#1 – You don’t actually own it
ChicK-Fil-A owns it all. Which limits your opportunity (see #2 and #5 below).
#2 – You don’t have any equity
Once you’ve built it into a cash cow, you could miss out on one of the biggest financial opportunities of your life…selling the business for a big ol’ premium.
#3 – It’s harder to get a Chick-Fil-A than get into Harvard
You’ll probably spend a bunch of time going through a process you have absolutely no control over.
#4 – You’re going to be an “Operator” not an Owner
Yep, you’re more like an employee than an owner because you have zero equity.
#5 – Your income is limited
You can’t open multiple locations. You can’t own other businesses. You don’t have the control.
So, if you want to spend $10,000 to buy yourself what is essentially a job as the General Manager of a high-volume, low-margin restaurant that is open 6am – 10pm, going through the application process might make sense.
Look, I realize I may make this sound a little harsh.
However, these are real things to consider.
Now, if you’re interested in building a scalable business that has a proven track record of success like Chick-Fil-A…
You own 100% of the equity
Your income isn’t limited
You have the ability to work ON the business and not in it
You can scale the business so you can create the lifestyle balance you want
There are other franchises worth looking into.
Some are phenomenal businesses in industries most people overlook or only hear about after it’s too late.
Others are great businesses you may know about that still have opportunities near you.
And most aren’t food franchises…
If you want to learn more about exploring franchises and which franchises may be the right fit for you, lets talk…