General Discussion
In reply to the discussion: Fast-Food Strikes Expand Across U.S. to 50 Cities [View all]SunSeeker
(52,083 posts)I hope you don't advise your clients that this is a good deal. It does not say how many employees you'll need, but I would be wary of any franchise. If had a yearning to open an sandwich shop, I would just buy a mom and pop sandwich shop without all that overhead.
Funny thing about an anonymous board, you never know who you are talking to. As a matter of fact, I have a business degree, and I do own a small service business with my husband. We've been in business since 1998 and have two long time, loyal employees, both of whom make well over $15 an hour. We don't make a lot of money, but we are comfortable, as are our employees. We have been able to buy our own house near the beach, and our employees have bought houses too, albeit a bit inland. No small accomplishment in Southern California. But I (and you) digress. And none of that is relevant anyway.
You keep ignoring my point. If the minimum wage is set at $15, everyone will have to pay that amount, fast food restaurants will all raise prices a little to compensate for this (or pay their CEOs a little less). They will still be able to turn a profit. If we spread the wealth around a little bit, it will be better for everyone.