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Why We're Advising To Stay Away From Food & Fitness Franchises
Description
Episode 50: On this episode of Pursuit of Profit, Cliff and Justin take time to discuss why they're advising clients to stay away from fitness and food, how minimum wage and inflation increases have affected profitability in an already razor thin margin business, suffering from issues like retention and slow growth, and why a written investment discipline is so important in this slowing economy. You'll want to take a listen...
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Timestamps:
00:00 - Intro
01:20 - What we've learned from our guests
06:10 - Why they haven't talked about food or fitness
08:00 - Stats on fitness franchises
27:43 - Impact of inflation
36:40 - What's hurting the food space
54:20 - Criteria to buy a franchise
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Links:
Watch the Pursuit of Profit on YouTube!
Book a free consultation with Cliff and Justin: https://calendly.com/franocity1/30-minute-meeting
Learn more about Franocity: https://qrcodes.pro/15fBNC
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.