Tuesday, December 12, 2017 12:31:33 PM
I Know what you mean. That amount of outlay is a scary thing, even if you do have it. You can always take a small ownership position in MY Franchise though.
I've not finalized my negotiations with AMFE yet, so I don't HAVE a franchise "yet", but in January I am hoping to get final approval. The way I'm looking to do it is to open an LLC to own the franchise, and my thoughts right now are that I'll probably sell off some minority ownership in the LLC to a few other people. This way I don't have to put in the entire amount myself. It means smaller profits for me, but less risk too. I remember this strategy from the Sopranos. They had a big gambling bet, and "laid off" some of the bet to lower their risk. Just a thought I'm having at this time. And if I do add minority partners, I'll let you know.
Gotta GET the darn thing first. HA!
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