REMINDER: THE ARENA PLATFORM, INC. has no obligation to monitor the Forums. However, THE ARENA PLATFORM, INC. reserves the right to review any materials submitted to or posted on the Forums, and remove, delete, redact or otherwise modify such materials, in its sole discretion and for any reason whatsoever, at any time and from time to time, without notice or further obligation to you. THE ARENA PLATFORM, INC. has no obligation to display or post any materials provided by you. THE ARENA PLATFORM, INC. reserves the right to disclose, at any time and from time to time, any information or materials that we deem necessary or appropriate to satisfy any applicable law, regulation, contract obligation, legal or dispute process or government request. Click on the following hyperlinks to further read the applicable Privacy Policy and Terms of Use.
How much more will your Big Mac cost if we raise the minimum wage?
- Thread starter hal9000
- Start date
Another poster who doesn’t understand the difference between the corporation and the franchisee
Yes- the corporation does very well. However the corporation is not a restaurant chain. Their main business is real estate, licensing, and being the company store for the franchises. The individual franchise margins barely compete with an average SP year. The only corporate stores are a few high profile locations and special locations like airports, stadiums etc.
That’s why these policies are so dumb and meant to appease the culture warriors. They say “U BIG CORPORATION VERY RICH, MUST PAY MORE!!!” when in reality the majority of stores are independently owned.
Mostly agree. The bottom quarter will always struggle. The question is how do you catch those people and subsidize their ability to improve their skill set before they get older and more difficult to transition.
There are plenty of trades where you can work as an assistant and get paid to learn and eventually own your own business.
Cool you should get on spreading that word, because if Florida is approving $15/hr minimum wage and I was a no on that one, you have much bigger mountains to climb than convincing me. Namaste.Another poster who doesn’t understand the difference between the corporation and the franchisee
Yes- the corporation does very well. However the corporation is not a restaurant chain. Their main business is real estate, licensing, and being the company store for the franchises. The individual franchise margins barely compete with an average SP year. The only corporate stores are a few high profile locations and special locations like airports, stadiums etc.
That’s why these policies are so dumb and meant to appease the culture warriors. They say “U BIG CORPORATION VERY RICH, MUST PAY MORE!!!” when in reality the majority of stores are independently owned.
Mostly agree. The bottom quarter will always struggle. The question is how do you catch those people and subsidize their ability to improve their skill set before they get older and more difficult to transition.
There are plenty of trades where you can work as an assistant and get paid to learn and eventually own your own business.
McDonald's Franchise Costs $1.3M (+ Profits & AUV 2023) (sharpsheets.io)
"We estimate that a McDonalds franchised restaurants makes $186,000 in profits per year. This represents a 5.3% EBITDA margin."
EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortization.
"We estimate that a McDonalds franchised restaurants makes $186,000 in profits per year. This represents a 5.3% EBITDA margin."
EBITDA = Earnings Before Interest, Taxes, Depreciation, and Amortization.
EBITDA = Earnings Before I Tricked the Dumb Auditor
I can flip T-bills and pretty much make that much. That's with a few 30 second phone calls a year. I'm guessing that's significantly less hassle than owning a franchise.
Last edited:
exactly.
12 Things You Should Know About Private Jets
What do you know about private jets? This detailed guide lets you read about their costs, availability, and more. See if they might be right for you.
www.jacksonjetcenter.com
It probably beats being a "housing provider" in CA.
Something reasonable is going to be about a million bucks.
You can probably rent the place for maybe 3,500 a month. 12 X 3500 = 42,000 a year. Now subtract taxes, insurance, repairs/maintenance and you are left with "fvck this."
"Housing provider" should probably be changed to "I'm an idiot." At least in most of CA.
EDIT: I don't think the cost of buying a MD franchise includes the real estate that the building sits on. Probably doesn't include the building either.
Last edited:
Part of the partisan re-alignment we've seen in the Trump Age is disdain for redistributionist policies and minimum wage hikes and protectionism, and fondness for tax cuts has flown out the fukn window relative to 2012 Romney/Ryan.Not really sure what you are getting at here
IMHO a couple more cycles and both parties leading candidates will sound like Bernie circa 2016. YMMV.
Quality posts from you and GWS on how the franchisee is squeezed by corporate like a baby bird found by a snake.
I don't have a problem with them on the surface, I just don't think that they work. I don't see how raising the minimum wage does not result in increased prices when you are already operating on a 5-8% margin. When those minimum wage workers rely on other minimum wage businesses for their daily wares and services, then the cost of living goes up for them and it ends up being a wash.
Thanks
Which is kind of my point. I don't see why anyone would invest in a fast food chain at those margins unless they are using some leverage?.
What could possibly go wrong?
nypost.com
.
What could possibly go wrong?
California fast food workers stunned as restaurant closes without warning over $20 minimum wage: ‘Only the beginning’
Another California small business and its workers have seemingly suffered at the hands of the state’s newly enacted $20 minimum wage.
nypost.com
All they had to do is increase their skill set to include bread making. Duh..
What could possibly go wrong?
.California fast food workers stunned as restaurant closes without warning over $20 minimum wage: ‘Only the beginning’
Another California small business and its workers have seemingly suffered at the hands of the state’s newly enacted $20 minimum wage.
oh fuck right off with that. i and many like me/here came from humble beginnings - not poor by any means but I hammered a skill since the age of 16 and here I am still hammering that skill 30 something years later. didnt win anything. grit my man. my first job in my field was for 10 bucks an hour. i think like 3 or 4 dollars mnore than the minimum wage at the time.
i will add - these days it should. be easier for a person of any income level to learn something. all you need is youtube. i ha to sneak into places late at night to even get access to a system that could edit. they went for hundreds of thousands of dollars at the time. now you can do it on your phone.