Why do indians own so much damn business? We need to take notes

[flea]

I actually asked the towel head that owns the corner store by my house. He owned it for about 4 years now. Before then this old Colombian couple owned. Well they couldn't afford it so they sold it to this Arabic nikka and I end up asking him how his people be owning so many corner stores and it's cause they'll buy one, keep it, then either give it to their son or the youngest responsible adult in the family before they croak. They basically keep all these stores in the family. They just pass it down generation to generation

 

[DIMES]

Brehs a indian owns the home I'm living in. And another indian owned my old home. And before that an asian.

I just wonder why African American don't own as much as they should.

To me this the biggest problem that nobody talks about. I myself have been thinking about going into stocks and starting business for my people.

 

[TRFG]

I doubt Bridgeman bought all those Wendy's at the same time.

He bought 30 last year

http://nrn.com/franchising/wendys-refranchises-30-units-junior-bridgeman

 

[BlackFruitPunch]

He bought 30 last year

http://nrn.com/franchising/wendys-refranchises-30-units-junior-bridgeman

When he first started I doubt he was buying 30 at a time. Just to own one wendy's you got to be worth 5 million:

Minimum net worth of at least $5,000,000. Net worth may include liquid assets (as defined below), retirement accounts or pension-related funds, cash value of insurance policies, receivables, real estate and the value of ownership in privately held companies http://www.aboutwendys.com/Our-Company/Franchising/US/

Them Indians coming over here getting guwop.

 

[Vonte3000]

I actually asked the towel head that owns the corner store by my house. He owned it for about 4 years now. Before then this old Colombian couple owned. Well they couldn't afford it so they sold it to this Arabic nikka and I end up asking him how his people be owning so many corner stores and it's cause they'll buy one, keep it, then either give it to their son or the youngest responsible adult in the family before they croak. They basically keep all these stores in the family. They just pass it down generation to generation

They hire other Indians almost exclusively too. Where I live I asked for a job at the gas station and they told me they weren't hiring, my Indian friend went in and he said they hired him on the spot

They stick together

 

[BlackFruitPunch]

Brehs a indian owns the home I'm living in. And another indian owned my old home. And before that an asian.

I just wonder why African American don't own as much as they should.

To me this the biggest problem that nobody talks about. I myself have been thinking about going into stocks and starting business for my people.

These are great questions. I'm also curious to know the answers to these questions.

 

[Vonte3000]

Brehs a indian owns the home I'm living in. And another indian owned my old home. And before that an asian.

I just wonder why African American don't own as much as they should.

To me this the biggest problem that nobody talks about. I myself have been thinking about going into stocks and starting business for my people.

I want to go into stocks so bad

I'm in college but I've saved a good bit, I need to find a stock broker or something

 

[TRFG]

When he first started I doubt he was buying 30 at a time. Just to own one wendy's you got to be worth 5 million:

Minimum net worth of at least $5,000,000. Net worth may include liquid assets (as defined below), retirement accounts or pension-related funds, cash value of insurance policies, receivables, real estate and the value of ownership in privately held companies http://www.aboutwendys.com/Our-Company/Franchising/US/

Them Indians coming over here getting guwop.

Bullshyt, the most you need to start a franchise is 500,000.

 

[Crakface]

Because they know cacs aren't trying to give them jobs like that.

 

[BlackFruitPunch]

Bullshyt, the most you need to start a franchise is 100,000.

I took this from Wendy's website. Maybe Wendy's is lying to potential franchise partners on their website but I really doubt that. It's under Wendy's Franchising requirements the first bulletpoint.

 

[saint25225]

​

 

[TRFG]

I took this from Wendy's website. Maybe Wendy's is lying to potential franchise partners on their website but I really doubt that. It's under Wendy's Franchising requirements the first bulletpoint.

You can't read bruh

The minimum financial requirements* for new multi-unit franchisees or franchisee groups are:

• Minimum net worth of at least $5,000,000. Net worth may include liquid assets (as defined below), retirement accounts or pension-related funds, cash value of insurance policies, receivables, real estate and the value of ownership in privately held companies.
• Minimum liquid assets of at least $2,000,000. Liquid assets may include cash, money market accounts, certificates of deposit, publicly traded stocks and bonds.

* The minimum financial requirements for new franchisees entering the system through the acquisition of existing Wendy's restaurants will be based on the capital structure of the transaction and therefore may be higher than the amounts described above.

They mean more than 10 restaurants

 

[Canon]

There's no real money to be made in the franchisee fast food business. More than 50% of the profit goes to the franchiser and you have to pay taxes.

is this really true?

there has to be some incentive to owning these franchised spots?

 

[THEREALBRAND]

Because only indians with enough wealth to own a business or education to get well employed even explore moving to america

This is what people don't understand when they make these types of threads about a specific group doing so well. Whether you're talking about Chinese, Koreans, Nigerians, Indians, or what have you. Only the best, brightest or hungriest are making it to the United States. If you're not one of those things you won't even have a chance of getting here. My dad is a perfect example of this, if he wasn't blessed with the the intelligence and work ethic that he has he'd still be in a third world country in a slum with the people he grew up with.

 

[TRFG]

is this really true?

there has to be some incentive to owning these franchised spots?

They do all the advertising and marketing for you.. They basically create the buzz