04-03-2019, 10:02 PM
(04-02-2019, 05:20 AM)rayray Wrote:(04-02-2019, 02:24 AM)thomasc Wrote: Hey Ray,
What is so special about those three companies? 2 of those look like a typical Subway or McDonalds and the third a manufacturing company that makes simple products that any other manufacturing company could.
Granted, we don't know their financials but WaWa and Chick Fil a have been growth machines. Personally, I either know someone or know someone who knows someone who works at all three companies, all different someone's of course lol. They all seem to treat their employee's fairly well at least from what I'm told by those "someone's"--sure-- it's not concrete info but it's something and it's a good start. During the recession Swagelok made sure their employee's kept working, if I remember correctly, they cut hours instead of laying people off, it hurt but it kept people employed. All three have decade long employee's.
WaWa buys a section of land, one plot of land for the truck-stop-like gas station with deli, and sometime's one or more other plots connected where it builds small strip malls for rental income. According to my friends brother sometimes the land is purchased, developed and all paid for within one year from "Opening for Business." WaWa also has it's own brand of coffee. Like D&D and McDonald's they are always updating/remodeling their store's and embrace new technology. Customer service, I notice at WaWa and Chick Fil a are really really good to outstanding from a personal experience.
Chick Fil a has some quirks but they do have some strong "beliefs" that they follow and expect to have from their owner-managers. When I checked into a franchise with them about ten years ago it was a simple application and if accepted as a owner-manager the cost is 5k, yes, 5000 dollars. The owner-manager averages between 150k to 600k plus from each location, owners usually own more then one location. The bad part is when the owner-manager(s) passes away the franchise goes back to the parent company. It's also easier to become an owner-manager if a relative already is one or if you personally work as a employee.
I have some more but I have to get ready for work
Makes a lot of sense now. Good write up.