Does anyone here own a franchise? What’s your experience been?

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Yeesh sounds like a resounding thumbs down!

likefunny

Had a friend that left consulting, spent ~18 months training and finding a site. Sold within a year because hiring reliable workers at minimum wage was nearly impossible and the only way to make money was to work a heavy manager schedule rather than paying.

Just one anecdote but think it always seems easier than it is. You are paying a tremendous amount of revenue on thin margins for the name and supply chain. Tied into it all.

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My husband and I did two (very) different franchises and it was some of the hardest years of our lives. I was also working full time while he was owner/operator. When I tell you he worked 24/7 I mean every. single. day. The one was a major company and the second was much much smaller and just starting to franchise. The smaller was a such a better experience because we could actually talk to the owners and have productive conversations for both parties. It came with its own set of problems but overall our experience with the smaller company was leaps and bounds better than the larger company who “had it all figured out” and had a “playbook” we were required to follow. I know many people find great success but after years of hard work we were tired and ready to be done.

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Thanks for sharing! Do you mind sharing the industries these were in?

smart

My cousin ran a Quiznos . It was okish for a while but he needed to be there all the time with staff sickness and general low motivation.

The final straw was being threatened at gun point , punched in the face and robbed.

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Franchising a McDonald's will make you a millionaire

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