VIDEO ON MSN MONEY
No surprise Chick Fil A is at the top of he list in "per unit sales"...they have capitalized on the simplest formula in business--
1. Have a product people like... AND ...
2. Provide great customer service everytime!
Its not "rocket science", but 95% of the businesses out there have no idea how to execute this simple formula.
Clearly, Kencharlotte, you never worked for Chick-fil-A. As an Owner/Operator of two locations I can tell you that you NEVER "buy in". Chick-fil-A always owns the building, however, each Operator owns his own store under his own Tax I.D. number. We receive no benefits from the Corporate and have no taxes taken out of our check by corporate. I did not work my way up, I bought my franchise after being a Personel Director for a Textile Plant. The Operator selection process is very rigorous and it is very hard (not impossible) to work your way up. The criteria is very strict and the competition for the stores that are built is very tough. Having said that, I love what I do and I love serving our customers, our community and my team members. I wouldn't do Quick Service any other way.
Bringing in more revenue is not "operating more efficiently". Operating more efficiently is getting a higher margin on the revenue. Of course, these articles NEVER tell you what the profit is, only revenue. It wouldn't be as much fun to tell the truth. If you told the truth about operating margins in a restaurant you couldn't listen to all the people complain about how much restaurants make.
Four local Paneras are all owned by the same person who makes his money off minimum wage workers and off-the-clock labor. The wait, bake, and prep staff make $8/hour, shift management $10/hour. No one gets more than 30 hours a week so Paneras doen't have to provide any benefits (like healthcare). The shift manager who closes down and locks up at night is also required to make the nightly bank deposit after punching out, all for $15,000/year. Turnover is sky high with recruiting year round. What a great business model!
steak and shake is headquarted in Houston texas... not san Antonio. I can assume all the other 'facts' in this story are as true as this one?
Bring back the original content msn. This borrowed stuff is junk
Yoy have to remember that the income is average per store. Some of the brands have very few stores. Overall the #1 sellers are McDonald's, Wendy's and Burger King are 2nd and 3rd and very close to each other.
I had a friend who got a McDonald's franchise, years ago, mortgageed his house and everything else. He and his wife worked there for some time at the start, I mean taking orders and stuff. They sold about 2 years later to another local franchiser and now live high on the hog some where.
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[BRIEFING.COM] The major averages finished the session on a lower note as the S&P 500 lost 0.4% while the Nasdaq shed 0.1%. The Russell 2000, which paced the retreat on Tuesday and Wednesday, added 0.2%, trimming its December loss to 3.5%.
After spending the first half of the session in a steady retreat, the S&P 500 found technical support in the 1772 area. Upon reaching that level, the index reversed sharply, and marched back to its flat line. There was no particular catalyst ... More
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