Thursday, March 20, 2008

Do your homework before sending any money

I'm sure you've been told this before, but investigate any offer that sounds too good to be true. In most cases the only person happy with that program is the one you just sent your hard-earned money to. There are lots of false claims and websites promising to make you rich overnight. If these guys are so rich, then why would they be concerned if you make any money or not.

As I've found it to be, most people don't do things for strangers related to business out of the goodness of their hearts. There is always an alterior motive behind it. In most cases the motive is for them to get rich promising to make you rich.

Sunday, March 2, 2008

Start up costs for major franchises

McDonalds
Investment
- Total Investment: $506K-1.63MM
Fees
- Initial Franchise Fee: $45K
- On-Going Royalty: 12.5%
- Advertising Fee: 4%

Valvoline Oil Change
Investment
- Minimum Net Worth: $600K
- Cash Investment $400K
- Avg Total Investment: $706K
Fees
- Initial Franchise Fee: $30K
- On-Going Royalty: 6%
- Advertising Fee: 2%

Quiznos Subs
Investment
- Minimum Net Worth: $125K
- Cash Investment: $70K
- Total Investment: $193-257K
Fees
- Initial Franchise Fee: $25K
- On-Going Royalty: 7%
- Advertising Fee: 4%

Ben & Jerry’s Ice Cream
Investment
- Minimum Net Worth: $200K
- Cash Investment: $86K+
- Total Investment: $123.5-286K
Fees
- Initial Franchise Fee: $30K
- On-Going Royalty: 1.5%
- Advertising Fee: 4%
Baskin Robbins – 31 Flavors
Investment
- Minimum Net Worth: $400K/Unit
- Cash Investment: $145.8-527.8K
- Total Investment: $145.7-527.8K
Fees
- Initial Franchise Fee: $40K
- Average Franchise Fee: $40K
- On-Going Royalty: 5-5.9%
Advertising Fee: 5%

Dairy Queen
Investment
- Minimum Net Worth: $200-500K
- Cash Investment: $200-300K
- Total Investment: $200-950K
Fees
- Initial Franchise Fee: $20-35K
- Average Franchise Fee: $28K
- On-Going Royalty: 4-6%
- Advertising Fee: 3-6%