Thank you for this wonderful info. I’m unemployed right now. Trying to find a franchise that might suit me. Lost my job before the pandemic surviving thyroid cancer but still dreaming of owning a Franchise.
I am in the restaurant industry and all I can say is this guy knows what he is talking about. Ice cream store revenue is not high especially fluctuated due to weather and season. Subway is goin down (my cousin owns it).
Subway I’m guessing because there are so many other better sandwich options - like Jimmy John’s, and Pot Belly - right across the street from our Subway (and Chipotle) right next to it - not sure how they survive!
You consistently provide excellent information and superb advice. And you do so in a clear and engaging way . I am well past the age where I would do a franchise 😎🌴 I watch you just to keep my mind sharp and learn because once you stop learning you are headed to mental deterioration. Plus your videos are so well produced !!
I have researched a bit and seen truly unique range. Some franchises have more hands on some hands off, some good roi some worse, some are profitable from single unit pov some are profitable from Multi-unit ownership pov
I know you said food franchises arent as profitable as people think, but has there ever been a situation where someone's food franchise was very profitable because they brought the franchise into a city that didn't have that particular franchise?
Absolutely! There are thousands of very profitable food franchises. We're speaking in generalities and averages. There are some excellent food franchises, that in some cases can be the best choice within a given territory. Thx for the question.
As always your videos of great. I have noticed that you seldomly do videos on passive income, is that because even if we do have enough money to invest, most profitable business are going to take a lot of work upfront? I ask because I'm about to start med school, so I will not have the time to be very hands on with any side business for a few years.
Thank you. And mostly yes. There are very few truly 100% "passive" businesses from a start-up perspective. Several franchises suggest they are passive, but if your manager quits, or if anything happens the manager can't handle, the business becomes hands on rather quickly. There are some options better than others, but realistically an owner should be prepared to put in work. The exception is the purchase of multi units where a director is installed to take care of everything. These are typically investor groups/celebrities etc. The capitalization has to be there to start. Purchasing an already operating franchise with manager in place can be a safer option, but still not foolproof. Good topic for future vid. thanks!
Our average investor has under $100k available, and yes, many are successful. Not sure what you mean about needing 1m? And initial investment amounts are noted in the video. Thanks for watching.
Can you do one on the truck route businesses such as Frito-Lay by PepsiCo but they're actually like representative of the company they drive a company truck that they have to buy and pay for and they call a new one cost $20,000 and up if you don't pay the $20,000 and up you get the 11,000 and down with no back office support or technical support and no backup is the engine goes down
Impossible to make any recommendations without knowing more. Its free to speak with a broker just call us! Once we know your goals/budget/skills/market we can show you with multiple options: www.franchise.city/our-services Thanks for the question!
when you speak of senior care centers are you referring to assisted living centers or assisted facilities at home by doing a conversion from home to assisted facility home?
After earning a BA in Marking with a Psychology minor- My Advice: A person assumes just because they can cut hair good, then can own a salon. Or they can make a killer sammich, they can make it big with a Subway. Or vice versa. Not true. This is 2 very different skill sets. You can be a good business owner, yet know nothing about managing people. Or cooking food, or fitness. One important aspect of owning a business people forget-(for example) if you stink at accounting, or have no idea what employment laws apply to your business, or you want to own a bar but hate dealing with drunk people, or LOVE providing in home care to seniors and struggle with keeping up with all the regulations- HIRE the right person to deal with that. PAY them well. TREAT them well. Listen to your customers, but LISTEN to your employees, and back them up. Do your homework before investing in a franchise. Find yourself a mentor. Be humble. Don't expect to become rich overnight-it could take 3-5 years of hard work before you can start taking a pay check from your investment. Let your reputation, not your lambo or 3 story house speak for you.
Investment $2,596,000 to $3,835,000. They do not include financial data in their FDD, which is a bit of a red flag. We can provide complete comparative reports on any franchise and offer alternatives: www.franchise.city/our-services Thanks for the question.
how much does it takes for you to help finding the suitable franchise for an individual i just won a lawsuit & need help lol & was told i wouldn’t even have to use outright cash
Sorry, missed this comment! Our service is free for buyers - same as working with a Real Estate agent, you can learn more here: www.franchise.city/our-services Thanks for watching!
Thanks for the question. Are you exploring building a franchise on owned land? From a general perspective there is no issue building on owned land and many franchisees have done so. There may also be additional tax advantages and certain franchises provide incentives for Indigenous groups. If you are seeking to form a franchised type model within an existing committee that would be a question for a franchise lawyer. Sorry if I misunderstood the question! Feel free to reach out if we can help: www.franchise.city/our-services
Thanks for the question. Yes, we are a Canadian based company serving both Canada and the USA. You can learn more about our services and request a consultant reply here: www.franchise.city/our-services
Sorry you feel that way. There are a number of reasons we don't publicly mention brands, but anyone can just give us a call, speak with one of our brokers who will not only disclose the name of the company, but provide you with a free assessment to determine eligibility and suitability for that particular franchise. www.franchise.city/our-services
Do you only specialise in franchises in the US, can you do a video on the UK please. I have £200k to invest. Could push it to 400k if I pull out money from my other business.
Think real estate, it will be yours, and you have no one to report to, with that kind of money start with one property at a time and you can eventually build your empire as big as you want. Watch the TH-cam channel ( his and her money) it's a wealth of information, I learn so much about building wealth on real estate on that channel. Doesn't matter if you are from England I assume. I am trying to save 200k by 2021. If Biden wins America will definitely go into recession, so I can invest in real estate. My brother did this with the recession during Obama, He obtained 10 properties, all cash. He don't have to work, but chose to so he can obtain more properties.
Unfortunately our expertise is limited to the Canadian and US markets. The UK economy and market demand is quite a bit different to here, and brands that excel here may not be applicable over there. Thanks for the question.
Actual examples start at 2:35. Important information for investors starts at 0:00 :-) Need help finding the best franchise for your situation? Call Franchise City brokers: www.franchise.city/our-services
how can I contact you tried calling the phone number and went straight to voicemail. I filled out an inquiry form on the website but no one has got back to me
Hi Ryan, thanks for the message. I see in our database your inquiry went to Joe Fedorchuk, who reached out to you on the 13th. If you don't manage to connect please let me know.
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](/img/n.gif)
Thank you for this wonderful info. I’m unemployed right now. Trying to find a franchise that might suit me. Lost my job before the pandemic surviving thyroid cancer but still dreaming of owning a Franchise.
Thanks for watching and we are sending positive thoughts! If we can be of any assistance let us know.
Hi Lesette, id love to be updated on how your search is going.
@@FranchiseCityOnline m
@@FranchiseCityOnline send money 😏
Do u have a business partner that helps a lot especially someone who already owns a small business
By far the best Franchise related channel on TH-cam!
Thank you!
I agree with your comments about finding a compatible franchise - valuable info!
Rick Ross (Artist) inspired me to look into franchises. He owns over 75 Wing Stops.
Great to hear! Many celebs are franchise owners th-cam.com/video/IcHEMtAXaTo/w-d-xo.html Thanks for visiting :-)
He raking in a lot
Thanks Robert..really enjoyed and looking forward to your weekly show.
Thanks!
Love your content!
The real question is "Which franchises make the most money per hour worked?"
That’s a “worker bee” mindset .no offense. An “investors” mindset figures out ways their money can make more money …. Just food for thought
I am in the restaurant industry and all I can say is this guy knows what he is talking about. Ice cream store revenue is not high especially fluctuated due to weather and season. Subway is goin down (my cousin owns it).
Thanks for the support!
Subway I’m guessing because there are so many other better sandwich options - like Jimmy John’s, and Pot Belly - right across the street from our Subway (and Chipotle) right next to it - not sure how they survive!
Which do you recommend
@@twincherry4958 I recommend don’t do restaurant right now. High food cost and hard to find labor.
@@allmosts123 how about convenience stor...I'd not consider a restaurant
Great Information - not sure how I stumbled on to your videos But so glad I did - I gave you a Like, and I subscribed too. Thanks!!
Thank you!
You consistently provide excellent information and superb advice. And you do so in a clear and engaging way . I am well past the age where I would do a franchise 😎🌴 I watch you just to keep my mind sharp and learn because once you stop learning you are headed to mental deterioration. Plus your videos are so well produced !!
Thank you for the kind words and continued support!
Great content. I'm considering a franchise business as I like that the systems are already set up.
Thank you for watching!
You give such great advice of wanting doing or starting a franchise business you rock !
Thanks for watching!
I have researched a bit and seen truly unique range. Some franchises have more hands on some hands off, some good roi some worse, some are profitable from single unit pov some are profitable from Multi-unit ownership pov
Great content
Thanks for watching!
I know you said food franchises arent as profitable as people think, but has there ever been a situation where someone's food franchise was very profitable because they brought the franchise into a city that didn't have that particular franchise?
Absolutely! There are thousands of very profitable food franchises. We're speaking in generalities and averages. There are some excellent food franchises, that in some cases can be the best choice within a given territory. Thx for the question.
As always your videos of great. I have noticed that you seldomly do videos on passive income, is that because even if we do have enough money to invest, most profitable business are going to take a lot of work upfront?
I ask because I'm about to start med school, so I will not have the time to be very hands on with any side business for a few years.
Thank you. And mostly yes. There are very few truly 100% "passive" businesses from a start-up perspective. Several franchises suggest they are passive, but if your manager quits, or if anything happens the manager can't handle, the business becomes hands on rather quickly. There are some options better than others, but realistically an owner should be prepared to put in work. The exception is the purchase of multi units where a director is installed to take care of everything. These are typically investor groups/celebrities etc. The capitalization has to be there to start. Purchasing an already operating franchise with manager in place can be a safer option, but still not foolproof. Good topic for future vid. thanks!
Great information
Thanks for watching!
Which is the most profitable Senior Care franchise and which territory?
You don’t speak on the initial investment, anyone who doesn’t have 1million in assets doesn’t mean they wouldn’t be super successful.
Our average investor has under $100k available, and yes, many are successful. Not sure what you mean about needing 1m? And initial investment amounts are noted in the video. Thanks for watching.
Can you do one on the truck route businesses such as Frito-Lay by PepsiCo but they're actually like representative of the company they drive a company truck that they have to buy and pay for and they call a new one cost $20,000 and up if you don't pay the $20,000 and up you get the 11,000 and down with no back office support or technical support and no backup is the engine goes down
Ill take a look! If you need help finding a franchise you can always contact Franchise City directly: www.franchise.city/our-services
Any comments on Outdoor Lightning Perspective franchise offer?
Impossible to make any recommendations without knowing more. Its free to speak with a broker just call us! Once we know your goals/budget/skills/market we can show you with multiple options: www.franchise.city/our-services Thanks for the question!
Thank you.
Thank you for watching!
Food Trucks
What about a Nora Mental Health franchise? Any videos on that one
No, however you can call us anytime to get custom reports and assistance (free) franchise.city/our-services Thank you for watching.
@@FranchiseCityOnline done. Just sent a message through the link
I would love to see you do a review on the Bimbo Bakery company
Hi, I’m a highly skilled sales person. I am interested in getting info on the 1st option of consulting. How do I contact you?
www.franchise.city and choose the contact page. Subject line: consulting franchise. Thanks for visiting.
I'm only 13 and watching thoose so I can learn alot and have alot of franchises so I can own buggatis
Staffing franchise? Which one?
Thanks for the video. How can I recieve assistance?
Thanks for watching! If you are in the USA you can learn more and request to speak with a consultant here: www.franchise.city/our-services
when you speak of senior care centers are you referring to assisted living centers or assisted facilities at home by doing a conversion from home to assisted facility home?
Most franchise models are in-home caregiving, no brick and mortar. There are a few B&M, but we didnt use the figures of those. Thx for the question.
After earning a BA in Marking with a Psychology minor- My Advice: A person assumes just because they can cut hair good, then can own a salon. Or they can make a killer sammich, they can make it big with a Subway. Or vice versa. Not true. This is 2 very different skill sets. You can be a good business owner, yet know nothing about managing people. Or cooking food, or fitness. One important aspect of owning a business people forget-(for example) if you stink at accounting, or have no idea what employment laws apply to your business, or you want to own a bar but hate dealing with drunk people, or LOVE providing in home care to seniors and struggle with keeping up with all the regulations- HIRE the right person to deal with that. PAY them well. TREAT them well. Listen to your customers, but LISTEN to your employees, and back them up. Do your homework before investing in a franchise. Find yourself a mentor. Be humble. Don't expect to become rich overnight-it could take 3-5 years of hard work before you can start taking a pay check from your investment. Let your reputation, not your lambo or 3 story house speak for you.
You should read Rich Dad, Poor Dad. You're thinking like the Poor Dad right now.
I disagree. What he says is common sense. Better read it again
Which franchise is highly profitable in resort towns? For example Barcelona,Spain.
Sorry, not familiar with economies outside of USA / Canada.
Question Do you know anything about owning a TGI FRIDAYS
Investment $2,596,000 to $3,835,000. They do not include financial data in their FDD, which is a bit of a red flag. We can provide complete comparative reports on any franchise and offer alternatives: www.franchise.city/our-services Thanks for the question.
I just sent a message im curious to know something about these two industries i am looking at obtaining (one or the other) hope you guys can help.
how much does it takes for you to help finding the suitable franchise for an individual i just won a lawsuit & need help lol & was told i wouldn’t even have to use outright cash
Sorry, missed this comment! Our service is free for buyers - same as working with a Real Estate agent, you can learn more here: www.franchise.city/our-services Thanks for watching!
Am first nations from Canada I want to be franchisee on my committe how will this work on land I already own??
Thanks for the question. Are you exploring building a franchise on owned land? From a general perspective there is no issue building on owned land and many franchisees have done so. There may also be additional tax advantages and certain franchises provide incentives for Indigenous groups. If you are seeking to form a franchised type model within an existing committee that would be a question for a franchise lawyer. Sorry if I misunderstood the question! Feel free to reach out if we can help: www.franchise.city/our-services
Hi
Would you be able to help me in Canada?
Looking for something close to Toronto with a half a million investment
Thanks for the question. Yes, we are a Canadian based company serving both Canada and the USA. You can learn more about our services and request a consultant reply here: www.franchise.city/our-services
You just talked about business sectors but didn’t mention company name. Not helpful.
Sorry you feel that way. There are a number of reasons we don't publicly mention brands, but anyone can just give us a call, speak with one of our brokers who will not only disclose the name of the company, but provide you with a free assessment to determine eligibility and suitability for that particular franchise. www.franchise.city/our-services
Do you only specialise in franchises in the US, can you do a video on the UK please. I have £200k to invest. Could push it to 400k if I pull out money from my other business.
Buy yourself some stocks and shares, get mining, renewabkes, oil, marijuana, infrastructure, restuarants, agriculture etc
Think real estate, it will be yours, and you have no one to report to, with that kind of money start with one property at a time and you can eventually build your empire as big as you want. Watch the TH-cam channel ( his and her money) it's a wealth of information, I learn so much about building wealth on real estate on that channel. Doesn't matter if you are from England I assume. I am trying to save 200k by 2021. If Biden wins America will definitely go into recession, so I can invest in real estate. My brother did this with the recession during Obama,
He obtained 10 properties, all cash. He don't have to work, but chose to so he can obtain more properties.
Unfortunately our expertise is limited to the Canadian and US markets. The UK economy and market demand is quite a bit different to here, and brands that excel here may not be applicable over there. Thanks for the question.
Hi, would you be interested in partnership?
I don’t want to make a million dollars just enough to get by.
Staffing you serious with Corona there is no jobs how can you say 6 million plus in revenue wow
I can say it because it was accurate for the time. The average revenue number in 2020 changed to 5.4 million.
Where's your chin beard?
lol it was replaced briefly by a full beard, and then razed to the ground.
Actual examples start at 2:35. Important information for investors starts at 0:00 :-) Need help finding the best franchise for your situation? Call Franchise City brokers: www.franchise.city/our-services
Could you do Absentee owned Franchises one day thanks...
@@msway836 Will do!
but i dont want one franchise, i want multiple franchises (like 100 of em) so i can go sail in a catamaran while making millions
Please guide me to buy profitable Franchise in Dallas, Tx. I am actively looking and ready to jump in
help me
Great Content
Very important information. Thank you for sharing
Thanks Hassan!
how can I contact you tried calling the phone number and went straight to voicemail. I filled out an inquiry form on the website but no one has got back to me
Hi Ryan, thanks for the message. I see in our database your inquiry went to Joe Fedorchuk, who reached out to you on the 13th. If you don't manage to connect please let me know.