Thanks for noting! Should have clarified. Incorporates time to open, breakeven and make substantial earnings. Also necessary reinvestment in furniture, fixture, equipment and other costs. We estimate 4 years on the low end running at a higher profit margin than 15%
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Checking math - $563K AUV @ 15% = $84,450. Median investment $346,000 divided by $84,450 = ~ 4 yrs - yes?
Thanks for noting!
Should have clarified.
Incorporates time to open, breakeven and make substantial earnings.
Also necessary reinvestment in furniture, fixture, equipment and other costs.
We estimate 4 years on the low end running at a higher profit margin than 15%