Author Topic: Why it only costs $10k to ‘own’ a Chick-fil-A franchise  (Read 543 times)

rcjordan

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Why it only costs $10k to ‘own’ a Chick-fil-A franchise
« on: January 20, 2020, 01:08:34 AM »
good read about the US franchise food biz in general

https://thehustle.co/why-it-only-costs-10k-to-own-a-chick-fil-a-franchise/

ergophobe

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Re: Why it only costs $10k to ‘own’ a Chick-fil-A franchise
« Reply #1 on: January 20, 2020, 02:25:52 AM »
Quote
With a 0.13% acceptance rate, it’s harder to become a Chick-fil-A franchisee than it is to get into Stanford University (4.8%), get a job at Google (0.23%), or even become a special agent for the Secret Service (1%).

:-)

DrCool

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Re: Why it only costs $10k to ‘own’ a Chick-fil-A franchise
« Reply #2 on: January 20, 2020, 08:08:11 PM »
I have a few friends who are managers at CFA back in Jacksonville and they all would love to own one. Seems like the people that work there really, really like the company and are willing to stick with them. One friend has been a manager for probably about 6 or 7 years. Can't think of any other fast food company where a store manager would last that long.

Another thing is that you don't get to pick where you open a store. If you are chosen to be an owner you take the store CFA wants to give you. At least that's what my friend told me.