Is Buying A Six Figure Job All That Bad?

(Courtesy of marioanima’s photostream on Flickr)

If you could parlay a $5,000 investment into a $100k a year job, would you do it?

Of course you would. Who wouldn’t want a six-figure income?

And, your job title? Franchise Owner.

I Have Some Explaining To Do

If you end up being one of the winners in the Chick fil A franchisee selection lottery, you could end up making $100,000 a year-or more as a Chick fil A franchise owner.

If

I say if, because you have to be considered very, very special to get approved for one of their fast food franchises. So, are you?

Dan Cathy, who’s rules his Chick fil A franchise empire with an iron fist bible, is always on the hunt for a few good men. (I have no idea if there are any female franchisees. That’s not a slam on Chick fil A. I really don’t know if there are any.)

If you’re interested in becoming the owner of a Chick fil A restaurant, know this; you’ll be vetted as thoroughly as a Presidential candidate. Chick fil A’s background check includes the usual things like looking into your employment history, and looking at your credit rating. Every franchisor does a background check before they award franchises. But, most of them don’t include these added bonuses;

The team at Chick fil A headquarters will ask you to disclose marital status, number of dependents and involvement in your local community. This involvement will include questions about the civic, social, and professional organizations you belong to….including your involvement in church.

Six Figure Franchisees

If you’re willing to lay it all on the line, (and I’m not referring to the measly little $5,000 franchise fee) you could end up making $100,000 a year. That’s good money.

Notice I wrote that you “could“ make $100,000 a year as a Chick fil A franchisee. I’m basing that on just about every article I’ve personally read about their franchise model. (I don’t have their Franchise Disclosure Document) It’s not an earnings claim-it’s just information that can be easily found online, like on Forbes.com. If you called a finance professional like my friend , Nicole Fende, and asked her if it would be a smart decision to invest $5,000 into a franchise business that publicizes only a 5% turnover rate for it’s franchisees-who by the way look like they’re making six-figure incomes, what do you think she’d say?

As a matter of fact, what would any financial professional say?

Now, I know that this $5,000 investment isn’t a passive one. (Like investing in a mutual fund or stock) If you do become a franchise owner of a Chick fil A fast food franchise, you’ll be working your tail off. And, you’ll have to be an active owner-no part-time ownership is permitted.

So, would you invest $5,000 in a franchise that will do almost everything for you to get you going? Are you willing to work 6 days a week-12 hours a day for years, if you could possibly make an annual six-figure income?

And finally, would you be comfortable working in a culture that’s a religious one?

I’d love to hear form you….

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