Quote:
Originally Posted by Seminole
I don't own a franchise, but you really need to do an analysis of what the NI will be at the end. I've audited very successful companies who will only earn a NI of $6M on revenue of $150M. I found this, which cites IRS data, on small business income ( http://smallbiztrends.com/2010/11/ho...ners-make.html) and it shows the average NI for a food services company is 2-3% of sales. To earn $50,000 you'd have to generate almost $1.5M in sales every year. |
That's kind of ridiculous. So you only get to keep 3% of what you really make? I find that hard to believe.