QSR Franchise
I’ve worked for a small restaurant franchise group for 16 years and the last 10 as GM and have opened 3 new locations in that time. I make 100k including all of the benefits they cover and it’s 9-5 M-F. However I’m past the point of being tired of what I’m doing with no real end in sight as far as a regional roll since it’s only a handful of locations and I don’t see another coming for another few years at least. I also want to move closer to family I’m only here because it would be impossible to find a comparable job.
I found a newer franchise with less than 30 locations and 20 in development. It’s a healthier concept which I think more consumers are starting to shift to. I haven’t talked to them yet but they claim the initial investment is around 500k but the AIV is 1.6m with the worst location still doing over 1m and no location closures. The investment vs AUV seems really good compared to most franchises. It’s just hard to leave a stable job that I know will be extremely difficult to replace.
Anyone have experience with QSR franchise ownership? Would you do it again? I would have to get an SBA loan. I know that it’s going to be a job at least to begin with. I’ve done this for 16 years so I’m not new to restaurants and do this on a daily basis anyway. It would basically be a comparable job for me to start but obviously taking on the risk as well. I know this isn’t a passive investment to start. I just feel like I need to do something to have a chance to get ahead. I’ve been able to save money and invest but I’m starting to feel stuck with no upside at my job and the cost of living starting to catch up and eat into what I usually am able to save.