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Im curious if anyone here owns or knows someone who owns a business franchise such as a kosher Dunkin Doughnuts?
From what I am told, franchises do not require college, have a high success rate and require moderate capital without getting a huge loan (obviously a Dunkin would require more capital).
I personally would prefer a traditional business over a franchise but am curious if anyone else has taken this route.
The problem with food businesses is Shabboses and Peseach. I think most kosher Donuts are not owned by jews. so these are not problems for them.
In general the most successful franchises are food businesses and they are not usually kosher so that is not really an option. There was Kosher Subway for a while, but they all failed.
There was also a Kosher Nathans Hot dogs for a while in brooklyn and that failed too
Kosher franchises don’t work because kosher restaurants are few enough that they can each have their own name recognition.
When you travel, it’s easy enough to ask a local what’s good.
In NY there are so many kosher restaurants that not every local has eaten at every place
Just an BTW the place with the most Kosher restaurants is not NYC , Miami or Jerusalem, Its Paris
I heard Subway didn’t work because the food wasn’t good.
Excellent point popa. Though many of the top franchises are not food related as I said.
Yes, but the kosher ones are.
Franchises are good for the training and support. Check with other franchise owners about their experiences with the franchisor.
Food ones don’t always make enough money, especially for the first generation owner, since they often require a whole lot of money between franchise fees, building out the facility and working capital. In many cases, it’s more cost effective to buy one that is already in business. The kosher market is generally not worth it.
Depending on your interests and aptitude, a service franchise may be a better option, since they are lower in operation and startup costs.
“the place with the most Kosher restaurants is not NYC , Miami or Jerusalem, Its Paris “
This is correct. And I was unable to find a kosher restaurant in Paris with bad food!
“The problem with food businesses is Shabboses and Peseach. I think most kosher Donuts are not owned by jews. so these are not problems for them.”
I am unaware of any Dunkin Donuts, kosher or otherwise, that is not open every day of the year. There are halachic workarounds for this involving a non-Jewish partner — consult a good rav with yadin yadin to work that out.
Some online sleuthing indicates there’s about 150 kosher restaurants in Paris. Williamsburg, Crown Heights, Boro Park, Kensington, Flatbush, Midwood, and Marine Park cumulatively alone have more than that number.
DY, the major issue that 5 Town’s ran into was they quickly lost the non-kosher customers. Also because of higher costs related to kashrus and losing one days business, they didn’t honor coupons or promotions advertised in print or on TV.
The novelty wore off
Of course they wouldn’t get too many non-kosher customers with the price of kosher supplies being much higher than non-kosher.
If the food was good, they would have had enough kosher customers to stay open, novelty or not.
I heard there was once a proposal for a Kosher McDonalds in Brookyn.
I am not sure why the proposal failed
There is a kosher Mcdonalds in Buenos Aires, Argentina so they do exist outside of Israel
I once went to the kosher subway in queens with a friend. I didn’t order anything so I don’t know if the food was good, but my friend ordered some kind of deli sandwich. They took out a ziploc bag containing one portion of deli and put it on the sandwich. It was very unappetizing for me. I’m not surprised they closed down pretty quickly
I’m not sure why one would expect a kosher version of a treif restaurant to be any better than a regular kosher restaurant. If the food is good at good prices, it should succeed either way, and if not, not.
The novelty of a kosher Taco Bell might get people in the door, but they’ll only come back if it’s good on its own merits.
Don’t franchise’s have to sell at company-set standard prices, same whether kosher or non-kosher?
Company set menus
Different branches of McDonald’s or Subway or Nathan’s can each set their own different set of prices for the same menu items?
I believe each franchise can set their own prices. Manhattan costs are higher than else where and I think those franchoses allow for higher prices there
Joseph, ZD, if kosher restaurants would have to sell at the same prices as treif restaurants, I don’t think they could turn a profit.
29, Carlos & Gabby’s (east coast kosher Mexican chain) could copy Taco Bell’s menu if they wanted (I have no idea if they do).
Before you decide to invest in a franchise work in that industry for 6 months. I don’t recommend going into the food industry as the rate of failure is high. If after 6 months you think you know the business well enough you can weigh the pro and con of buying a franchise as opposed to opening your own shop. Examples of businesses that need little capital are car leasing, bookkeeping & taxes service, insurance and hair salons to name a few.
Tax services actually do need capital
you need to hire workers
You cant really charge more than $100 to do someones taxes and it taxes a few hours of preparation with a client and an hour or 2 to do the taxes on the computer.
You also have to compete with people like myself who do it for free (I had to pay $50 for the software)
And then you have to make all your money for the year in 2-3 months or so and work nonstop during that time
newbee your condescending comments and attitude are really annoying. You make all these unrealistic baseless statements about what goes on in college, and law school leading to a job you won’t like and how useless degrees are, and then talk of buying a business or franchise as if all it takes is a ton of money and no education is needed. Someone is talking to you from real live experience, there is no need to be rude.
People who get into business have to know about the pitfalls.
I see too much especially in the frum community people say “get into business” without saying the pitfalls. Even a good business plan is not always good enough
If you want to get into an almost sure fire business that works, get into Real Estate, that is where the real money is. You can make a killing there. real Estate is almost the sure fire path to wealth
SY
the original post was by someone who wanted to make alot of money withouth actually having to work for it. There seems to be this idea in some communities that if you have enough Bittachon and Emunah , hashem will provide even if you do almost nothing to make it happen. If you learn instead of making sales calls, that business will come though because you spent your time learning
I am not against people going into business, As long as they know the risks and pitfalls of doing it and can get the money to invest in it
zd- you are correct that people need to know the whole story and it does sound like the OP may not have done a lot of research on running, owning, buying or working in a business. The extra stuff you said though, about bitachon and learning is part of many discussions, but not this one. I heard more of an impulsive, unresearched attitude, nothing about Hashem majically providing (which he does, but that’s a different discussion)
without trying to boast here, but I am sort of an expert with e-commerce (which is one of the reasons I am opposed to filters, It would basically shut down my parnassah)
I know alot of people who sell online and some frum jews want to get into this space as well. I know every pitfall that has occured with e-commerce businesses, from suppliers cutting you off, to Amazon or eBay shutting you down , warehouses having fires or getting flooded) you name it, i have heard it. Click Fraud with Google Pay per click, Other sellers being margin killers and selling stuff for below cost (this occurs alot)
Everyone thinks they can get stuff and sell online and make alot of money, it just isnt so
when someone tells you something and your response is – ‘oh yeah? you too!’ that kind of speaks for itself.
here are some of the things I imagined you said:
its much better to teach yourself online or go to a code learning bootcamp which is much shorter than college.
Yet another reason not to go to traditional college for those things.
And if you do go to college to become a lawyer without having extremely wealthy and generous parents you have a 100% chance of using up 7 years of your life……..and a good chance you wont get a good job or wont like your job.
Like I said, I do ecommerce and people in my real life know I am the expert so many frum people in my life come up to me to discuss it, they want advice and want to know how to make easy money doing it so they can learn most of the time and work maybe 1 hour a day.
There are times ive spent 3-4 hours just packing stuff a day
There is no need for you to be rude to me and showing some more respect wouldn’t hurt.
Hey buddy, you get what you give. If I see people being respectful, I try to say something, if I see people being condescending, biting, hurtful, or mocking I say something. If you would like respect on this forum I would be happy to give it when I see it is warranted.
And like you said (but deleted as you realized how immature it sounded) Back at ya!
and 100k in real estate is pretty common as a salary working under the people who did the investing. No capital needed, just has to be a field of interest.
you and gavra, are you serious?
I tricked you by only showing the part of the sentence that supported the statement? What college classes did you say you attended?
Follow this please:
I claimed you said lawyers get jobs they don’t like.
you said you didn’t say that
I cut and pasted the statement – LEAVING OUT THE NON RELEVANT PARTS SO THEY WOULDN”T BE DISTRACTING!!!!!
the debt had ZERO to do with the conversation/exchange.
anything else before i leave work for the day? my kids are waiting for someone to make them supper.
Excellent point popa. Though many of the top franchises are not food related as I said.
Yes, but the kosher ones are.
So are you in favor of or against a franchise which sell sukkahs and s’chach?
what does not liking the way someone speaks to others have anything to do with liking someone?
ZD: If you are going into the tax business, you can charge $125 or more for both Federal and state returns. Also if you want to make money you have to do all the work, although you can have a simple answering service to arrange appointments. The software you have may allow you to do up to 5 simple returns and may not include state and local returns. Or even if it includes the state return it’s limited to one state People using the service either have complex returns or they are scared to do it themselves. Professional software cost between $500 – $2,000 but includes any type of situation and unlimited tax returns for all states.
Daas Yochid : I am not a fan of franchises. If you know the business than you really don’t need the franchise’s helping hand. You can save thousands of dollars a year in franchise fees beside your initial start up cost. This is why I think you should work in the business for at least 6 months to understand the business and know what you are getting into. The vast majority of new businesses fail within the first three years because they thought they could get rich quick without hard work and long hours.
Many people think doing their taxes is more difficult than it really is.
Unless you own your own business, have alot of capital gains, its actually quite easy especially if you use the standard deduction and if you use the software. You just plug in the numbers right off your w-2 and you are finished as it does all the work.
Another franchise I saw on the popular list was a painting franchise. In both the taxes and the painting franchise you are competing against people who do it themselves or think they can do it themselves
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