Thanks Nick You have great skills of giving good answers and wonderful replies to great and difficult questions.Thank You You made me a better interviee.Any other tips you would like to share to make me a better person in from of the Chik Fil a CEO.?
Also you must have your first store for ten years before your eligible to open a second one? And you must devote you time to this store and no other side jobs or business can be held by the operator
A person pays $10,000 to be a Store Manager. No ownership; CFA owns the business, and takes a great deal of the profits; the Operator is just running the store.
Bayard Taylor You = lessor (name of lease), principal investment (your capital), legal ownership of chattels (only physical assets), licensee. Chick-fil-a = franchisor, IP owner, licensor. You have all the typical ownership liabilities. But you don't own the IP. Difference between owner of chattel & owner of IP. Imagine a chair. Chair has chick-fil-a logo, colour etc etc (all typical trademarks on it). You own the physical chair. Chick-fil-A owns all logo, trademark on it. In accordance to the terms agreed to in the contract, you have a licence to use those IP for business purposes. Beyond the contractual terms, you cannot use those IP. Imagine contract expires, chick-fil-a doesn't renew... what you gonna do? Nobody is gonna buy thousands dollars worth of chairs they can't use... (meaning no market) It IS useful to Chick-fil-a... they'll buy those chairs off of you for fraction of what these chairs would fetch if they weren't adorned with chick-fil-a trademarks etc... Are you gonna decline? No. You can pass it onto your children. But what will they do with it? Lol. It's a licence. It has a time limit. People need to understand this. I am bored as fuck, and I felt like contributing. You received free legal advice. Consider yourself lucky.
@@EatinBulletsForDinne Yes, employees operate every business. However, the title of a person whom actively runs a chick-fil-a location is called an "operator" as he/she operates that particular chick-fil-a. This man, Nick Renyolds, is not an owner, you're correct. You're also correct that he's an employee. However, the CEO is also an employee and so is the cashier. What @John Francis was saying was that the appropriate title for Mr. Renyolds is operator, as he operates the Chick-fil-a.
Hire your kid as the general manager when they trun 18 him hime 3 years at 21 give hime 10k and let him apply im sure chick fli a would love family own operation of a store if its doing good numbers
Chick Fil A owns you. Forget the money, your most valuable asset is TIME. You essentially live your life working a fast food job that those of us who did it in high school couldn't move on fast enough. Uggh....what a waste.
Interesting comment. I worked for McDonald’s in mid management in late 90s earning 60k plus FMV, plus plus plus … it was. 100k package at 26 years old. I worked maximum 44 hrs per week. With this, it’s the same but 300k + What do you earn now?
this paints a picture that is not very accurate actually! you really should read about owning a Chik-fil-A franchise before doing it! apparently corporate owns every part of it and you're not a franchise owner but an "operator" as well as they give you a miserable 5% earnings and God forbid you don't follow a Christian lifestyle you wouldn't make it past the first phone call.
If I remember correctly. Owner/operators start at an average of 200k a year 😅 Spend 10k to work for 200k…. 🤷♂️ seems like a nice trade. Not exactly an owner ship more like a management position but still.
mans in the orange is too much- staring and smiling at bruh and copying his poses, made my skin crawl- definitely a super awkward interview with a dude on the computer behind him- the low chairs with bad posture, and wiggling around, the camera angle, its all too off
Love this channel. Solid content. Thanks for what you’re doing
Very insightful and authentic. Thanks!
Patience is indeed a virtue. Anyway, Chick-Fil-A is the BEST of fast food restaurants!
Amazing interview
Very good Q & A.
The population where I live is apparently 12k and we have a cfa. We do 6 million in sales but the store was designed to be a 3 million dollar store.
Where is the store located
What a banger of business you have
Wow at least you had Sundays off.😢
Thanks Nick You have great skills of giving good answers and wonderful replies to great and difficult questions.Thank You You made me a better interviee.Any other tips you would like to share to make me a better person in from of the Chik Fil a CEO.?
Great video/interview.
The best concept for fast food!!!!!!
Every store is amazing... the workers are incredible... the family morals and values
Each restaurant is extremely well operated.
That last question had him sweating
Good thanks from tigrayns Iowa Sioux city.
I would like to hear an interview with this guy after CoVid.
Have you considered doing more of these? What are you up to now?
I would love to own a chick-fil-a
He is just an operator Not owner. You can’t not own a rest
My only complaint about Chick Fil A is how their drive thrus get backed up into the street and cause traffic disturbsnces.
10k. Buy in
I don't normally think the young person serving me at a fast food place is necessarily a drug addict, but he does live in Salt Lake City.
dude wake up, you are NOT a franchise OWNER, you are a franchise OPERATOR. HUGE DIFFERENCE.
Also you must have your first store for ten years before your eligible to open a second one?
And you must devote you time to this store and no other side jobs or business can be held by the operator
Nd what’s wrong with that ?
I used to live in Pocatello Idaho
Don't forget CFA express locations like the one on campus at BYU haha. Which are licensee locations.
That's more interviews than SpaceX!
Chick-fil-A has a great model as far as start up cost and brand support. But it is *_NOT_* for entrepreneurs. You are an _employee_ in many aspects.
So, this is true of all franchise models. However, it works for a lot of people.
He was talking about chipotle right?
Yup
Not true my city is 12k in population and we have a a chic fli
A person pays $10,000 to be a Store Manager. No ownership; CFA owns the business, and takes a great deal of the profits; the Operator is just running the store.
Brothers
It is a low entry model, BUT Chick-fil-A takes 50% of your income, so you pay in the back end, rather than the front.
Still make over 200k a year. Seems nice imo. Other franchises dont even come close to that pay
IIIrandomIII im pretty sure i didnt say that, but ok
I work at chick fil a
Is it true you have no equity in the business, you can’t sell the business or pass it on to your children ?
Bayard Taylor
You = lessor (name of lease), principal investment (your capital), legal ownership of chattels (only physical assets), licensee.
Chick-fil-a = franchisor, IP owner, licensor.
You have all the typical ownership liabilities.
But you don't own the IP.
Difference between owner of chattel & owner of IP.
Imagine a chair.
Chair has chick-fil-a logo, colour etc etc (all typical trademarks on it).
You own the physical chair.
Chick-fil-A owns all logo, trademark on it.
In accordance to the terms agreed to in the contract, you have a licence to use those IP for business purposes.
Beyond the contractual terms, you cannot use those IP.
Imagine contract expires, chick-fil-a doesn't renew... what you gonna do?
Nobody is gonna buy thousands dollars worth of chairs they can't use... (meaning no market)
It IS useful to Chick-fil-a...
they'll buy those chairs off of you for fraction of what these chairs would fetch if they weren't adorned with chick-fil-a trademarks etc...
Are you gonna decline? No.
You can pass it onto your children.
But what will they do with it? Lol.
It's a licence.
It has a time limit.
People need to understand this.
I am bored as fuck, and I felt like contributing.
You received free legal advice.
Consider yourself lucky.
nice
You have to have on rest for ten years before you can get a 2nd rest
He doesn't own the Chick-fil-A restaurant. He pretty much bought a job.
Jeffrey Twoey you have to pay for any job College is a place for that
10k for 100k a year job
Other job you pay 100k for 4 years of college
Invest 10k to make 200k+. The return is very good lol. 99% of people don’t make anywhere near that. I’d say it’s a good deal.
Chikfila employee not owner
operator is most accurate.
@@johnnfrancis employee
Operator
@@HotMuffinTime employees operate chikfila.
@@EatinBulletsForDinne Yes, employees operate every business. However, the title of a person whom actively runs a chick-fil-a location is called an "operator" as he/she operates that particular chick-fil-a. This man, Nick Renyolds, is not an owner, you're correct. You're also correct that he's an employee. However, the CEO is also an employee and so is the cashier. What @John Francis was saying was that the appropriate title for Mr. Renyolds is operator, as he operates the Chick-fil-a.
So it’s true no equity,, no transfer of ownership to children,
Hire your kid as the general manager when they trun 18 him hime 3 years at 21 give hime 10k and let him apply im sure chick fli a would love family own operation of a store if its doing good numbers
I’m sure if you’re exceptional at running one, they would allow your kid to take over. There’s always exceptions.
Operator gets. 5 to 6.%. Of yearly gross sales Each store. Does 4.2 million
he literally just did the math so i think he does know how much they make lol fanboy
Chick Fil A owns you. Forget the money, your most valuable asset is TIME. You essentially live your life working a fast food job that those of us who did it in high school couldn't move on fast enough. Uggh....what a waste.
But he's making 6 figures
You just described his employee. He has managers working for him and im pretty sure this guy doesn't step foot in his store lol
Interesting comment.
I worked for McDonald’s in mid management in late 90s earning 60k plus FMV, plus plus plus … it was. 100k package at 26 years old. I worked maximum 44 hrs per week.
With this, it’s the same but 300k +
What do you earn now?
this paints a picture that is not very accurate actually! you really should read about owning a Chik-fil-A franchise before doing it! apparently corporate owns every part of it and you're not a franchise owner but an "operator" as well as they give you a miserable 5% earnings and God forbid you don't follow a Christian lifestyle you wouldn't make it past the first phone call.
Guy in orange shirt you are smiling to much
from the rip too!
He is not the owner. He just gets a salary.
A very nice salary, enough to buy a nicer home and start his own IRA
It's moreso a commission
If I remember correctly. Owner/operators start at an average of 200k a year 😅
Spend 10k to work for 200k…. 🤷♂️ seems like a nice trade. Not exactly an owner ship more like a management position but still.
mans in the orange is too much- staring and smiling at bruh and copying his poses, made my skin crawl- definitely a super awkward interview with a dude on the computer behind him- the low chairs with bad posture, and wiggling around, the camera angle, its all too off
Lmao did you focuse at all at what they talked about
@@spurs5677lol
Yeah it was weird lmaooo
Smart guy for only being age 33.
drinking the kool aid is fun
He owns nothing pal, get it right...
But he’s making way more than you with a 10k investment lol. Plus I bet he has other investments that Chick-fil-A doesn’t know about.
So he's Mormon, Chicfila obviously isn't concerned about True Christian beliefs.
HTSS8 oh fuck off lol
STOP SAYING "SO"!!!!!!!!!!!!!!!!!!
So ?
So