Originally Posted by
econ expat
The restaurants all were started by Bob Silverman.He'd open it up, bring in the crowds, then find an investor to buy the franchise based on all the cash coming in- . I doubt there was much profit. I more or less took over leases on mine from Silverman's. Made payments on the equipment, but did not pay franchise fees.
Thanks to the chain's past bills and creditors unpaid, my vendors all required C.O.D. A nuisance to keep cash on hand and count out payment on every delivery, but it kept me out of trouble.