In 1998 I joined in silent partnership with 2 friends in a Soup, Chips and Sandwich shop, no fried food. My initial startup invest was $20,000 and in the first 3 years I was getting a 8-12% return on my dollar but then 9/11 happened and the profits have gone away.
In 2005 I had to share the costs of a walkin refrig retro, $5,000.
So, in the 24 years I have received back about $6,000 in "FREE" soup and sandwiches. The two guys still run the shop with 1 helper. They are only opened for 4 hours 5 days a week and always have regular Boeing worker customers. The profit take each year is about 3-4% split 3 ways but I just let it ride into the maintenance fund.
Customers pay $15.50 for a thick Corned Beef brisket sandwich, coleslaw, baked beans or soup. The costs to make 1 sandwich is about $7-8, then overhead like rent, electric, insurance, parking space rent, taxes, health insurance.....
We have talked a lot about closing it down at a huge loss. Overhead is too high compared to 1998.