Quote:
Originally Posted by marketsmart
i am thinking about opening a sub shop franchise..
.
|
I almost did that back in 2005.
Started to do Subway, but like you said...oversaturated. Looked at Quiznos as well because there were very few of them and I like their food.
Finally decided on a Firehouse Sub shop. Excellent food and great theme. Ended up backing out of the restaurant biz and then later the bar biz because my accountant and banker were so against it.
They ended up talking me into buying property in the business district and renting it. That worked pretty damn good. The businesses renting the property basically paid the mortgage and it required little to no work on my part.
But then 2008 happened and I took a bath on all of it. Pretty much gave away all my holdings and lost my investment in it because there was no way I wanted the mortgages hanging over my head after the majority of our tenants went out of business.
Bottom line: If you are hell bent on a sub shop...Firehouse kicks ass & the franchise deal they had a few years back was far better than the Subway or Quiznos agreement.