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Tobin S.

(10,418 posts)
Sun Feb 24, 2013, 04:49 PM Feb 2013

Anybody got a couple of million dollars they can loan me?

Have you ever eaten at Skyline Chili? It's one of those heart attack on a plate fast food type joints. They operate within 120 miles of the Cincinnati, Ohio area. I like to eat there and I wish they had one close by. I decided to look into what it would take to bring a store to my hometown.

http://www.skylinechili.com/franchise.php

Skyline Franchise Information

Minimum Requirements
Minimum requirements for a new Skyline franchisee are:

$200,000 to $400,000 liquid capital
$500,000 net worth, excluding personal residence
Ability to obtain financing for $500,000 to $1,200,000 project
Successful experience in a retail food service or sales/marketing environment


Fee structure:

Initial franchise fee: $20,000 for a 20 year license
Initial advertising requirement: up to $15,000 in first year
On-going royalties: 4% of gross sales; paid monthly
On-going advertising: 4% of gross sales; paid monthly

So for only a couple of million I'd be right in there. Do I have any investors here?

35 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Anybody got a couple of million dollars they can loan me? (Original Post) Tobin S. Feb 2013 OP
you are 5 years too late asking for help from me In_The_Wind Feb 2013 #1
Well, hell. Tobin S. Feb 2013 #2
another sigh In_The_Wind Feb 2013 #6
Those can be lucrative. But I think you're talking about a LOT more than "a lot". Gorp Feb 2013 #9
A full time OTR Escort does very well. In_The_Wind Feb 2013 #20
Okay. I admit that I've never had a hooker (escort) so I'm not up on the rates. Gorp Feb 2013 #21
Excuse Me. What the hell are you trying to say? In_The_Wind Feb 2013 #22
IMO, the underlying concept of that reply has to do with quantity, not quality. NYC_SKP Feb 2013 #26
And the fact that Gorp has no idea what he is talking about at all. In_The_Wind Feb 2013 #27
I have a date this June at the Four Seasons Maui that should cover me through the rest of the year. NYC_SKP Feb 2013 #28
I'm really impressed. Like I wasn't before. In_The_Wind Feb 2013 #29
Gorp... Sekhmets Daughter Feb 2013 #23
Learn to read before you post next time. So you won't make an ass out of yourself again. In_The_Wind Feb 2013 #25
Hey, Tobin, you can ORDER the stuff, elleng Feb 2013 #3
I guess I neglected to mention in the OP Tobin S. Feb 2013 #5
Food retail's a hard life, I understand, elleng Feb 2013 #8
Hey, Klinger got wings and sauce from Toledo delivered to Korea. Gorp Feb 2013 #10
10-4 Tobin S. Feb 2013 #11
I copy. Have to stop for a 10-100. Gorp Feb 2013 #12
GORP! In_The_Wind Feb 2013 #33
Or, just do it yourself Duer 157099 Feb 2013 #4
I don't know, man, they're pretty damn good :) Tobin S. Feb 2013 #7
When I lived in Tulsa, Ike's Chili was pretty popular Major Nikon Feb 2013 #34
"I wouldn't be buying the franchise just so I could have cheese coneys" -- Tobin S. MiddleFingerMom Feb 2013 #13
These people want 8% of your gross, Moondog Feb 2013 #14
Get in line DFW Feb 2013 #15
YES!!! Kali Feb 2013 #30
Well, Tucson isn't too far from Dallas...... DFW Feb 2013 #31
or being in fairly close proximity to Turkey itself! Kali Feb 2013 #32
Beieve it or not, in all these years, I've never been to Turkey DFW Feb 2013 #35
Sure. LWolf Feb 2013 #16
Heck, I have $100 trillion I could loan you Art_from_Ark Feb 2013 #17
lol Liberal_in_LA Feb 2013 #18
Maybe 1 million, but two? I don't even know you. nt Incitatus Feb 2013 #19
Take a check? Hassin Bin Sober Feb 2013 #24
 

Gorp

(716 posts)
21. Okay. I admit that I've never had a hooker (escort) so I'm not up on the rates.
Tue Feb 26, 2013, 10:35 PM
Feb 2013

But it still sounds like a HELL of a lot of fucking would be involved to even touch that amount of money. And that's not even factoring in the cost of rubbers.

 

NYC_SKP

(68,644 posts)
26. IMO, the underlying concept of that reply has to do with quantity, not quality.
Wed Feb 27, 2013, 12:51 AM
Feb 2013

You and I, of course, know better.

In_The_Wind

(72,300 posts)
27. And the fact that Gorp has no idea what he is talking about at all.
Wed Feb 27, 2013, 12:56 AM
Feb 2013

So. How was your day?
I've made so much money as an escort that I'm on vacation till spring.
Just kickin' back. enjoyin' the ride. [img][/img]

 

NYC_SKP

(68,644 posts)
28. I have a date this June at the Four Seasons Maui that should cover me through the rest of the year.
Wed Feb 27, 2013, 01:02 AM
Feb 2013

Last year my "client" threw in a skydive adventure on the North Shore of Oahu!

OBTW, that is my jump partner, not my "sponsor".



In_The_Wind

(72,300 posts)
29. I'm really impressed. Like I wasn't before.
Wed Feb 27, 2013, 01:06 AM
Feb 2013

Way back when I was 18, I gave some serious thought to parachuting.

Great photo. You have a very warm smile.

Sekhmets Daughter

(7,515 posts)
23. Gorp...
Tue Feb 26, 2013, 11:04 PM
Feb 2013

You are misunderstanding what I_T_W_ said...She is a licensed, permitted, insured Over The Road escort for oversized TRUCKS She makes the contacts with the police departments etc. You've seen them hundreds of times.

elleng

(131,077 posts)
3. Hey, Tobin, you can ORDER the stuff,
Sun Feb 24, 2013, 04:55 PM
Feb 2013

have it delivered thru the mail, NO NEED to build or run a restaurant!!!

We ordered it. Husb from Dayton, law school + later years in Cinti, and he liked the stuff. I didn't love it, but gave it to him for birthday.

Tobin S.

(10,418 posts)
5. I guess I neglected to mention in the OP
Sun Feb 24, 2013, 04:59 PM
Feb 2013

That I wouldn't be buying the franchise just so I could have cheese coneys, but that would be a big perk. I'd want to be making money, of course.

elleng

(131,077 posts)
8. Food retail's a hard life, I understand,
Sun Feb 24, 2013, 05:03 PM
Feb 2013

even tho this brand is fairly well-established. Not MY cup of tea!

 

Gorp

(716 posts)
10. Hey, Klinger got wings and sauce from Toledo delivered to Korea.
Sun Feb 24, 2013, 05:13 PM
Feb 2013

You never know. Besides, just because you open it doesn't mean the market is right for it. Part of any good business plan is an analysis of the competition both current and projected, along with studies of similar businesses that have failed. I mean, good grief, the local Hooters just shut down without warning and it always seemed like they were packed. I haven't heard a reason yet, but a lot of new competition has opened up in the immediate vicinity.

Tobin S.

(10,418 posts)
11. 10-4
Sun Feb 24, 2013, 05:16 PM
Feb 2013

Yeah, it requires a lot more work and foresight than just coming up with enough money to open a place.

Duer 157099

(17,742 posts)
4. Or, just do it yourself
Sun Feb 24, 2013, 04:57 PM
Feb 2013

Rent a storefront, get your favorite chili recipe, use quality ingredients and voila, that chain has competition that is probably much better.

Tobin S.

(10,418 posts)
7. I don't know, man, they're pretty damn good :)
Sun Feb 24, 2013, 05:00 PM
Feb 2013

It would be cheaper going your route, I don't know about successful, though.

Major Nikon

(36,827 posts)
34. When I lived in Tulsa, Ike's Chili was pretty popular
Wed Feb 27, 2013, 11:14 AM
Feb 2013

They do similar chili to the Skyline model.

http://www.ikeschilius.com/

I'm no restaurant owner, but I've seen determined owners beat the franchising model. The problem I see with the franchising option is that while it arguably gets your sales going initially better, you then become a slave to the franchise holder for the duration. My neighbor bought a couple of Quizno locations, but ultimately gave it up because he said the company was draining too much of his profits to make it worthwhile.

MiddleFingerMom

(25,163 posts)
13. "I wouldn't be buying the franchise just so I could have cheese coneys" -- Tobin S.
Sun Feb 24, 2013, 06:36 PM
Feb 2013

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DFW

(54,436 posts)
15. Get in line
Sun Feb 24, 2013, 07:20 PM
Feb 2013

The son of my immediate superior (who happens to be top dog in our outfit) has discovered the Turkish Döner Kebap. It is basically like Greek Gyro, only tastes better (if spiced right) and costs less. You can get a huge half giant Turkish pita full of grilled meat plus all the lettuce, onions, feta, tomatoes, shredded white cabbage, tzatziki and/or red hot sauce on it (you specify when ordering), and it usually costs around $4.50, tax included, in Germany. It is usually enough to feed two people. All fresh ingredients (can also use eggplant stew as a vegetarian alternative to the meat, too), and the meat is either lamb/veal filets or chicken/turkey filets. They are piled on top of each other, packed tightly, and the meat is shaved vertically with a sort of hedge trimmer as it grills on the slowly turning spit.

He wants to open a chain of them nationwide in the USA. He'd have to avoid areas where anti-Muslim sentiment is at fever pitch to avoid vandalism, but I think he's right--it would take off like wildfire. I think that in town with enlightened colleges and universities, he could make a fortune. All he would need is the Döner grill machines--the best are made right here in Germany, and even the Turks in Turkey import the German machines now--and about a thousand permits and a gazillion dollars start-up capital. I don't have it, but his dad does. His dad bought something like 50 shares of Berkshire Hathaway A right when it started up a few decades ago. They are now worth over $6 million minus whatever he'd have to pay in Capital Gains taxes. I doubt the kid's brother would be cool with gambling away his half of his inheritance, though, so he'll probably have to keep his dream just that until some venture capital mogul agrees with his idea.

DFW

(54,436 posts)
31. Well, Tucson isn't too far from Dallas......
Wed Feb 27, 2013, 10:32 AM
Feb 2013

One of the perks of living most of the year in Germany is that there is one of those Döner stands on just about every corner.

Kali

(55,019 posts)
32. or being in fairly close proximity to Turkey itself!
Wed Feb 27, 2013, 10:43 AM
Feb 2013

good eats there, never missed Mexican food the whole time I was there - for me that says a hella lot about the cuisine!

DFW

(54,436 posts)
35. Beieve it or not, in all these years, I've never been to Turkey
Wed Feb 27, 2013, 04:56 PM
Feb 2013

Just never found the time, and I don't want to run over there just for a 2 day guided tour through Istanbul.

I'll get around to it one of these years though. Ben Türkce çok iyi konuşyorum! (well, actually, no I don't but I know a few words, and that's a start!)

LWolf

(46,179 posts)
16. Sure.
Sun Feb 24, 2013, 07:23 PM
Feb 2013

Send me your information, and I'll have that Nigerian Prince who keeps trying to send me money send it to you instead.

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