"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
Asking price is $40,000. Owner is an absentee owner and has 1 FT and 4 PT employees and is located inside a Walmart.I would never recommend buying a subway franchise. The margins are simply too thin and you have to own more than a handful in order to make any money. And a franchise of any kind only grossing $265,227 is a red flag, but a Brick and Mortar fast-food chain only grossing that amount is an even bigger flag.
But aside from that there is simply too many unanswered questions here to give a good value. Like, how much are fixed expenses per month, how many employees, where is it located...etc.
I'd run far from this deal.
In general we don't want to supplement our income. We want to increase our wealth. We want to maintain or achieve an upper class lifestyle. We do not want to ever worry about money.#1: The Commandment of Control.
As an entrepreneur, you want to control your business whereas no one entity can put you into bankruptcy. For example, will a Google algorithm change kill your business? Will that MLM company go out of business and destroy all you worked for? Will Facebook change its Terms of Service for application calls and all of sudden you're out of business? Did that great affiliate program you've been hawking suddenly stop paying? Or change its terms and now you're shit-out-of-luck? The Commandment of Control eliminates 3rd party risks that can take down your business in one swift stroke. You can either paint your own big picture, or be a swab of paint in someone else's.
Franchising.com are in the business of selling franchises. Look for unbiased opinions.There is a magazine that will give you a little more insight into multi-unit franchising
Franchising.com: Your Complete Guide to Buying a Franchise Opportunity
The magazine is full of interviews of success stories of people who have done it...
There is a lack of diving deep into the process.
But, shows you what is possible.
Common thread... Private Equity partnerships, play in this field heavily.
See this post:I was looking at purchasing an existing Subway which has the following: Any suggestions on its value?
(Seller's Discretionary Earnings)
included in asking price
included in asking price
The fact it's in a walmart changes things for sure. I'd still be leary...if he is an absentee owner and it's making him money, why sell?Asking price is $40,000. Owner is an absentee owner and has 1 FT and 4 PT employees and is located inside a Walmart.
I'd have an issue about the control.I know MJ mentioned in his book that a coffee shop will not ever hit the fast lane, so a single subway sandwich shop wont either, but what if say we had 20 shops? Each with a average net of 5-6k a month will put you in a super fast lane. Anyone thought about this?
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