I have cash in the amount of $200.000.Can I buy a food Franchise?
Is there any company such as fast food franchise co. finance the rest,if they require more funds than what I have?
I think you need a million in liquid assets to get a McD’s. But the sub chains like Subway, Quizno’s, and such, are closer to that price range you mentioned. Those companies have a list of banks that are franchise friendly, but the end result of financing will be relevant to your credit history.
invest the 200,000.00. check with mcdonald’s, kentucky fried chicken.
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I think you need a million in liquid assets to get a McD’s. But the sub chains like Subway, Quizno’s, and such, are closer to that price range you mentioned. Those companies have a list of banks that are franchise friendly, but the end result of financing will be relevant to your credit history.
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been there, done that, and would never go back to owning a restaurant!
Well, my first recommendation is that you DON’T buy a business. I would recommend you take half of what you have and use it to build your own franchise.
But before you open a business that you want to turn into a franchise, I recommend you read "Purple Cow" by Seth Godin (and near everything you can read about him, actually).
AND read The E-Myth Revisited. The E-Myth is SOOOOO great. It’s a must. You have to read it.
I’m in business because of that book. So read it.
Otherwise, don’t buy fast-food. Buy a Starbucks.
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Hi I am selling a fast food ( but healthy) business, I highly recommend you DO NOT franchise, I am asking much less than your $200 000, and am here to support for any teething probs as well.
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Business Owner and Operator
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