4 little-known million-dollar franchises

Buying into one of the big boys isn't the only way to profit as a franchisee.

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VIDEO ON MSN MONEY

16Comments
Jun 2, 2014 5:24PM
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I just spent the last 5 years and was talked into using my 401K to buy into an over hyped printing franchise. They let me fail even after I asked for help. My regional rep was always to busy and when he did show up he only stayed for a couple of hours. I found out later he was required to stop in once a quarter but he was worthless. When I asked corporate for help they said they would send my regional. 
I got hung out to dry because I was not a large producing store and when I found a possible buyer they told me I could not sell because they did not vet him first. 
Now I'm rebounding after having to close my store and walk away from everything. 
If your looking into a franchise and you have experience in that field DONT BUY IN. Start your own and save the royalties. You will get Scr##&$@
May 29, 2014 7:07AM
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All franchises have a franchise circular or catalog of rules. Most franchises take a slice off the top in exchange for promoting the brand. For much of the past 7 years now, such promotion has usually been some sort of ridiculous come-on like-- fast food's dollar menu and extreme discounting. The franchise benefits because it draws people to the locations but those discounts are loss leaders... not profit makers. If you will invest in the stock or ownership of a location, be sure you require some analysis of the marketing and advertising relative to the profits, not sales. We will likely see more of these fail than prosper because they have no ability to re-invent enthusiasm or value.
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At the risk of sounding negative...which is really not intended,
Running one's own business can sound a dream come true for many and even a one-way-ticket to Easy Street, for a limited few.  But, there are also plenty of headaches, lost weekends, and macaroni-and-cheese-broke sleepless nights for many.

There's an old saying that am probably misquoting:
"95% on new businesses close because they shouldn't have opened in the first place."


Jun 2, 2014 7:38PM
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The only reason the DOW has been doing so well is because of quantitative easing.  The feds are pumping money into the market!!!!.  Lookout when they quit printing money. 
May 29, 2014 1:20PM
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I will franchise Google cars for Taxi services and school bus.  Upgrade your skill now if you drive for living.  Your job will be replace by robot too.
Jun 2, 2014 10:35PM
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Michelle Bryson and Heidi Duffy you girls rock agreat company. The rest of you are blood sucking, chicken killing slobs.
Jun 2, 2014 7:51PM
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You are all arguing on a liberal site with educated idiots. The left are locked in their ways of thinking and no matter amount of common sense put in front of them will change their minds.... I gave up on them long ago :)
May 29, 2014 1:39PM
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Like we said this morning, remain cautious through out the day...At 1315 hrs manipulators started doing their thing so don't be surprised if we found ourselves in negative territory anytime now, especially the Dow and S&P....Low volume and plenty of scumbags...Two and a half long hours to go still....Be careful...More later.
May 29, 2014 10:49AM
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Like we said yesterday after the close, be cautious this morning, do not be fooled because we were just up about 30-35 points; manipulators trying to continue what they started at 1530 hrs yesterday...Negative GDP for the 1st quarter, look at our shock faces....This economy led by the worst and most inept president in our history is once again showing its ugly side.....Like we always say, thanks Lord these markets are not a reflection of the economy, Dow would be at 7000 if we were lucky...Oh well, more later.
Jun 2, 2014 6:08PM
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Retired marine, Righties won't listen to another view? They HAVE to you moron! 99% of the press is so slanted it is SICKENING!! It is you lefties who attack if someone disagrees with YOU!! Get it right ****!!!!!  In the end YOU will be on the wrong side of history. Pre WWII Germany saw things just like you opening the door for a madman like hitler. NICE work!!!!!!!!!!
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