Business Model and Expansion Quiz

What is the main conflict between Beth Jacobs and Tara Roberts?

• Dispute on hiring practices

• Debate on franchising versus local growth

• Conflict over business location

• Disagreement on marketing strategies

How long does it typically take for Magic Make Readies to turn an apartment?

• 12 to 24 hours

• 24 to 48 hours

• 3 to 5 days

• 7 to 10 days

What services does Magic Make Readies offer?

• Web development and digital marketing

• Cleaning, maintenance, painting, and carpet cleaning for rental properties

• Financial consulting for startups

• Real estate brokerage services

How much does Magic Make Readies charge for a full package for a two-bedroom apartment?

• $1200

• $1400

• $1000

• $800

How much profit does Magic Make Readies make on a $1200 service?

• 10 to 15 percent

• 22 to 25 percent

• 30 to 35 percent

• 40 to 45 percent

What is the industry standard time to fix up a place?

• 20 days

• 5 days

• 10 days

• 15 days

What was Magic Make Readies' gross revenue last year?

• $3.2 million

• $1.8 million

• $2.8 million

• $2.2 million

What is the gross profit after paying themselves last year?

• $200,000

• $300,000

• $250,000

• $350,000

What is Beth's main concern with franchising?

• Limiting business growth

• Increasing operational costs

• Losing control over quality

• Complicating business processes

What is the initial investment for a franchise fee mentioned?

• $49,000

• $39,000

• $29,000

• $59,000