Comments on Saving to Inve$t: Top ten myths about buying a franchise - Part 2

You are providing a valuable service by publishing...

2009-10-17T21:02:28.376-04:00

You are providing a valuable service by publishing these myths online. I only wish we realized many of them sooner. We've owned a 7 Eleven franchise for about 8 years. People should know, at least in our experience, the 30-70K income is gross before taxes, Medicaid and SS, with SS accounting for 14% since you are self-employed. And no matter how attractice they make it seem going in, initial franchise contracts don't stand up. Every year 7 Eleven has tacked on additional costs, one year it's 1 1/2% gross sales for advertising, the next year it's $1,300/month credit card transaction fees. It never ends and you can't increase prices fast enough to keep up, so you end up making less and less each year. If you want to work 100 hours/week and have family members who'll work for free, you can make money, but don't think that as a traditional "manager" your going to net more than $50,000, chances are it will be less. It most cases you'll do better working at a corporate store employed as a manager, making the same or more with benefits and a lot less headaches.

Thanks for your comment on Invest Tool.Yes, we can...

2008-05-14T01:07:00.000-04:00

Thanks for your comment on Invest Tool.

Yes, we can use Internet to invest.

I agree with you, so we need to investigate before...

2008-05-13T23:59:00.000-04:00

I agree with you, so we need to investigate before investing in franchises.

Thanks Krystal, already getting traffic from your ...

2008-05-13T23:09:00.000-04:00

Thanks Krystal, already getting traffic from your great site. You are on my blogroll now as well. Look forward to reading your articles.

Hi! You wrote me an e-mail a while ago wanting to ...

2008-05-13T16:17:00.000-04:00

Hi! You wrote me an e-mail a while ago wanting to exchange links. Sorry I haven't gotten back to you - I haven't done a Blogroll update in ages. Anyway, I've added you to my list, and I look forward to reading your blog in the future. :)