How to Buy a Franchise with Ralph Piselli
We have a great interview today with Ralph Piselli, a key figure in one of the most iconic franchise brands, Subway, that recently sold for 9.6 billion dollars.
Ralph was with Subway since the very early years and was instrumental in taking the brand to where it is today. Here is a video of Fred Deluca, the founder of Subway speaking to Ralphs contributions to the company. Today Ralph is going to discuss key things you need to know to research a franchise and avoid mistakes. Ralph has also agreed to come back soon and share some of the behind the scenes stories of Subway, be sure to subscribe for notifications.
If you need help finding a franchise give Franchise City a call www.franchise.city/our-services
@FranchiseCityOnline
Пікірлер: 12
People often ask me for advice on buying a franchise... From now on I will just send them a link to this video! Great interview Robert! Anyone thinking of buying a franchise should take this one to heart!
@FranchiseCityOnline
Ай бұрын
Thanks Paul!
Very interesting information. These are information that you have always covered in your videos. I totally agree to look at the FDD and call people who still exist in the business and more importantly to call the people who closed or sold the business because those the one who will give you the true story. I think subway over saturated the market. Thank you for sharing
@FranchiseCityOnline
Ай бұрын
Thanks Hassan! Ralph is coming back to discuss Subway so Ill ask about that 🙂
This was a great video. It would be nice to see a video on "How to tell if you can afford a franchise". I get confused with how I could finance, what options are available as a veteran, minority, etc... for financing. Understanding how much cash I would need vs. how much I could finance. For example, could I take out a loan for all of the startup costs? What types of rates are on these kind of loans? How much liquidity do I need? I just dont get any of that and I get confused.
@FranchiseCityOnline
Ай бұрын
Thanks! In most cases financing 100% is not advisable. Typically 30% down is the standard although there are exceptions if you have a THRIFT available. There are programs for veterans/minorities but there is no exact approach for every situation. Typically we take between 20-30 hours with clients to identify their risk tolerance, skills, local market demand, finances, etc. only when we know that can we make good recommendations. One size does not fit all! Give a call anytime if you want to take a look at what is available www.franchise.city/our-services
Thank you
@FranchiseCityOnline
Ай бұрын
Thanks for watching!
@samphelps856
Ай бұрын
I'm such a fan of your channel, and this is so good! Just finished the whole thing, better than I expected which is saying a lot.
👏🏽
@FranchiseCityOnline
Ай бұрын
Thx for watching!
Subway sucks! Sold low paying “JOBS” franchises. Many closed including the original in Hoboken lol