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New business opportunity.

andyandy
edited July 2006 in General chat
http://www.franchising.quickcrepes.com/

it is 'a recipe for your success'
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  • andyandy
    edited 8:45PM
    some facts from the brochure

    74% gross margin

    bakery take away is growing at 3.2% per year

    average per capita spend on takeaway food is £126

    A fixed kiosk cost £65,000
    A mobile kiosk costs £42,000

    Franchise fee is £13,000 (included in figures above)

    A crepe costs £2.50

    Say you sell 40 crepes a day, except on saturday and friday, when you sell 60.

    That's 320 crepes a week.
    Crepes account for 60% of your turnover.

    Your takings are £1300 per week.

    74% gross margin leaves you with £986 after cost of crepes.
    From this you have to pay rent, franchise fees and salaries.

    One person all in will cost 450 per week (salary, insurance etc)

    You're probably left with £100 odd quid a week.

    Let's buy one.
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  • DavidDavid
    edited July 2006
    And compromise my Well Terrace Car Wash Nutella Waffle Stand Loyalty Card? You must be mad.
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  • fordsterfordster
    edited 8:45PM
    yeah, but your pre-tax and interest return on capital, assuming a fixed kiosk and net of 100 quid a week, is only 8%. Post-interest and tax is closer to 5%. Divi yield on the FTSE is close to 4% + is no work!!
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  • DavidDavid
    edited August 2006
    And _doesn't_ compromise my Wells Terrace Car Wash Nutella Waffle Stand Loyalty Card.
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  • andyandy
    edited 8:45PM
    Whichever way you cut it, the return on capital sucks.

    But there aren't many high yield, low capital opportunities out there.

    Even loan-sharking isn't the moneymaker it was.

    There's basically drug-dealing and even the returns there are based around an inordinately high alpha.
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  • DavidDavid
    edited August 2006
    How about a Whelk & Cockell franchise. Do they even exist? Imagine wheeling one out inbetween the Dairy and Larrick at closing time, maybe even add dodgy hotdogs/burgers and turn it into a Surf n' Turf type waffle cart. Its so bad it'd probably work.
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  • DavidDavid
    edited 8:45PM
    <http://www.snappysnaps.co.uk/starting_a_franchise.html>; Is there no business out there that doesn't franchise?
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  • petrapetra
    edited August 2006
    How about this? <http://tinyurl.com/n8jnk>; Stroud Green Ice Cream Store...?
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  • LucyLucy
    edited 8:45PM
    what with global warming this is probably viable!
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  • andyandy
    edited 8:45PM
    but you'd be competing with the new pappagone gelateria
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