Good advice. However, I expect a McDonald's to have enough income the
forst month to pay expenses. Otherwise why even do a franchise?

My brother is in the convenience store business and he makes money day
1 -- by that I mean, the income pays the rent, stock, loan payment, and
labor. There's a little left for him.


Pop` wrote:
Never Enough Money wrote:
I'm in my early 50's and have been a programmer, designer, and manger
of same for almost 30 years. I feel it's time for a change but still
have to pay a mortgage and 3 kids in college.

I'd love to open a Woodcrat store. Does anyone have any idea how much
I could take home? I know it depends on location, location, location,
and other things like the qulaity of help, etc. But are we talking
$40K and that's a struggle or $400K? What should be my expectations?

Wow. No offense, but the mere fact that you asked the question indicates
you have better not do it. It's going to take a substantial cash outlay to
get started and profits won't be realized as quickly as you need them, maybe
never. You can't just put up a sign and start making money - it doesn't
work that way.
Now, if you plan to keep your "day job", then it might be worth trying
out, just to see how it feels and what prospects, advertising, rent,
storage, insurance, fuel, taxes, etc etc etc look like. Believe me, being
your own boss is going to take a LOT more work than putting your
straight-40/week.
I'd save it for when the kids are thru college at least, and you have at
least three year's salary put away that you won't have to spend on the
business so you can be sure to survive until it'll support you, if it ever
does.
Also don't neglect your age; leaving now might make it hard to go back,
and even if you do, it won't likely be for your current wages since you'll
be starting all over again.

Pop

Pop1