Impossible Dream: Owner of a Chick-Fil-A Franchise!

Chick Fil A is a nearly impossible franchise to get (acceptance rate of less than 1%), but our friend, Marge's son, did it! 

LINK: 

Why opening a Chick-fil-A franchise is nearly impossible


Young Michael employs over 100 people at his busy Southern California  store. His mom (kneeling in picture) very generously gave us cards good for one of any 4 food items at a Chick-fil-A franchise, yay!  

BTW, Michael is the 2nd person we personally know who is a CFA franchisee -- and both restaurants happen to be located in the state of California.

 With the average Chick-fil-A store making roughly $4 million in sales annually, the highest out of QSR's top 50 American fast food restaurants, it's easy to see why so many people are interested in franchising the popular chicken restaurant.

The likelihood of ever becoming a franchisee, however, is slim. Chick-fil-A receives nearly 40,000 franchisee inquires annually and only ends up approving roughly 100  applications, according to the Washington Post. - FoxBusines

Nearly-impossible Franchise

Chick-Fil-A ranked top fast-food restaurant

I Worked at Chick Fil A for a Day



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Retirement & Investment: Are You on the Millionaire List per Fidelity?

Number of 401(k), IRA millionaires continues to surge - by Matthew Rocco

The number of “401(k) millionaires” surged in the second quarter, as broad gains in the stock market lifted the value of Americans’ retirement plans.

Fidelity Investments said Thursday the number of people with at least $1 million in their 401(k) plan climbed to 168,000 by the end of June, up 41 percent compared to the same quarter in 2017. The company also noted that the percentage of 401(k) millionaires who are women rose to 21 percent.

source: Fidelity Investments

The number of IRA millionaires also grew, hitting 156,000.

Overall, retirement savings have improved among 401(k) and IRA holders following a dip in the first quarter.

The average 401(k) balance nearly hit an all-time high. Fidelity said the average balance was $104,000, up 6 percent from $97,700 in first quarter last year and just shy of the current record of $104,300. The average IRA balance increased nearly 7 percent year-over-year to $106,900. Balances in 403(b) accounts also posted gains compared to last year.

“The stock market’s performance over the past several years has definitely helped retirement savers, but now would good time for investors to take a moment and make sure they are doing their part to meet their retirement goals,” Kevin Barry, president of workplace investing at Fidelity, said in a news release.

Read the Fox Business article H E R E

Fox Business: Number of 401(k) Millionaires Surge

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