Transcription
But most people, when they think of a franchise, they think of food businesses, right? Like, you think of what? McDonald's, KFC, Taco Bell. Yeah. I think most food franchises are a terrible idea and a terrible investment. I mean, I got my start owning food franchises, and, like, looking back now, I could have invested the same amount of money and built something that created much higher return.
Most people don't realize that you have hundreds of service businesses that cost probably 20% to 30% less to start up, and some of them generate the same amount of sales. So, I 100% agree that buying a food business is a terrible idea, because what people don't know about food is that the profit margins are very low, as