651, RE: Idea for a new management company. Please give me your input.|
Posted by MarlinCreek, Sat Jan-20-07 12:04 AM
If your business is profitable and you believe the other stands are profitable as well, then consider buying out some of the other stands.
Then you'll be able to recognize the cost savings in having a single entity managing the accounting, employees and supplies...
You should also be able to build a consistent brand and then leverage that to a fanchise model if it makes sense.
My concern with your original idea is that if you are "taking care of everything"... where does the original owner have to profit... and if they can do nothing while you do everything, why not just pocket that money by owning the stand as well.
Marlin Creek - Idea Seeds