Reading between the lines
I don’t want to link directly to the store since I don’t want to interfere with the sale (and if by chance you do find it please don’t post the link - just smile inwardly at a job well done), but I found some of the comments in the “sales pitch” quite interesting:
For example:
Franchisor No Longer Sells Territories, Only Locations. This Business Includes A Wide Territory That Is Protected By An Exclusivity Agreement.
How should one interpret that? Does that mean they are just churning their current locations?
Business Is Doing Well Even In The Face Of An Economic Downturn. There Is Pressure Across The Industry In The Form Of Rising Food And Labor Costs That Hurts Grocers And Restaurants Much More Than Other Wholesale Food Buyers.
Labor Costs Are Stinging Both Restaurants And Grocers, But NOT This Business. In Fact, Labor Is One Of The Lowest Costs Of The Business Due To Its Business Model. Company Posted Nearly $700K In Sales On $40K In Labor Costs!
I’m not really sure how this would be possible. I would say the owner is doing all the work, or friends or family, but the listing claims it’s an absentee owner and has a staff of several employees.
But the one comment I find especially intriguing is this:
Corporate CEO also announced a 90-day plan to increase franchisee bottom lines by 6%! This will grow an already high-profit business to very nice net margins - over 30%!
A 90-day turnaround plan? The mind reels at the possibilities…
Loading ...
August 7th, 2008 at 6:30 pm
Patting myself on the back……
HAHAHAHAHA!
That is absolutely laughable. What a complete joke. So I guess “WW” announced the big partnership? Guess we missed that.
As someone in the same exact boat a year ago, I totally sympathize but the listing for my store(s) was never that blatantly misleading. Regardless of the consequences, seeing the downturn a year later, I’m completely relieved we didn’t end up selling. No way I’d want that on my conscience!