Looking for relevant franchise data not just sales hype? Franchise City KZread provides insider information most franchise sellers don't want you to hear.
Need help finding a franchise? Access Franchise City research tools and work with a dedicated franchise coach to help make educated decisions. Just like working with a real estate broker our services are free. Need help with financing or legal? Veteran or minority buyer incentives? We can help.
Hosted by Robert Edwards, Author of "The Dark Side of Franchising" entrepreneur, franchising expert and founder of Franchise City.
Franchise City is a Better way to Buy a Franchise™ @franchisecityonline
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Thank you!!!
Thanks for watching!
Here’s an idea for you: Just feature new franchises coming into the market and also do a Top 5 or 10 franchises you would recommend in each industry based on your subscribers’ interests. Guaranteed no Cease and Desist letters as those bad companies won’t even be mentioned in your channel. It’ll be a Win-Win!
Thanks for the comment! I wish it were that easy 🙂 There are unique variables in every buyer situation that can make or break a business. Local demographics, operator abilities, local competition, staffing, exit strategy, budget, etc. We typically conduct 20-30 hours of research before we make a recommendation to a buyer. The same franchise could be great in one situation and terrible in another. Nobody should have to be their own Doctor, Lawyer or Franchise expert. Buyers can just call us all our services are provided at no charge (like a Realtor) www.franchise.city/our-services
💔💔💔
I'm the former President of Auntie Anne's. I think you need to look a bit deeper at these brands before you come to your simple conclusions. Yes, Auntie Anne's closed stores last year. Largely because their early-stage growth focused on enclosed malls which were performing well at the time. If you haven't noticed, malls are struggling, particularly during Covid. That's not due to flaws in the Auntie Anne's business model. If you look at the sales to investment ratio, Auntie Anne's is excellent. Shaq did own some Auntie Anne's locations, which was a mistake by the company. He closed them and claimed that "Black people don't like pretzels." An insane comment. Finally, had you bothered to look at Auntie Anne's Item 19 disclosure, their total cost of goods including paper is less than 20%. If you can name another QSR or snack food brand with that gross margin, let me know.
I can name another (actually several) better QSR or food brands. Just letting you know. Also just a heads up - always check the dates on videos. Then it would be obvious we weren't covering Auntie Anne's closures from "last year" as this video was uploaded in 2020, long before Shaq announced that he dumped his stores. Blaming closures on "the malls" is the zero accountability attitude we have come to expect from franchisors. Whose idea was it to put stores in malls? If your business model focuses on going into failing malls then yes, that's on you. I actually did bother to look at the FDD. As of the making of this video the 2019 version, Issuance date March 28 amended on June 6th was the most recent one available. Yes, the Cost of Goods back then was actually lower than 20%, so congratulations on pumping those rookie numbers up today, but median systemwide net operating income (the number people actually care about) was only 17.7%, or $85,814 for mall stores. And net store closures had already started in 2018 according to the item 20. Did I miss Covid-18? There were 63 stores listed as terminated or not renewed just in that year alone. 63!
Excellent interview and very informative.
Thanks Ralph!
One of the most valuable channels on youtube
Thanks for the support!
I don’t see the link in the description. I am in a public speaking class and this video is very encouraging.
Thanks for visiting! Terry's book can be found on Amazon here: rb.gy/h7xm5z
@@FranchiseCityOnline Thank you.
Ok so it's not real at all
$13 sandwiches with low quality ingredients. Even my dog won't eat their so why should I?
You’ve been shadow banned my friend 😢
So will you make any type of franchise related videos?
We still intend on doing interviews, maybe "for sale" listings. Still working on the plan 🙂 Thanks for visiting!
This is such a travesty. Very sorry to hear this.
Thank you for the support!
When the color of your skin gives you a benefit or a detractor, it's discrimination no matter how you slice the "cake" . A person cannot choose what color they are, and one color/ race should not get special treatment just because they look a certain way even though they may be equal in all other respect to means and abilities.
But there is still Ads on your videos... It's ok though still love your channel and YT does have to pay for their servers soo.... at least there is a skip function so that I can get to watching your videos. ;)
Thanks for watching! What happened: We turned off monetization on every video back then, but viewers said they were still seeing ads. Apparently even if you demonetize your video KZread still places ads and they just keep all the money. So if there are ads shown no matter what we just turned on monetization again a few weeks later so at least YT isn't keeping it all.
You have a right to review a business and the lawsuits should be thrown out.
Thanks! I'm sure they would be thrown out but in the meantime it costs us thousands to fight it. They can also do things with KZread like copyright claims and eventually with enough circumstances we could be banned. KZread will basically always side with the claimant if they are the trademark holder.
That's how you know that you guys are very effective at what you do, But here's a suggestion how about making a video to show aspiring investors where to look for this information and what to look for when you receive the documents, since these franchises are acting like you are providing illegal information, because there would be nothing illegal about that. So how about it @franchiseCityOnline ? (I love to see that video)
Thanks! the problem with people doing it solo is there are so many things to know, each industry has different challenges, there are demographic considerations, their operational abilities, proper financing, exit strategy, creating financial projections, each FDD is 200+ pages long, and they wouldn't have access to the insider data that we are exposed to being in the industry. We hear of a lot of the nasty things that happen that often aren't publicized. It would be like learning to become your own lawyer or doctor. We've been walking buyers through the diligence steps for 15 years so our process is quite comprehensive. (and free as part of the broker process) Thanks for the comment!
You had to know this is what would happen. Kind of a no-brainer....
Greed and lying!!!!!!!!!!!!!
Big business greed and lying
Go ask Mark Cuban or someone like him to sponsor your legal fees on these cease and desist letters.
Corporatism in America is beyond out of control. It's smothering both freedom of speech and Free Enterprise... I don't blame anyone for BDS'ing Google, Meta, X or any of the other janky corporatist "antisocial media" platforms that are doing harm to the world!
I'd love to think there's a way to cleverly get the information across or at least clue people into how to get your real data, all while you can enjoy some ad revenue. I believe in you! Also, i'd RUN to Rob's animal channel.
Real heroes are never seen! you guys literally saved people MILLIONS!!! take a bow Franchise City! I myself have made ppl watch certain videos you made when they said to me "did you hear Amazon Delivery is only $10K to start?" ... or when someone said to me, "I wanna invest in a Franchise, something like a 7 Eleven". Those ppl thanked me after I fwd them those videos and I would always say "don't thank me, thank Franchise City! those ppl are doing God's work"!
Thank you for the support! Glad we were able to provide some value 🙂
Maybe a paid substack or way for people to do their own research. Such critical information shouldn't be suppessed
:(
I for one will be using Franchise city for a review and recommendations of which franchise to purchase. Excellent transparent information.
Thank you!
I Applaud "Franchise City" for Your Honesty and UNBIASED Reviews of these Various Franchises!! The Federal Government & Media in Gerneral both try to target and shut down anyone who exposes the Negatives or Lies about a situation that Only benefits Themselves
Thank you for the support!
bummer...
tok tok is all bot views
Must of been the crappy tool truck companies 😂
😆😆😆 lol actually all of those are still up.
Ridiculous! That's how you know your content is impactful and that KZread PRETENDS to be unbiased, like taking away the thumbs down. You've saved myself and thousands of others from making a mistake that could literally ruin our lives! Maybe consider sending them a cease and desist letter and threaten to sue for censorship that's negatively impacting your business financially.
Thanks for the support! That is actually a really interesting idea - I'm going to look into it.
@@FranchiseCityOnline Awesome. Fingers crossed
What about LinkedIn Pulse? That would capture a lot of business focused visitors and entry level franchise prospects. Rumble and/or Bitchute are also both worth considering as KZread like backup platforms. Are the comments posted to your videos on TikTok coherent and relatively smart? That would say a lot about the audience there. I'm skeptical about the value of TikTok for business targeted content.
Warning exposing bad franchises could be dangerous to ones financial conditions.😂 Thank you for your work!
Thank you for watching!
Did you have to remove any of your content on youtube? I do appreciate what you have done, which is educating the franchise consumer.
Unfortunately many videos got deleted. It wasn't too bad at first but lately its gotten a lot worse. There are still quite a few live from over the years - fingers crossed we can keep those up!
We appreciate the honest and factual information you have given us in a world of "sales and marketing" where your money and life could be at risk for making bad business choices
Thank you!
I am just lost for words but yet not surprising. Your videos are so helpful for beginners or professionals alike but I guess dictatorship views it differently. Heartbreaking
Thanks Hassan!
I just wantnto say thank you for the years of insightful no-nonsense content. I respect your commitment to both running and educating us on what it means to be a calculated and competent business. Will there be a FC blog or newsletter in the future? I'd happily subscribe.
Thank you! We still plan on posting, just not the reviews. Probably pivoting to more franchise interviews, maybe businesses for sale listings. We actually have a franchise interview coming up this week with a "rage room". Hopefully if we post more content KZread will love us again 🙂
keep doing the reviews dont give up. they cant stop you from reporting their numbers and talking to franchise owners. don't let them bully you.
Thanks for the support! In my younger days I would be on that. Today have to watch my blood pressure 🙂
Coz you were doing positive reviews for franchises you sell. As a broker why would you do that. People are stupid to trust like you.
Yt been suppressing Maverick on his channel as well.
Yep, I've seen a ton of videos from creators where all of a sudden the bottom just dropped out. Frustrating!
Killer squirrel
He identifies as a Chipmunk 🙂
You might not have a lot of money, BUT you got something money can't buy....INTEGRITY and HONESTY. Thanks for all the great work and research. I have always known for 20 years that franchises were only in it for themselves but you helped put more light on it.
Thanks for the kind words!
I've just realized that I haven't seen any of your videos on my recommendations in ages!
Sadly, we hear that a lot! Thanks for watching
Wow it’s all deleted couldn’t u post it on ur own site KZread only cares for the ad revenue
Maybe, but our site doesn't get a lot of visitors. Thanks for watching!
How about an educational channel teaching people how to research a franchise.
Good idea - the problem is there are so many things people have to know, each industry has different challenges, there are demographic considerations, their operational abilities, proper financing, exit strategy, creating financial projections, and they wouldn't have the insider data that we are exposed to being in the industry. We hear of a lot of the nasty things that happen that often aren't publicized. It would be like learning to become your own lawyer or doctor. We've been walking buyers through the process for 15 years so our process is quite comprehensive. (and free as part of the broker process) Thanks for the comment!
I have been in commercial real estate as a principal broker for over 20 years and own NNN properties nationally. The tenant is one of the LAST things I look at as LANDLORD. I look at the DIRT most importantly. If the tenant goes dark is the rent replaceable with my release costs ( tenant improvements, leasing commissions, attorney fees, lost rent downtime, etc.) In alot of cases it is not and the person buying these properties to own for passive income with the tenants in place can lose millions. Commercial developers hold the strongest tenants to keep in portfolio unless someone pays a crazy low cap rate and super high price. The stuff they let go for higher cap rates is weak tenant, over market rents, and inferior dirt locations. They cull the crap from their portfolio. It amazes me the stuff people buy either a franchise to run and operate or the real estate and land on the landlord side. I typically only like a handful of properties out of the thousands I review each week nationally. The rest are overpriced junk. Most QSR restaurants when times were good had 15 to 20% profit margins off of gross sales. No many closing down or might eek out 5% to 7% a year. If you are doing that might as well own the real estate instead and stay passive instead of dealing with lots of employees to run a business.
I would subscribe to Rob's Animal Channel.
I'm no KZread fan either
It could also be peoples viewing habits have changed and people just like The quick get to the point .30 second video of TikTok
I thought that too - but the examples I used at 1:49 were all shorts - under one minute. Night and day between platforms.
@@FranchiseCityOnline I think you do a great service to the people thinking of buying the franchises and the franchise sellers not everyone’s meant to be a business owner and franchises need to realize that I know their model growth growth growth at all costs but doing that sometimes you get involved with people they just aren’t meant to run your business correctly and that leads to bad consequences for both sides
@@mikejanacone8328 Thanks for the support! And very true, not everyone makes a good franchise owner. The good franchises let people know they aren't a good fit - the bad ones will take anyone's money 😞
yeah I haven't seen one of your videos in a while. Haven't seen you pop up.
I assumed that you were getting legal threats when you responded to my request yesterday. I have come to know your channel as transparent. I appreciate it. I see this video as a direct response to my request from yesterday. I did watch the video link that you shared. I think it is very cool and professional that you made this 5 minute video to explain why you couldn't review the company that I requested yesterday. I didn't think I would get a response. I posted in a community post that was a few years old. Thank you again for responding. I watched a documentary on the business that I asked about and it's not doing well. It's privately owned and the investment company is spending billions to make it relevant to take it public again. That company went bankrupt in the early 2000s and also in 2020. I actually go there and enjoy the business, but it doesn't seem like a solid investment. Sadly. Keep up the great videos. I look forward to seeing them. Again, thank you for responding so quickly. This channel deserves a few million subs and even more views.
Had been meaning to do this video for a while - so thanks for the reminder! Yes, that franchise has experienced quite a few issues, and the market in general with larger footprint "sit down" establishments have been mostly seeing a steady decline. From what I heard they are now more focused on international expansion vs the USA. Inflation has also been disproportionately hitting margins in the food industry.
@@FranchiseCityOnline I also heard that they are looking to expand outside the USA. I have young kids and I've thought about how cool it would be to run over of those businesses. Unfortunately, it's not looking good. The video I watched was on a series on KZread called bankrupt. Maybe they'll come back. I don't know. There are plenty of successful businesses, that we all recognize, that have been bankrupt. We'll see what the next decade brings for them. I am curious to know what you have in store for your channel now without reviews? I genuinely enjoy learning about them. I also agree that it's not with putting out that content for minimal profit on KZread.