Who is the youngest Chick-fil-A owner?

Jan 14, 2021. When Ashley Lamothe first started her job at Chic-Fil-A at age 15, she had no idea the journey would lead to her becoming the company's youngest owner at age 26 when opening in 2011, according to Black Business.

Who is the youngest franchise owner?

This HBCU Grad Went From Employee to Franchise Owner at Chick-Fil-A. Ashley Lamothe started working at Chick-Fil-A when she was 15 years old to earn money for her first car purchase. Little did she know that she would become the youngest franchise owner in the history of Chick-Fil-A at the age of 26.

How much does a Chick-fil-A owner make a year?

Low earnings.

So that would put the average store owner Chick-fil-A earnings at $200,000 per year at 5% and $240,000 per year at 6%. Now a quarter million a year is a pretty good salary, but from a franchise ownership perspective only receiving 6% of the gross is quite low.

How much money is it to make a Chick-fil-A?

While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner.

How much does it cost to be a Chick-fil-A franchise owner?

Opening a Chick-fil-A franchise costs between $342,990 and $1,982,225, including a $10,000 franchise fee, but unlike most other franchisors, Chick-fil-A covers all opening expenses, meaning franchisees are on the hook only for that $10,000.

Youngest Chick Fil A Owner

How hard is it to open a Chick-fil-A?

A very selective process

According to an article from The Washington Post, Chick-fil-A only accepts 100 to 115 franchisees from the 40,000 who apply every year. That means only 0.25 percent of applicants are chosen (your kids' chances of getting into Harvard are better!).

Can you buy Chick-fil-A stock?

Chick-fil-A is a private, family-owned company and does not offer stock options to the public. If you are interested in investing in Chick-fil-A by applying to become a franchised Owner/Operator, check our franchise page to learn more about opportunities in the U.S., Canada and Puerto Rico.

What family owns Chick-fil-A?

Chick-fil-A, Inc. is a family-owned business, founded by S. Truett Cathy. Today, Truett's children—Dan T. Cathy, Donald (Bubba) M.

How much is Chick-fil-A worth 2021?

It indicates the ability to send an email. An curved arrow pointing right. The Cathys are the family behind Chick-fil-A, a popular and highly profitable fast-food chain. With a collective net worth of $14.2 billion, they're America's 21st-richest family "dynasty," according to a recent report.

What are the benefits of owning a Chick-fil-A franchise?

Chick-fil-A pros

Their initial franchise fee is significantly lower than their competitors. Franchisor covers the majority of startup costs, including real estate, construction, and equipment. Franchisor rents you all necessary equipment. No prior restaurant experience necessary.

How much does it cost to own a McDonald's?

McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.

What percentage do Chick-fil-A owners make?

Chick-fil-A pays for the land, the construction and the equipment. It then rents everything to the franchisee for 15% of the restaurant's sales plus 50% of the pretax profit remaining. Operators, who are discouraged from running more than a few restaurants, take home $100,000 a year on average from a single outlet.

How much does a McDonald's owner make?

Some McDonald's franchise owners are naturally going to make more than others, but most franchise owners still pull in an estimated yearly profit of roughly $150,000 (via Fox Business).

Are there any Black owned Chick-fil-A?

The Youngest Black Owner of a Chick-fil-A Franchise is an HBCU Graduate. In 2011, at the age of 26, Ashley Lamothe became the youngest franchise owner in Chick-fil-A history.

How old is the youngest Chick-fil-A operator?

But that's where the comparisons end. As Harding drove into work that Friday morning, he faced a situation unique for someone his age. At just 24 years old, he was about to become a small business owner, as the youngest Chick-fil-A franchise Operator in the country.

Who is the richest fast-food chain?

McDonald's: $37 billion in system-wide U.S. sales. Starbucks: $13 billion in system-wide U.S. sales. Subway: $10.8 billion in system-wide U.S. sales. Burger King: $10 billion in system-wide U.S. sales.

Who owns Chick-fil-A stock?

Investors cannot buy stock in Chick-fil-A because it has no stock symbol/ticker; it is not traded on the stock market because it is a privately held company. The total value of Chick-fil-A stock is estimated at $4.5 Billion, and the shares are divided amongst the three sons of the founder Samuel Truett-Cathy.

Why Chick-fil-A close on Sunday?

Having worked seven days a week in restaurants open 24 hours, Truett saw the importance of closing on Sundays so that he and his employees could set aside one day to rest and worship if they choose - a practice we uphold today.

Are the owners of Chick-fil-A billionaires?

Chick-fil-A has been a lucrative family business

At 68 years of age, Dan Cathy's net worth is recorded as $7.1 billion, according to Forbes. He's ranked number 565 on Forbes' Billionaires list and made the number 81 spot on Forbes' Top 400.

Who makes more Chick-fil-A or McDonald's?

In fact, the average Chick-fil-A unit made around $4,090,900 in 2017. By contrast, the total sales for a McDonald's ($2,670,320 per unit), Starbucks ($945,270) and Subway ($416,860) is $4,032,450.

How much is one share of Chick-fil-A?

As discussed before, there is no official stock price for Chick fil A stock since the company hasn't been listed in any exchange or traded publicly. Analysts have given an estimated price of $60 to $90 per share.

Is TikTok on the stock market?

Is There a Stock Associated With TikTok? TikTok is a product created by a Chinese company called ByteDance. ByteDance is still privately held, meaning its shares are not available on the stock market yet. That said, ByteDance has received investment from SoftBank, a well-known investment firm.