How to flip burgers and be worth $400 million

• Apr 10, 2014

• #26

jetlife johnny

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"When not running his fast food empire, Junior Bridgeman likes to play golf and, in fact, is on the board of directors of the PGA. He has been married to his wife Doris for more than 35 years. The couple has three adult children who all have MBAs and work in the family business. Junior Bridgeman is a private man who has built a heck of a fortune, family, and life. He recognized a problem and turned it into an opportunity. Thanks to a lot of hard work, that opportunity made him an extremely wealthy and admired man."

 

• Apr 10, 2014

• #27

shogun

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I'd want to open up a Spearmint Rhino location. I'd have a daily office in there to make sure things run smoothly.

 

• Apr 10, 2014

• #28

jimmybeanz

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Frkn awesome. I love stories like this. Repped.

 

• Apr 10, 2014

• #29

yeezusdisciple

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misleading.

he didnt earn 400 million flipping burgers

 

• Apr 10, 2014

• #30

jimmybeanz

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not misleading at all. he didn't earn $400M playing hoop. he prolly ACTUALLY made $10-$15M total, which he has flipped into a half a billion dollar company and $400M net worth.

 

• Apr 10, 2014

• #31

rook

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• Apr 10, 2014

• #32

Hank Scorpio

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Look at Jamal Mashburn. The man owns a ton of car washes and food franchises.

 

• Apr 10, 2014

• #33

ken piffy jr

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Deceiving thread title almost made me apply at McDonalds

 

• Apr 10, 2014

• #34

assyrianplaya

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jimmybeanz said:

not misleading at all. he didn't earn $400M playing hoop. he prolly ACTUALLY made $10-$15M total, which he has flipped into a half a billion dollar company and $400M net worth.

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much closer to 1.5 million than 15 million. his top salary as a player was 350k in 1985.

 

• Apr 10, 2014

• #35

maldonado

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BLASTERCOMBO said:

I'd open a golds gym, and a McDonald's right next to it.


Collect forever

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I'd imagine the people going into the Golds gym...................













wouldn't be the same people frequenting your golden arches.

 

• Apr 10, 2014

• #36

blastercombo

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maldonado said:

I'd imagine the people going into the Golds gym...................













wouldn't be the same people frequenting your golden arches.

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I think you're completely wrong

 

• Apr 10, 2014

• #37

maldonado

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BLASTERCOMBO said:

I think you're completely wrong

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I think you're right.

 

• Apr 10, 2014

• #38

blastercombo

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maldonado said:

I think you're right.

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Lol, that was the quickest debate ever on NT. Tip of the cap sir

 

• Apr 10, 2014

• #39

maldonado

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BLASTERCOMBO said:

Lol, that was the quickest debate ever on NT. Tip of the cap sir

Click to expand...

 

• Apr 10, 2014

• #40

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furiousstylez23

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Bruh after I mad the first 100mil, I'm selling the businesses for another 100 or whatever and retiring for the rest of my life.

 

• Apr 10, 2014

• #41

yeezusdisciple

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FuriousStylez23 said:

Bruh after I mad the first 100mil, I'm selling the businesses for another 100 or whatever and retiring for the rest of my life.

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With this mindset you won't reach 100mil

U gotta always stay hungry and want more b

 

• Apr 10, 2014

• #42

sooperhooper

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JJs07 said:

JAmal MAshburn is cut from the same cloth

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And antoine walker purchased that cloth.

 

• Apr 10, 2014

• #43

jimmybeanz

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assyrianplaya said:

much closer to 1.5 million than 15 million. his top salary as a player was 350k in 1985.

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you're right. let's split the baby in half like solomon and say he didn't earn more than $5M total from NBA checks. so he flipped (ha!)

 

• Apr 10, 2014

• #44

water

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 great read 

 

• Apr 10, 2014

• #45

wj4

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JJs07 said:

JAmal MAshburn is cut from the same cloth

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Yes. I believe he owns a string of car dealerships.

Good read. However, not all can succeed. Some of former sport-stars got suckered into bad deals or deals at bad timing.

I think Glen Robinson had a lucrative restaurant that went soured in the last decade or so. I may have got the player wrong but story is right.

 

• Apr 10, 2014

• #46

Platinum State

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I never heard of this dude. But I always thought opening franchise fast food joints would be the best way to earn money after you retire as a pro athlete. To open 1 restaurant costs around 300-500k, I assume you can make that back in a couple years after operating costs...........after that.....all profit.
Now imagine you open 50 restaurants (invest 15 mil), after 2 years I guess you could be making 500k profit yearly off each joint, so thats 25 mil a year of pure profit for you.

 

• Apr 10, 2014

• #47

eiddyfouw

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WallyHopp said:

I've never heard of a broke franchise owner.. Good for him. Great use of money.

What's shocking is that 280 restaurants can earn that much back. Margins must be incredibly low. Bottom of the barrel slop food.

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That's cause people don't publish stories about the failures. PLENTY of franchises go bust, leaving the franchise owners taking strain.

Like any business. You have to have the right location, the right product, and the right price for the market.

Some franchise locations don't meet all of that criteria.

 

• Apr 10, 2014

• #48

wj4

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eiddyfouw said:

That's cause people don't publish stories about the failures. PLENTY of franchises go bust, leaving the franchise owners taking strain.

Like any business. You have to have the right location, the right product, and the right price for the market.

Some franchise locations don't meet all of that criteria.

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You hit it on the head. The many untold stories are of failure. Folks only want to read about those who make it. Same concept for how an average over the night success takes years in the making.

 

• Apr 10, 2014

• #49

shoelyesses

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SupremeApe said:

This.

They didn't even try to hide it.


Good read, and other Pro should read this... cough cough Mr. Walker

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and latrell and jr rider and shawn kemp and ai and most of the nfl and well u get the gist

 

• Apr 10, 2014

• #50

rillo561

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eiddyfouw said:

That's cause people don't publish stories about the failures. PLENTY of franchises go bust, leaving the franchise owners taking strain.

Like any business. You have to have the right location, the right product, and the right price for the market.

Some franchise locations don't meet all of that criteria.

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Agreed with all this, and I'd like to add the right employees which is HUGE in the restaurant industry. Bad service spreads fast and that's a kiss of death.