it was in the conference call. plus franchising is a franchise fee every 10 years for each store, PLUS they usually collect a 8-10% royalty off the gross, but there are no operating expenses, except 1 sheet of paper to send the ivoice, an envelope, and a stamp (if they dont e-bill it). its a win win situation cause someone else does all the work and pays all the expenses, and they collect the cash.