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re: OT: Favorite Burrito Chain
Posted on 4/25/15 at 3:35 pm to Jefferson Dawg
Posted on 4/25/15 at 3:35 pm to Jefferson Dawg
Jefferson, do you have any free cash? I figure we need about $80k to get it off the ground. I got $10k on it, plus I can finance another $5k.
I figure we can make our money back within 18 months, then make about $60k profit for the next 6 months it takes to sell the business for $200k.
$200k sale with $60k profit after paying ourselves back the $85k, all within two years, would be a pretty sweet deal.
Or we keep it, since we spent all the time building the brand, and spread, using the profits from each store to finance the next one, and grow exponentially until we've completely saturated the whole market. On a 5 year plan, we could probably have 25 locations then put them in a holding company with a general manager and just get our $15,000/m dividend check while we sip cold coors light at the landing, bitching about how the democrats are trying to ruin our lives, and maybe just do fun things like tend a garden and make UGA yard art.
I figure we can make our money back within 18 months, then make about $60k profit for the next 6 months it takes to sell the business for $200k.
$200k sale with $60k profit after paying ourselves back the $85k, all within two years, would be a pretty sweet deal.
Or we keep it, since we spent all the time building the brand, and spread, using the profits from each store to finance the next one, and grow exponentially until we've completely saturated the whole market. On a 5 year plan, we could probably have 25 locations then put them in a holding company with a general manager and just get our $15,000/m dividend check while we sip cold coors light at the landing, bitching about how the democrats are trying to ruin our lives, and maybe just do fun things like tend a garden and make UGA yard art.
This post was edited on 4/25/15 at 3:41 pm
2
Posted on 4/25/15 at 8:53 pm to deeprig9
I’m in. Where are we at on Location?
Stipulations:
-I would like a 51% controlling interest.
-No phish bootlegs get played unless you can provide scientific evidence that it translates into dollar bills in my pockets.
Litigator, Draft a contract. Also, research whether Moe’s has to pay Jerry Seinfeld for naming their burritos after fictional characters from his show. Thanks in advance…….We just put 10 free Munsons on your Georgia-Ritto’s gold Queso-Card….
Stipulations:
-I would like a 51% controlling interest.
-No phish bootlegs get played unless you can provide scientific evidence that it translates into dollar bills in my pockets.
Litigator, Draft a contract. Also, research whether Moe’s has to pay Jerry Seinfeld for naming their burritos after fictional characters from his show. Thanks in advance…….We just put 10 free Munsons on your Georgia-Ritto’s gold Queso-Card….
Posted on 4/26/15 at 8:27 am to deeprig9
You're thinking small. Don't sell the business....franchise it out and as part of the franchise you can sell all of the brand interior decorations, sauces, ingredients, etc. to your franchisees and charge them for the benefit of your nationally negotiated vendor contracts. Also, they can buy your canned advertising and TV spots to run on the local cable network.
You now have the profits from your owned restaurants but also the recurring revenue for the franchisee's who are hungry out working their arse off for your benefit.
...and if any of them ever spin off into their own "similar" business you sue them into oblivion.
You now have the profits from your owned restaurants but also the recurring revenue for the franchisee's who are hungry out working their arse off for your benefit.
...and if any of them ever spin off into their own "similar" business you sue them into oblivion.
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