Franchises: How much can you earn?

Jan. 12, 2012 - PRLog -- The people who consider buying franchise businesses range from laid-off managers to ambitious entrepreneurs.


"The restructuring of our economy has caused a lot of angst," says Steve Hockett of FranChoice, a franchise business broker. People laid off from long-term jobs don't want to go through that again. Their attitude, according to Hackett: "I want my success to depend on me."

And almost everyone starts with the same question: "How much can I earn?"

Actual performance may vary
"The difficulty obtaining information on how much you can make is the Achilles heel of franchising," said Peter Birkeland, host of the radio show Franchise Boot Camp. Of the 2,000 or more companies that franchise, few offer much data.

Gene Gold opened a new Pearle Vision four months ago in Brewster, N.Y., after partnering in a Pearle store for 20 years in Stamford, Conn. He says the UFOC data the company provides is pretty accurate and that it also helps out with market surveys and even "sent its real estate experts to look at the location."

In its UFOC, Pearle lists mean average sales of $674,000. Pearle is one of the few franchisors to give details on its average store's net profit, about $96,000.

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