People that own/run a franchise, what's it like? (lemmy.dbzer0.com)

submitted 7 months ago by HottieAutie@lemmy.dbzer0.com to c/asklemmy@lemmy.world

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Just out of curiosity, I'm interested in understanding the experience of running a franchise as an "owner" of the location. I have no intention or desire to run one myself, yet I find it interesting. From the outside, it seems like a weird relationship in which you are the owner and not at the same time. You own the location, but mostly everything major is decided and dictated by the franchise company. So, what's it like?

How do you view your relationship with the franchise and your employees?
What do you label and describe your position as?
What are your responsibilities?
What is it like to manage your employees?
What are the benefits of running it?
What are the downsides?
Is it a lucrative investment?
Was it hard to get into and start up? Were there any major barriers initially?
It is easy once you get used to it, or is it a lot of work?
If you suddenly didn't have the franchise, would you try to start it again?
Anything else I might not have thought to ask?

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[-] SzethFriendOfNimi@lemmy.world 11 points 7 months ago

I think most are run by franchise groups that own a lot of franchises.

Most likely they also own the land or can negotiate better terms because of their size. Same for negotiating with vendors and the various corporate entities as well.

E.g. it seems like it isn’t something you want to do as an individual but as a corporation that owns several. Aka you need money to even have a chance to do it in a way that makes sense.

[-] slazer2au@lemmy.world 4 points 7 months ago

The biggest one I know is Collins Foods Australia. It runs a significant chunk of KFC in Australia, Germany, and the Netherlands along with Taco Bell in Australia https://www.collinsfoods.com/about-us/

this post was submitted on 11 Apr 2024

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