if you would like details on the one I'm selling (it can be relocated anywhere). I won't go into detail here because that is not why I am on this forum.

By the way, 3 UPS stores have recently opened and closed in my area. Curves are still popping up like weeds on every corner (I predict a short run for most of them). Pay day loan places...about 3 on each block (they can't possibly survive with that much competition). Jiffy Lubes (check the resales...scary).

Take your time in deciding which way to go. Part of the offering at my website is a very comprehensive manual on choosing a franchise (inside info from a franchise owner...me). However the website is still being remodeled. Again, PM me if interested.

Andy1982
02-03-2014, 09:27 AM
My own personal stance on any franchise is... Run a mile away and fast.

If you have some money to spend then you have so many other avenues to explore before you sell your soul to a big corp. I fully understand the draw to have an established brand name and you can hit the ground running if the site for the business gets the footfall. However, and this is just me remember, you are not really allowed to change the way the business functions or use your own business head to drive more sales etc.

There is something dull about going to a McDonald's in Thailand and getting the same clone as everywhere else in the world. Sure they do have some slight differences, but it wouldn't be my cup of tea. Sorry for negative stance on this one OP, but there's so many other ways to get into the food business.

tinyfang
03-20-2014, 12:02 AM
My own personal stance on any franchise is... Run a mile away and fast.

I somewhat agree with this statement. It really depends where you run your business ultimately, but if you manage to run a franchise in a high population zone like New York City's busiest intersections, then you're in for a huge monthly expense bill, on top of franchise licensing. The thing with fast food chains is that they are NOT something you just pick up and go. It's something that requires an intimate knowledge on the business itself, on top of management.

I have a friend that used to own a Dairy Queen. He had two of them and they ran relatively successfully, but he needed to know everything from being a manager and owner, all the way to knowing how to serve. He said hiring staff and managers wasn't enough. Knowing how to work the lowest level up is just as important. He told me that it was hard and through good marketing and reputation, word of mouth, coupons and timely advertisements made his businesses boom.

printer
10-20-2014, 04:28 AM
I also agree with tinyfang it will depends upon the location where you want to start your subway.

tuantranbk
07-28-2018, 05:26 AM
Why are you limiting yourself to the top ten? Run out and grab a copy of Franchise Handbook (in the magazine section of book stores). The Handbook has just about every imaginable franchise included. There are many, many that are successful and fun and interesting, yet not among the top ten (or 30 for that matter). Don't look at just the colorful, glossy ads. Look at the tiny ads too. Just by going through the different types of businesses you will know what appeals to you. It is helpful of course if you choose something that you have some experience with. Then you can narrow down by what you can afford.

When you have a short list of possibilities, request their UFOC's. Investigate that carefully, being especially watchful of their track record (successes and failures).

When I chose my franchise I went for family oriented, easy to run, happy customers (compared with down on their luck...payday loans; boring tax service; etc). I had just left the corporate world where I was hob nobbing with the upper echelon of major, well known corporations. The differences in the industries and cultures was TOO much of a transition for me. It wasn't a good fit. The franchise itself was awesome, but wrong for me. While running that business I was still developing other businesses. I have now settled on the one that suits me best and I honestly LOVE and am now selling the franchise.

PM me if you would like details on the one I'm selling (it can be relocated anywhere). I won't go into detail here because that is not why I am on this forum.

By the way, 3 UPS stores have recently opened and closed in my area. Curves are still popping up like weeds on every corner (I predict a short run for most of them). Pay day loan places...about 3 on each block (they can't possibly survive with that much competition). Jiffy Lubes (check the resales...scary).

Take your time in deciding which way to go. Part of the offering at my website is a very comprehensive manual on choosing a franchise (inside info from a franchise owner...me). However the website is still being remodeled. Again, PM me if interested.

Thank you so much for the note

tuantranbk
07-28-2018, 05:26 AM
Why are you limiting yourself to the top ten? Run out and grab a copy of Franchise Handbook (in the magazine section of book stores). The Handbook has just about every imaginable franchise included. There are many, many that are successful and fun and interesting, yet not among the top ten (or 30 for that matter). Don't look at just the colorful, glossy ads. Look at the tiny ads too. Just by going through the different types of businesses you will know what appeals to you. It is helpful of course if you choose something that you have some experience with. Then you can narrow down by what you can afford.

When you have a short list of possibilities, request their UFOC's. Investigate that carefully, being especially watchful of their track record (successes and failures).

When I chose my franchise I went for family oriented, easy to run, happy customers (compared with down on their luck...payday loans; boring tax service; etc). I had just left the corporate world where I was hob nobbing with the upper echelon of major, well known corporations. The differences in the industries and cultures was TOO much of a transition for me. It wasn't a good fit. The franchise itself was awesome, but wrong for me. While running that business I was still developing other businesses. I have now settled on the one that suits me best and I honestly LOVE and am now selling the franchise.

PM me if you would like details on the one I'm selling (it can be relocated anywhere). I won't go into detail here because that is not why I am on this forum.

By the way, 3 UPS stores have recently opened and closed in my area. Curves are still popping up like weeds on every corner (I predict a short run for most of them). Pay day loan places...about 3 on each block (they can't possibly survive with that much competition). Jiffy Lubes (check the resales...scary).

Take your time in deciding which way to go. Part of the offering at my website is a very comprehensive manual on choosing a franchise (inside info from a franchise owner...me). However the website is still being remodeled. Again, PM me if interested.

Thank you so much for the note

Davidcalvin
10-26-2018, 06:05 AM
Hi Bundles, I like your idea of investing in a franchise business. But it looks like you have an ocean of queries and sincerely need help in solving them. Well, check this out franchise opportunities (https://blog.tobuz.com/should-you-franchise-how-to-decide/), I am sure this will give you the much-needed help in planning your . All the best!

essencepk
11-13-2019, 12:49 AM
What are some resources I can look to as I start out?
What are the ballpark startup costs involved?
How much of a franchise royalty percentage should I collect?
How much do I stand to make?
What basic legal considerations do I need to be aware of?

TangelThor
11-13-2020, 01:12 AM
Introduce yourself.
Be clear about your intentions from the first paragraph.
Introduce your company: type of business, years of operation, etc. Anything that might interest the franchisor.
Explain the benefits of the franchise to the reader.
Provide additional material to support your case.

speeduser
12-04-2020, 03:46 PM
Running a Subway franchise is really good. You won't have any problem attracting customers if you ask me. - Phillip Elden (http://www.phillipeldenblog.com/)