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  1. #1731
    Legend Balance's Avatar
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    Quote Originally Posted by winner69 View Post
    But this time it 'will be different' - we learnt from our experiences and all that stuff
    Indeed.

    Just like Hugh Fletcher learning from the near death experience of Fletcher Challenge in 1992/93 to load FCL up with debt again in late 1990s to experience the real death of Fletcher Challenge group.

    One thing about NZ management - they all think they are smarter than the last lot.

  2. #1732
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Balance View Post
    Indeed.

    Just like Hugh Fletcher learning from the near death experience of Fletcher Challenge in 1992/93 to load FCL up with debt again in late 1990s to experience the real death of Fletcher Challenge group.

    One thing about NZ management - they all think they are smarter than the last lot.
    Isn't that how they got the job - by being smarter? (Following daddy doesn't count)

    Nice one bal

  3. #1733
    percy
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    It is a problem with franchises.West Australian was a very good business.YUM pulled the plug on it because he brought a 25% holding in Dominoes.
    Makes it hard to sell when you don't have a "licence".Goodwills,lease commitments ,valuations all go out the door.
    The worst one I read about was Gough and Gilmour losing the Catipillar New South Wales franchise.Catipillar write in all agreements that the frachise can end with them giving 6months notice "without reason."
    One would cry "fowl".!!!
    Last edited by percy; 21-04-2013 at 11:27 AM.

  4. #1734
    Speedy Az winner69's Avatar
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    Good story while it lasted ... reminded us of the history of NZ companies going into Australia and stuffing it up and how 'this time is different' is really a fallacy .... and somehow even Hugh Fletcher got in on the act

    Well - it do fill up a bit of the Sunday paper short of news

  5. #1735
    ShareTrader Legend bull....'s Avatar
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    Looks like those carl jnr stores are going well ,
    you would think with mc donalds and burger king , wendys sales etc running in the hundreds of millions carl jnr should do very well
    one step ahead of the herd

  6. #1736
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    Quote Originally Posted by bull.... View Post
    Looks like those carl jnr stores are going well , you would think with mc donalds and burger king , wendys sales etc running in the hundreds of millions carl jnr should do very well
    I would not eat them next time, so does my kids. Very greasy..yuck. I mean CJ.

  7. #1737
    Advanced Member BIRMANBOY's Avatar
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    Thats not grease its "high calorie content tasty juice"!!.. That should be very appealing to the fast food afficianados.
    Quote Originally Posted by gv1 View Post
    I would not eat them next time, so does my kids. Very greasy..yuck. I mean CJ.

  8. #1738
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    Quote Originally Posted by BIRMANBOY View Post
    Thats not grease its "high calorie content tasty juice"!!.. That should be very appealing to the fast food afficianados.
    Love Wendys, Mac, KFC etc but not CJ thanks.

  9. #1739
    Guru
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    Quote Originally Posted by gv1 View Post
    Love Wendys, Mac, KFC etc but not CJ thanks.
    I wont take that personally

    Still haven't tried CJ, more of a BurgerFuel fan - they actually seem healthy - from what I can tell with CJ, they put far to much sugary sauce on a pattie high in saturated fat.

    HOwever, for there target market, I rate CJ a buy. Just look at those turn over figures! $2.3m over 3 months from 3 stores - $63k per week. BurgerFuel would probably average in the mid $30k (though they would have smaller, cheaper shops)
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  10. #1740
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    Quote Originally Posted by CJ View Post
    I wont take that personally

    Still haven't tried CJ, more of a BurgerFuel fan - they actually seem healthy - from what I can tell with CJ, they put far to much sugary sauce on a pattie high in saturated fat.

    HOwever, for there target market, I rate CJ a buy. Just look at those turn over figures! $2.3m over 3 months from 3 stores - $63k per week. BurgerFuel would probably average in the mid $30k (though they would have smaller, cheaper shops)
    HA!HA!HA!........definitely not you CJ. The other greasy food co.

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