Anyone here own a Chick Fil A
- Thread starter Laparkafan
- Start date
You can not own a Chick-Fil-A. You can only be a good steward of a Chick-Fil-A.
Wouldn't mind buying a Chick Fila and then put a Rainbow Depot right next to it.
Collect $$$$$$
Call me Don Kang
Collect $$$$$$
Call me Don Kang
You have heard wrong. The return on the small initial investment is more than worth it.
They are very lucrative, especially for the restaurant business. Very tough to land one. They want you to have $1 mill liquid and the real kicker, you have to run it.
It's not a franchise fee, it's a tithe.
It better be lucrative if you need 1 million liquid and you have to be the manager of a fast food restaurant
If I had over a million in liquidity I wouldn't be starting a fast food restaurant.
People used to think the same "easy money" about owning a McDonald's. It is not uncommon to read about some of those franchisees blowing their brains out because they work so hard and they make little or they can't unload it without McDonald's blessing the deal, etc.
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Best way to wind up with a small fortune by owning a restaurant? Start with a large fortune!
I’ll never understand why anyone with half a brain would get into the restaurant business. Mind boggling.
It's the glitz and glamour that TV shows Portray. Gordon Ramsey jet setting around the world in his private jet and rubbing elbows with celebrities makes them think that is how all chefs are. It's the same reason my daughter thought she wanted to be a doctor after watching Grey's Anatomy until she started working in a doctors office during her first year of college and realized it isn't the same as it is on TV.
I think it was something that worked well in the 70's 80's and 90's. But you can't really have a dump of a bar anymore, and you can't just have 3 beers and 8 bottles of liquor. Some of these bars that have popped up near me the last few years were at least a million to build/renovate.. and many of them are sucking wind. Plus, there's no way you're not working 70+ hour weeks and pulling your hair out.
We always wanted to get back into the family bar/restaurant business, but everytime we start talking about, the convo ends a day or two later with a "Are we out of our minds!?"
Incorrect. They do not care about your net worth. It is a $10K franchise fee. And you do have run it. One of the reasons they are so successful is requiring hands on owners.
Also incorrect.
Nich Road and Turfland have same owner.
Hamburg and Richmond Road have same owner.
Mall has a separate owner.
The one going in on northside will have a different owner.
Very few owners are allowed more than one store. You have to be a top 10% operator to qualify for two stores and then there is no guarantee you will get another.
His first store was the Fayette Mall CFA. He had to give that one up to get the Turfland FSU store, and then eventually got his second store at the Nich Rd FSU.
You can’t own a CFA. You can manage it. If you’re really good at your job, CFA might offer you a corporate gig.
Technically incorrect. You are considered the owner/operator of the franchised unit and have lots of autonomy. The profit split for operators rewards them handsomely. If you give up a store to go to corporate you will likely be taking a large pay cut unless you are going in at a very high level at corporate.
You are absolutely correct. My cousin was the first operator to ever get two stores and it was a very difficult process. I’ve watched another operator go through all the hoops to get his second store and it is an exhaustive and difficult process.
I love how Chik Fil A triggers so many. Good food. Very well ran. Do everything they can to make the customer's experience one that will make them want to come back.
All those that claim to be a champion of tolerance and coexisting grind their teeth at the mention of Chik Fil A. It's almost as if they don't really have tolerance or believe in coexisting. Hypocrisy is the word.
All those that claim to be a champion of tolerance and coexisting grind their teeth at the mention of Chik Fil A. It's almost as if they don't really have tolerance or believe in coexisting. Hypocrisy is the word.
Good spicy chikin sammidge, second only to Popeye's. The sweet tea is usually spot on. The rest of it is pretty "meh" to me. I've gotten a couple of chikin biscuits from them that were doughy to the point of being inedible and I wound up just eating the chikin.
I mean what are we talking here? People have different ideas of profitable. If you told me I’d make 100k running a fast food restaurant open 6 days a week with 17 year old kids smelling like French fries when I got home I’d tell you to go pound sand.
Well, even Babe Ruth struck out every now and then. The one where I live is usually spot on.
Well, I’ll put it this way, if you were a CFA operator and only made $100k a year you wouldn’t be a CFA operator for very long.
Even mall operators who are going to be the lowest earners among operators will make 4-5x that.
He isn't incorrect at all. You own NO equity. When you retire it's chic filas store, not yours.
Went through a 6 month interview process with a current owner years ago to open one. He is a restaurant guy, I was going to provide financing. While true that the franchising fee is only $10k, it's misleading. First, that has nothing to with you being accepted as an " owner". They accept .13% of all applicants, it's easier to get into Harvard than a chik fila. Secondly, it's low because they pay for and own EVERYTHING. Land, building, equipment etc. In return they take 15% of all sales and 50% of profit. So you don't own ANYTHING.
One of the MANY things they wanted to see at the time was a significant amount of liquid assets. It shows responsibility, work ethic, stability. They don't want operators + investers, hence the reason we were rejected, but be alone eventually opened one. It included months and months, dozens of interviews, dozens of written essays etc.
It's a good gig for someone that wants to work 60+ hours a week and make a good living. But with no equity, you aren't making life changing income.
He isn't incorrect at all, you don't OWN anything. Chik fila is a NO EQUITY franchise. When you retire, it's their store, not yours. They own land, equipment, building, everything.
That’s true but you are the owner/operator with significant control of your store. You don’t have equity and can’t sell it or leave it to your family.
But you are technically the owner. It is definitely not a standard franchise model.
You are partially correct. They do put a high value on being a good steward. But net worth and liquidity are not the primary factors. Showing you know how to take care of what you had trumps net worth.
And the $10K is irrelevant. If they think you will be a good operator they don’t care about the $10K.
I haven’t looked at the numbers for the most recent year but your .13% of all applicants is definitely on target. Incredibly difficult to get a store. And even if you are selected you don’t get to choose the location.
I could have saved you the time. They have never accepted people who wanted a store as an investment and have always been open about it. Not sure exactly what you were going to finance though since they buy the property and pay for the building.
And they do expect you to put in a lot of hours early on and be a hands on owner. However, most every operator I know builds the store and gets a good team operating it and the hours become very manageable.
And obviously you live in a different tax bracket than most people I know if $600K(and most make more than that) a year isn’t life changing income. That much gives you the opportunity to live comfortably and invest well for the future. It’s not a lottery but gives you a great income for a long time.