With numbers like that, why the need to raise sales…damn! 21% profit…pretty outstanding.The business grosses 850k and nets close to 180k for owner. Owner puts to 40 hrs of work per week.
Why do you think it doesn’t make money? Thanks.
That was a typo. I corrected it.It was stated as 18000 per month. I’m guessing that that was misstated but if not, it certainly will be tough to make any money at that.
2 big reasons:With numbers like that, why the need to raise sales…damn! 21% profit…pretty outstanding.
Even if you pay a manager 50k…that’s 15% profit.
Well I have some loan to pay off too, so anything I can do to expedite that.When we had a store that did 18 a week our weekly profit was probably about 3k a week. That’s with paying a manager a good 1300 a week.
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Lol.Welcome to the Pizza world.
Fear !!
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May I ask how old you are? You are very cautious. When I got into this business I was 22. I didn’t know crap, didn’t give a crap and had no fear of failure. I worked 16 hours a day and got my ass kicked 8 days a week. I’m not saying this won’t work for you but this can be very demanding.The business grosses 850k and nets close to 180k for owner. Owner puts to 40 hrs of work per week.
Why do you think it doesn’t make money? Thanks.
Yeah… bought my fist store when I was 22… 18 hour days were nothing. Then we’d play ultimate frisbee in the lot for an hour!May I ask how old you are? You are very cautious. When I got into this business I was 22. I didn’t know crap, didn’t give a crap and had no fear of failure. I worked 16 hours a day and got my ass kicked 8 days a week. I’m not saying this won’t work for you but this can be very demanding.
May I ask how old you are? You are very cautious. When I got into this business I was 22. I didn’t know crap, didn’t give a crap and had no fear of failure. I worked 16 hours a day and got my ass kicked 8 days a week. I’m not saying this won’t work for you but this can be very demanding.
Wow you guys were young that’s impressive! I didn’t have money, credit, know how, or maturity at 22.Yeah… bought my fist store when I was 22… 18 hour days were nothing. Then we’d play ultimate frisbee in the lot for an hour!
The moral of the story is expect to spend A LOT of time at the store. Probably all of it.I am 35. I am cautious cause I want make sure I make good decisions and then can grow or open other businesses. I dont want to buy some one else’ problems or end up buying myself “job” at the end of it all.
So the more I know about the industry, the better educated my decisions will be.
Its like someone who said, “if I have to cut a tree down, I will spend 80% of time sharpening the knife”.
Gotcha. Just letting you know that 90% of this business is just getting in there ,getting dirty and eating crap. If you can do that you’ll be fine.I am 35. I am cautious cause I want make sure I make good decisions and then can grow or open other businesses. I dont want to buy some one else’ problems or end up buying myself “job” at the end of it all.
So the more I know about the industry, the better educated my decisions will be.
Its like someone who said, “if I have to cut a tree down, I will spend 80% of time sharpening the knife”.
While I can’t speak for the others who got into this young, I bought mine at 25 and certainly didn’t have the money, credit know how or maturity but somehow it worked out. If I had all of that, I probably would have been smarter than get involved with what was a marginally profitable business at the time. As far as pizzaboi opening more businesses, You might find that running one is all you want/need to do. I find that my business keeps me way too busy to open new businesses. I’m sure the right person could come in and do better with less time but for me to continue the growth curve I am on, I am spending more time than I want to on the business. Two and a half years ago I sold a second shop that was busier than this was at the time. It was doing a million and a half in sales and making good money. After putting all of my time into focusing on one store, I’m now making more profit out of one than I used to out of two. I’m very certain that I can grow this one shop so much more, I just have to get a larger space to do so.Wow you guys were young that’s impressive! I didn’t have money, credit, know how, or maturity at 22.
I rather not. Its smaller canadian franchise not the domino’s, pizza Hut kind.Are you able to disclose the franchise- that may open up some other data, suggestions, thoughts.
I an fine with that.Gotcha. Just letting you know that 90% of this business is just getting in there ,getting dirty and eating crap. If you can do that you’ll be fine.
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Curious, how much did you sell the shop which did 1.5 million in sales?While I can’t speak for the others who got into this young, I bought mine at 25 and certainly didn’t have the money, credit know how or maturity but somehow it worked out. If I had all of that, I probably would have been smarter than get involved with what was a marginally profitable business at the time. As far as pizzaboi opening more businesses, You might find that running one is all you want/need to do. I find that my business keeps me way too busy to open new businesses. I’m sure the right person could come in and do better with less time but for me to continue the growth curve I am on, I am spending more time than I want to on the business. Two and a half years ago I sold a second shop that was busier than this was at the time. It was doing a million and a half in sales and making good money. After putting all of my time into focusing on one store, I’m now making more profit out of one than I used to out of two. I’m very certain that I can grow this one shop so much more, I just have to get a larger space to do so.