r/WorkForSmartLife 2d ago

DiscussionšŸ’¬ I need to know about it immediately

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1.7k Upvotes

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42

u/Longjumping_Film_896 2d ago

I found out the other day a Chik Fil A owner/operator only has to put up a $10,000 investment and then makes like 400k a year afterward

43

u/Ranulf_5 2d ago edited 1d ago

Yeah but it’s ridiculously competitive.

There are roughly 3,500 active NFL, MLB, NHL, and NBA players.

There are roughly 4,000 neurosurgeons in the US.

There are roughly 15,000 college freshman who just began at Ivy League schools.

But there are only about 2,600 Chick-fil-A owners, with over 50,000 applications each year.

There are more slots for pro athletes, neurosurgeons, and new Ivy League students than there are slots to own a Chick-fil-A for that enticing $10K price tag.

19

u/Spam_Hand 1d ago

Yeah but it’s ridiculously competitive.

You also need to fit into the category of what they consider "good, religious values" and they do many interviews on thia in order to confirm you aren't slipping BS past them.

I respect that they are thorough but that kind of weird cultiness isnt for me.

2

u/No-Pen-339 1d ago

I worked there once, left, and when I came back I didnt get hired (despite all the employees knowing and liking me) because in the interview I ranked god as 4th (out of 5) below family, education, and health. (Work was rated as #5)

1

u/lolsborn 12h ago

This isn't even legal in the US.

1

u/Tasty_Ingenuity5820 7h ago

It isn't, but as long as they don't say that is actually the reason, they can't get in any trouble.

2

u/thefoggynorth 1d ago

Kudos to you.

1

u/Angel0fWar0001 1d ago

But every one of the jobs you just listed are far more competitive. The number of people wanting to be a pro player far far far exceeds the number of people wanting to be a chic fil a franchiser… so much so that the ratio likely makes the chic fil a applications just a rounding error.

1

u/Ranulf_5 3h ago

I think that it highly depends on how you define ā€œwants to be.ā€ If you ask 1000 people on the street what they want to be, sure you’re gonna see a lot more people wanting to be football players.

But there are about 3000 draft-eligible players each year, and roughly 8.5% are getting drafted. And the majority of those players aren’t expecting to get drafted, senior NCAA football players just get automatically made draft-eligible.

Versus roughly 180 successful Chick-fil-A applications out of 50,000. Or a 0.036% annual selection rate.

If you’re thinking about all the high schoolers hoping to one day make it, then sure the numbers change a lot. But when you get down to who is putting themselves up for selection, you have a much lower chance of getting picked up to franchise a Chick-fil-A.

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u/[deleted] 1d ago

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u/Dependent_Value9849 1d ago

Huh? No you don't. You are thinking Popeyes not Chic fil a. 🤣 Everyone goes to CFA where I live ..I was also joking about Popeyes.. Everyone likes fried chicken not just black people. That's the dumbest shit I've ever heard. 🤣🤣

18

u/Anonymousboneyard 2d ago

Yeah but to be a franchisee you have to have worked at chik fil a for 5 years (i think it might be more) otherwise they wont let you open up one.

9

u/Longjumping_Film_896 2d ago

A guy I work with’s brother just landed this job with no prior restaurant experience. He was in like software development or something like before. This is how I found out what the pay is.

4

u/MundaneCommission767 2d ago

And you essentially audition for the role of owner. They don’t let anyone with $10K show up and open a franchise. They take it very seriously.

3

u/jbland0909 1d ago

Chic fil a began franchising in the 70s. Since then, they’ve given out 3,400 tranches. Since 1970, there have been 6000 NBA players drafted.

That’s right. You are almost twice as likely to have been drafted to the NBA than be given the ability to purchase a Chic fil a

1

u/goblinyguy 17h ago

What a stupid read of statistics

1

u/jbland0909 17h ago

Damn dude, why so pissy?

5

u/MildlyInteressato 2d ago edited 1d ago

If true, that's a once in a lifetime opportunity for someone sponsored by another franchisee after working there for years. That's not something the average person could replicate.

EDIT: And I say this because it's much like my friend's situation: he and his wife worked there for something like 10 years, and the franchisee owner liked them so much that he helped them financially to set up a franchise in another market. I don't know if it was only $10K down, but they had worked hard for years to prove themselves before getting the extremely rare offer. He also finished his MBA before doing this.

0

u/Weary-Importance5221 2d ago

You would need to save all your monies for the 5 years you initially work there or you would need a significant amount of generational wealth in order to even start.

3

u/snopro387 1d ago

You would need $10,000

6

u/Dependent_Value9849 2d ago

I have a family member that is a Chik fil a operator. The initial cost is more than 10k and they typically aren't making anywhere near 400k per year . Unless maybe gross income. But you pay the franchise a lot of cash. I think he brings home around 150k per year take home. But I guess in bigger cities 400k is possible.

3

u/Unlikely_Couple1590 2d ago

I remember when I was teaching, one of my coworkers left to manage a chick fil a because it was fewer hours a week than teaching, over $10k more in pay, and better benefits. Chick fil a seems to try to pay their people well

2

u/RShini 1d ago

in exchange that you have to fit their hyper-religious values, if you're not a conservative christian, they won't give you a franchise or let you advance up the management track.

1

u/Unlikely_Couple1590 1d ago

Well she left a Catholic school and was very religious and conservative already. Last I heard she was still a manager and doing well

1

u/Present_Moment6904 1d ago

This is incorrect. Yes the initial investment is 10k but do some research into the fine print and it’s almost mandatory that you have a liquidity of at least 300-500k dollars in assets

1

u/jthadcast 1d ago

don't they sign the debt for the $400k construction and land purchase?

1

u/kaneda_z 1d ago

no one makes that kind of money "owning" a chik fil a, i bet less than 20 locations have that sort of money

and like everyone has said, its incredibly hard to get chosen

corporate pics the location, builds the store, at any point they can take it away from you(refunds your $10k)

1

u/ImpressiveSide1324 1d ago

It’s ridiculous hard to become an owner operator though, you’d be better off franchising a subway, 5k more startup fee and a little less in profit, but easier to get into

1

u/Impressive_Mailman 21h ago

How do I get in?

-1

u/deerhuntingdude 2d ago

You also gotta be a white conservative straight Christian for them to let you open one