Franchises and Franchising

February 10, 2012

A Brief Flirtation with a Cinnabon Franchise

March 19, 2010 By Joshua Kennon Leave a Comment

Joshua Kennon reading the Cinnabon franchise disclosure document

I mentioned yesterday in the article on Dairy Queen franchise owners that after graduating from college, Aaron and I had looked into putting capital to work by opening several franchises in the town where we grew up. We thought it would be a good place to invest the money we were earning from our other businesses without having to be involved on a day-to-day basis. In other cases, we thought it might be a good way to structure companies so that our immediate family members could make an … [Read more...]

Filed Under: Franchises and Franchising Tagged With: Aaron, Charlie Munger, Cinnabon, coffee, Dairy Queen, franchises, Google, Kennon, Kennon & Company, kennon home accessories, math, opportunity cost, profit margins, revenue

The Dairy Queen Franchisee Revolt

March 18, 2010 By Joshua Kennon 6 Comments

In the year following graduation from college, Aaron and I looked into opening several Dairy Queen franchises in Kansas City, Missouri and the surrounding suburbs near where we had grown up before leaving for the east coast. Even though we figured we'd end up in a no-income-tax state such as Texas, Washington, or Nevada (paying an extra 6% to 7% of your income in state income taxes per year starts to add up over time), we really liked the idea of owning local businesses that hired local … [Read more...]

Filed Under: Franchises and Franchising Tagged With: Aaron, Berkshire Hathaway, capital expenditures, Charlie Munger, Dairy Queen, dividends, franchises, restaurants, taxes

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