Your Questions About Investing In Franchise Restaurants

0
0
0
0
0
0
0
0
0
or copy the link

George asks…

Looking for a (bbq-chicken) fast food restaurant investors who wants to invest in Cambodia?

Hi… I’m a young korean business man who’s currently helping my dad run a garment factory. Ma dad bought the whole contract of (BBQ-chicken(one of the most popular korean fast food restaurant)) in cambodia. I’m looking for investors who’s willing to make this fast food restaurant in Cambodia. I can 99% guarantee that it will succeed. I have a brochure of it, so if ur interested, jst email me and I’ll send you the brochure. It’s already popular in Singapore, part of china, Vietnam, and Malaysia. I guarantee that its going to grow more and more in asia as the population increases. I want to make one too, but I have a financial problem at the moment. It cost US$250,000 just to franchise this name. I don’t think its costly because there’s one fast food restaurant here that cost 3 million $ just to franchise that name. just email me for more info…(dongju.ji@hotmail.com) or (kick2smash@yahoo.com)

Justin answers:

No couldnt support something like that, not when the majority of the worlds population is suffering from disease’s caused by fast food.
I see you said the fast food chain is healthier than your average fast food chain as you use olive oil instead of normal oil. Hmmm think you better do some study on that. Olive oil has a low heating point, which means when heated is destroyed and than turnt into a saturated fat no better than the other oils you find in fast food shops. So not only will it be a saturated fat but also a exspensive oil to use to destroy, you might as well use the bad oils…

Daniel asks…

B Law Homework l0 pts : )?

Hi i had 20 questions to do but i am having trouble with these two i want to get 100 : ) 10 points for both correct answers : )

Price wants to be his own boss and is considering starting his own business. In order to decide what form his business should take, he should consider all of the following EXCEPT: A tax issues
B personal liability for the owner
C publicity and public relations
D need for capital

Melinda wants to have her own business. She has considered creating a corporation for her business, but decides to invest in a Taco Bell restaurant instead. This is an example of a: A processing-plant arrangement
B distributorship franchise
C chain-style business operation
D manufacturing arrangement franchise
.
I think both answers are C am i right?

Justin answers:

Price wants to be his own boss and is considering starting his own business. In order to decide what form his business should take, he should consider all of the following EXCEPT:
C. Publicity and PR. But in strict sense how can he run the business without these two aspects. The answer should have been NONE

Melinda wants to have her own business. She has considered creating a corporation for her business, but decides to invest in a Taco Bell restaurant instead. This is an example of a:
C. Taco Bell is an American chain of fast-food restaurants

John asks…

Please Help on Homework l0 pts?

I am not going to be one of these people that ask for the answers. I believe that the answer is C on both of these. Can anyone ease my mind 10 points if you do : ( Again i think both answers are C!

Price wants to be his own boss and is considering starting his own business. In order to decide what form his business should take, he should consider all of the following EXCEPT: A tax issues
B personal liability for the owner
C publicity and public relations
D need for capital

Melinda wants to have her own business. She has considered creating a corporation for her business, but decides to invest in a Taco Bell restaurant instead. This is an example of a: A processing-plant arrangement
B distributorship franchise
C chain-style business operation
D manufacturing arrangement franchise
Ur right Albo i was thinking to much on the 1st one thanks for helping you will get best answer Promise : )
Ah man it was C i got it wrong : ( Its okay Albo it was a trick question i think.

Justin answers:

First one is D, because when you create a business you dont ask yourself why do I need money, its obvious that theirs always a need for capital.

Second one, just a guess, is C.

Thomas asks…

Accounting & Book Keeping Companies listed in the Stock Market?

I ran restaurants, staffing company and couple of other businesses. All ended up losses. Economy, Labor Cost(8 Dollars an hour), Rents(5000/month), Reason for Losses: Income is less(15000/month) and Expenses are High(5000 Rent, Food cost 5000, Labor 5000, SalesTax, Utilities, Accounting, Franchise and Misic 5000) is the reason. In the whole process, i identified that the only people who are never vulnerable are Accountants & Tax Consultants. BookKeeping Preparation 200/Month. Payroll 100/Month. Sales Tax Preparation 100/Month, Year End Tax Preparation 100/Month. Total i paid 500/Month. Trust me i mentioned lower than what i paid. These expenses are mandatory, You can not escape, even after you close the business, until you close the corporation. To close Corporation its another big financial story(to list expenses). So i can not start an accounting company. But i decided to invest. What are the Accounting & Book Keeping companies listed in stock market? Other that Jackson Hewitt, HRBLOCK, INTUIT, ADP and PayChex?

Justin answers:

Accounting firms are not publicly traded. They are owned by their partners.

Robert asks…

can someone pls help me to proofead this?? pls pls pls, tks?

Ron-Lan Shen, a lady with perfect make-up, curly hair and a white outfit. She may seem like a 40 years-old woman, but she’s actually 52 now. She is what we call a typical Korean “O-Ba-Sun” (mid-aged women).

In Korea, there are over 7 million females that are over 50 years-old. That is 15% of its total population. These women are the key players for economic growth behind the scene. They are firm, persistent, doughty; and most importantly, family always comes first.

Ron grew up in South of Korea, got married at the early twenties and had three lovely children, a full time housewife. Her husband franchised the largest fast food chain stores in Korea. He owned two restaurants.

In 2004, Ron’s husband decided to invest a golf court in Haikou, China, with everything he owned but lost all within three years. She felt ashamed because the entire family depended on this. They had to rely on their parents financially. She was forty-six.

Ron said “I have to do something for the family, no matter how tough life
can be. Korean women would fight till death, and do anything in their power for their
family.”

April 2007, Ron joined Avon doing direct selling. It was her first job. She was very excited when she got her first salary, it was NT$75,000. She felt she’d finally achieved something valuable in her life.

Korean women, including her, believed ‘family always comes first.’ Women in her generation also believed being the perfect wife is a must. Even though, she’s now making more than 10 thousand NT dollars annually, she still wakes up early to make breakfast and does all the chores by herself. To these women, being a housewife is a career, a field of expertise. They are in charge of the money, kids’ education and even their kids’ marriage.

In 2006, Karen Wang who is now the GM of Avon Taiwan and Korea took over Avon Korea, which was already in debts for the past decade. Karen is good at encouraging and inspiring. She successfully turned things around; the sales expanded 124% and still increasing as of last year. Karen sees a great difference between Korean and Taiwanese women, she indicated that “Korean women are very tough, when I have a meeting with them, I can feel the competitiveness at all times. They have strong characteristics. They are born to be leaders.”

Karen encouraged them. She believed in them. She believed these women are born to be a “somebody.” She believed each one of them played an indispensable role.

Karen observed that most Korean women wear make-up. Taiwanese women on the other hand, not all, and some only apply lipstick only. Nowadays, appearances value a lot in Korea. And to girls, the best gift from a parent is longer a motorcycle or laptop, it is a plastic surgery. The desire of “BEAUTY.”
i’m trying to translate an article, it has a pic of a korean woman in white suit.
“We…” refers to Taiwanese.
how do i give more pts?

Justin answers:

This is much too long for 2 points.
I will help you with the first part.

“Ron-Lan Shen, a lady with perfect make-up, curly hair and a white outfit. ” is not a sentence. There is no verb.

James asks…

becoming an entrepreneur?

I have some really good idea’s involving different business’s. I want to start a T-shirt line benefiting pediatric cancer, I have some drawings and sketches of some T-shirts.

I also know of a perfect place where a Panera Bread would do very well. I have done my research on Panera Bread Franchise‘s. Some of the requirements are: Net worth of $7.5 million and Liquid assets of $3 million. I’m young, I don’t have that kind of money, and this would be my first restaurant.

Where do I go from here?
Who should I ask to invest in these idea’s?
How do I prepare to ask people worth millions to support the idea?

Justin answers:

Considering you have zero experience and you want to start a non-profit here are my suggestions.

Volunteer at a non-profit. United Way is one of the best run non-profit groups in the country. Get involved in fund raising activities with them. They have several corporate sponsors.

Contact SCORE and the small business administration for direction.

Also, because cancer is your cause look on meetup.com to see if there are existing cancer support groups in your area. Try to attend a meeting at a local hospital or meetup group. Talk to cancer survivors or parents who have children with cancer about what they would like to see happen from a local charitable organization.

You can also get in contact with the Ronald McDonald House to volunteer. They provide room and board for families with children in the hospital who need treatment far from home. They can give you excellent direction.

Michael asks…

Would You Eat at our Restaurant?

My new husband and I have been in the Food Service Industry now for a combined total of just over 20 years. We are thinking of starting a very small restaurant. These are difficult times, but we were thinking, What better time than now? We don’t want to wait forever, and we do have great food experience and business knowledge.
We don’t have a ton of money to invest and may have to even rent out or get rid of our current townhouse in order to take the leap and get a business loan. (If we can get one….)

Anyway,
We have been working with some food ideas and really want to focus
on wholesome meals, simple ingredients yet healthy and flavorful.
Like, a beautiful mixed greens salad served with a great piece of fish, or a nice piece of beef filet served over a black truffle mac & cheese. We love using seasonal & local farmers ingredients and hope that this will draw customers. We want to keep a very simple menu, could have 2 entrees that could change daily for dinner but the regular menu would be some set items available for both lunch and dinner.

My husband is an expert in making wonderful, flavorful soups, so, we may do something for lunches offering these.

So………. The question is?
Would you Eat at our Restaurant?

We currenlty reside in Rhode Island but would like to make our home in a town in Upstate, NY. Land and leases are a lot cheaper. However, our main competitors would be places like
Panera Bread (that people seem to love, and even though this town is low income, and panera seems expensive, they will spend the $, cuz its always packed) along with other regular franchises such as Outback, Uno & Applebee’s. With all these mass marketed, boil in a bag, cookie cutter chains, Would you Eat at our Restaurant?

Suggestions Welcome.
Thanks for your help! 🙂
Thank you all so far for your great comments and suggestions!
We will probably do a local informal market study to get a feel for the food and dishes that people love and would like to eat over and over again at our place. Thanks again!

Justin answers:

Well, I’m also from Upstate NY, and my boyfriend and I are also in the restaurant business (chef/waitress, not owners), so if you decide to open a place, or do, we would love to come. =]

We work at a small family owned restaurant also, and the soups and simple things seem to be selling more then anything lately. The filling homemade foods are much more popular these days then our fancier dishes.

Good luck and keep us posted!!

Powered by Yahoo! Answers