QSR Franchisee ⚡️

Anonymous multi-unit QSR franchisee inspired by @realestatetrent. Restaurants, real estate, ops, finances. Tweets are my own opinions, not advice. Let’s build!

[QSR Franchisee ⚡️ @MUnitfranchisee]

The longer deals were with large REITs who decided to walk back on agreed upon LOI terms when it came to the lease thinking we’d eventually just move forward. Dirty business. We stood our ground. On the flip side we’ve signed leases with the local larger developers(NQs of the world) and those got done much quicker

[QSR Franchisee ⚡️ @MUnitfranchisee]

@RetailBrokerHTX 💯! If this is one of your WS guys, LL would be an idiot for walking over lease negotiations. We’ve negotiated leases anywhere from 6 months to 1 year, perhaps even more once in a blue moon. It’s not uncommon. It usually takes at least 6-8 weeks

[QSR Franchisee ⚡️ @MUnitfranchisee]

@KatyBasinger @girdley Same. Maybe even more. It’s DD, UE and then GH in that order

[QSR Franchisee ⚡️ @MUnitfranchisee]

@shawngorham You belong down here in Texas 🤠

[QSR Franchisee ⚡️ @MUnitfranchisee]

@therobertbrooks Congratulations and thank you for your service 🫡

[QSR Franchisee ⚡️ @MUnitfranchisee]

@RetailBrokerHTX What do you think is causing that drop? It’s not like the consumers are flocking to restaurants

[QSR Franchisee ⚡️ @MUnitfranchisee]

@restaurantben @mr_bullet_proof Ecolab ftw

[QSR Franchisee ⚡️ @MUnitfranchisee]

@EmpiresPod_ @Dirtdog Every sub on the menu tbf

[QSR Franchisee ⚡️ @MUnitfranchisee]

@FranchiseMnA @EmpiresPod_ @Empiresbrand 😂

[QSR Franchisee ⚡️ @MUnitfranchisee]

@Kmuray @jonathanmaze We should connect, i think we’d have a lot to talk about 😄

[QSR Franchisee ⚡️ @MUnitfranchisee]

@Kmuray @jonathanmaze Was there a correlation between proximity and sales transfer? If I close a location 1.5 miles away, I’m expecting at least 10%, but if it’s 3 miles way, it could be 0

[QSR Franchisee ⚡️ @MUnitfranchisee]

@jonathanmaze I wish more franchisors would do this 😂

[QSR Franchisee ⚡️ @MUnitfranchisee]

@Kmuray @jonathanmaze Think so? Doesn’t always happen, but I’ve seen up to 90% of sales be split between two nearby locations

[QSR Franchisee ⚡️ @MUnitfranchisee]

@FranchiseMnA The decline is definitely rough, 1.1 itself is okay if you didn’t buy at the peak. We’re a bit higher than 1.1 🥸

[QSR Franchisee ⚡️ @MUnitfranchisee]

@Matt_Comito @FranchiseMnA If you’re over levered…tough spot for sure

[QSR Franchisee ⚡️ @MUnitfranchisee]

@FranchiseMnA McD, Wingstop and Taco Bell likely leading the pack

[QSR Franchisee ⚡️ @MUnitfranchisee]

@bethanyjbabcock @zennonuc We lease an inline space that’s approximately 2k sf. Before our landlord gets a penny of our rent $, we pay roughly 3k a month in property tax, water(to the MUD district) and other property related expenses. This is what drives tenants to close down

[QSR Franchisee ⚡️ @MUnitfranchisee]

You ever been to Texas or do you just talk from your high horse? Lived here pretty much my entire life, have friends of ALL ethnicities and cultures. We actually get along great here because most ppl are moderate and don’t judge others on politics beliefs. Southern hospitality is real