Chapter 4Select a Type of Ownership
In Chapter 4 you explored the various types of business ownership including buying an existing business, starting your own business or purchasing a franchise. This is a very important decision you will make. To learn more about franchises, go to the Chick-fil-A website and answer the following questions:
www.chick-fil-a.com
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant?
2. Describe the financial agreement between Chick-fil-A and its operators.
3. What kind of support does Chick-fil-A, Inc. offer its operators
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11 comments:
1. you need an initial 5,000 $ to start the business
2.The operators must not be involved in any other buisness and must operate on a full time basis.
3. A full time training program with development courses and corporate support available.
-Elizabeth Devolve
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant? You only need to commit $5,000 for a Chick-fil-A franchise.
2. Describe the financial agreement between Chick-fil-A and its operators.
However, the parent company takes a greater percentage of your recurring business over time – 15% of gross sales and 50% of net profits each month. In addition, Chick-fil-A builds the restaurant on property they select and subleases the property back to you.
3. What kind of support does Chick-fil-A, Inc. offer its operators?
As a Chick-fil-A franchise operator, you’ll get complete training and development courses to address different business challenges you’ll face. And if you exceed expectations, the parent company offers recognition and incentive programs that run the gamut from gift certificates to automobiles.
Josh Spilewski
1. you need an financial commitment of $5,000.00.
2. The operator has to be free of any other active business ventures & operate restaurant full-time.
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant?
$5,000.
2. Describe the financial agreement between Chick-fil-A and its operators.
The financial agreement is the parent company takes a greater percentage of your recurring business over time – 15% of gross sales and 50% of net profits each month. In addition, Chick-fil-A builds the restaurant on property they select and subleases the property back to you. The parent company requires several years of prior experience managing businesses from the ground up and showing a history of success.
3. What kind of support does Chick-fil-A, Inc. offer its operators?
Chick-fil-A is known for their charitable contributions such as scholarship programs and sponsoring charity basketball tournaments. You need to keep your eyes open for similar, localized opportunities that shed a positive light on your Chick-fil-A franchise when you become an operator.
- Alaryce Ward
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant? Initial $5,000 for a license is required.
2. Describe the financial agreement between Chick-fil-A and its operators.
It must be a full time commitment. The operator cannot have another job
3. What kind of support does Chick-fil-A, Inc. offer its operators?
Operators manage the restaurant on their own
Nina Estremera
Kayla Byrnes
Entrepreneurship F
11/14/17
Chick-Fil-A Questions
1.It will cost the potential owner an initial start up fee of $5,000.
2.Owners must successfully complete a multi week training program with initial courses and trainings.
3.Chick-Fil-A offers its operators to be flexible, especially through college.
Brittnee Stoilov
1. There is a lot of financial investment that goes into starting a chick-filA restaurant. They must have money to make the restaraunt and to have workers there and to pay for electricity and other bills.
2. The financial agreement between chick-FilA and its operators is a rigorous competitive opportunity and the workers must be trained and harworking.They select the best candidates for each franchise.They have to answer questions and go through training to be able to work there or be an operator.
3. It gives them the support in accounting, marketing, information technology and training.They also offer resources, guidance and encouragment.
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant?
$5000 commitment but they take 15% of your profits.
2. Describe the financial agreement between Chick-fil-A and its operators.
You must be dedicated to developing a strong team, a strong HR presence that brings in only the most qualified and dedicated staff, maintain a visible presence in the community.
3. What kind of support does Chick-fil-A, Inc. offer its operators
Chick-fil-A is known for their charitable contributions such as scholarship programs and sponsoring charity basketball tournaments. You need to keep your eyes open for similar, localized opportunities that shed a positive light on your Chick-fil-A franchise.
Adam Hart
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant?
$5000 but they take 15% of your profit.
2. Describe the financial agreement between Chick-fil-A and its operators.
You must be dedicated to developing a strong team, and qaulified workers.
3. What kind of support does Chick-fil-A, Inc. offer its operators?
The gave donations to the community and scholarships.
-Jaclyn Boudreau
Kasey Bramwell
1. your initial financial commitment is $5,000
2. Chick-fil-A operators must complete an extensive multi-week training program prior to commencing of a franchised Chick-fil-A Restaurant business
3. flexible scheduels especially through college
Stephanie Bryant
11/15/07
(F)
Chick-fil-A questions
1. How much financial investment is required from someone wishing to start a Chick-fil-A restaurant?
$5,000
2. Describe the financial agreement between Chick-fil-A and its operators.
They must be free of any other active business ventures and operate the Restaurant on a full-time, hands-on basis. They must successfully complete an extensive, multi-week training program prior to starting at a franchised Chick-fil-A Restaurant business.
3. What kind of support does Chick-fil-A, Inc. offer its operators?
Additional development courses and corporate support.
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