The Founder - Real Estate Business Scene

-So to summarize, you have a miniscule revenue stream, no cash reserves and an albatross of a 1.____ that requires you to go through slow approval process to enact changes if they’re approved at all. Witch they never are. Am I missing anything?

-I’m about sums up.

-Tell me about the 2.____.

-The land?

-The land, the 3.____, how that whole aspect of it works.

-Pretty simple really. Franchisee finds a piece of land he likes, gets lease, usually twenty years,  takes our construction loan, throws out the building and of he goes.

-So, the operator selects the site?

-Yeah.

-He picks the 4.____?

-Right.

-You provide the training, the system, the operational know-how and he is responsible for the rest?

-Is there a problem?

-A big one. You don’t seem to realize what business you’re in. You’re not in the burger business. You’re in the real 5._____business.