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Search results

  1. M

    Fast Food Business Systems

    Their are numerous types of POS systems available. Radiant Aloha is a popular one for the QSR industry and more upscale restaurants. Micros is also another big player. Both of these systems are capable of doing what your wanting and they can be customized to your specific needs. The down...
  2. M

    Business Acquisition Lender Suggestions

    I have done business with both National City and Heartland Bank. Heartland is a local bank and National City is a bit larger. Both offer fixed SBA backed business loans.
  3. M

    Business Acquisition Lender Suggestions

    Glad to hear things are working out. I have had both variable and fixed rate loans backed by SBA without real estate involved. Maybe it might just be the lender that is not offering the fixed rate.
  4. M

    Business Acquisition Lender Suggestions

    I have had some experience with SBA loans and independent lending companies. From my experience, SBA terms have been much more favorable and the prepayment penalties are much less. The SBA loans will typically require a decent amount of paperwork and take a little longer though. Independent...
  5. M

    Best Websites for Buy/Sell Business

    Here is another. www.businessesforsale.com
  6. M

    How Profitable Are Franchises

    The two franchises I have worked with both larger chains involved in fast food. I have tried to focus on franchises with low start up costs that are well known. The ROI can vary depending on many factors but I have seen anywhere from 40%-70% return yearly with some involvement from myself with...
  7. M

    How Profitable Are Franchises

    I was interested because the few franchises I have invested in have been nothing like that. I have heard of a few that operate with a similar business model as you described but not very many. I'm not trying to argue that franchises are good or bad either. I think they are what you make of...
  8. M

    How Profitable Are Franchises

    What franchise is this?
  9. M

    How Profitable Are Franchises

    I see your point although I would disagree with you. I do agree it can be considered a "slowlane" for some but that is true with any business. Profit potential can easily be 6 figures a year out of just one location, factor in another 10, 20, or 100 locations and you can see the benefits. Of...
  10. M

    How Profitable Are Franchises

    As stated above there are many variables involved to determine profitability. I have been in the Subway system for a few years and had another franchise before that. Location is very important and can have a huge impact on profit and start up costs. Depending on what part on the country you...
  11. M

    Business loan

    Are you looking to enter into a franchise or start your own concept? A proven concept such as Subway will be much easier to finance than starting your own.
  12. M

    How much of an ENTREPRENEUR are you?

    Serial here
  13. M

    Free money? It could be

    INVESTING 
    One more thing. Always make sure you have a zero balance on the card before you act on any of these offers they send you. Credit card companies will always apply your payments to the lowest interest rate balance first. Example: You have a card with a $10K limit. You have a standard...
  14. M

    Free money? It could be

    INVESTING 
    I have called and asked for offers before from Citi and they seem pretty strict on the few that are available to my account at the time. The offer of 0% and no fee doesn't come from the same bank very often. They like to play the waiting game just like we do. As long as you don't act on the...
  15. M

    Free money? It could be

    INVESTING 
    Thanks Rawr. I have used Citi and Chase recently. Citi also likes to give high revolving limits compared to the other banks I have used. Read the fine print carefully though. I see offers all the time that say 0% but have a transaction fee of 3% or $250, which ever if higher. Some will have...
  16. M

    Free money? It could be

    INVESTING 
    The offer for that card is not that rare. Most banks will send numerous offers before hand and that is there last chance offer. Citi and Capital One do it all the time. The down fall is how it affects your credit being a revolving account. If you don't plan to accumulate any additional debt...
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