So if Auntie Anne's were to hypothetically get a B- does that automatically mean Wetzles Pretzels would automatically score lower because they are not as powerful of a franchise as Auntie Annes?
Rick Wetzel applied to be a franchisee of Auntie Anne's in 1993. At the time, Auntie Anne's was not open to developing stores in California. So, Wetzel started his own concept.
Your economics don't make sense. Auntie Anne's cost of goods is less than 20% of revenues. That's better than any other food concept I'm aware of. Auntie Anne's closures are the result of mall closures. Not anything to do with the economics of an Auntie Anne's store.
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The financials are extremely helpful
You're welcome!
I know someone that had one of these. They owned it for 7 years. Never turned a profit. Ouch.
Do you want to share more information?
how? they charge insane prices a very cheap product, and the product also practically sells itself in malls with the pretzel fragrance.
@@lavs8696franchise fees are high and the rents are too high.
Shaquille O’Neal has 17. I’m sure he’s making money.
This was very informative. Thank you
Thanks! Anything in particular you like that we covered?
So if Auntie Anne's were to hypothetically get a B- does that automatically mean Wetzles Pretzels would automatically score lower because they are not as powerful of a franchise as Auntie Annes?
Would need to dive into the financials
Rick Wetzel applied to be a franchisee of Auntie Anne's in 1993. At the time, Auntie Anne's was not open to developing stores in California. So, Wetzel started his own concept.
Your economics don't make sense. Auntie Anne's cost of goods is less than 20% of revenues. That's better than any other food concept I'm aware of. Auntie Anne's closures are the result of mall closures. Not anything to do with the economics of an Auntie Anne's store.