1. People can eat delicious chicken sandwiches and waffle fries at Elon.
2. Elon can profit from sales of delicious chicken sandwiches and waffle fries on campus.
3. Homosexual activists might decide to boycott Elon.
4. Angry liberals might join the boycott of Elon.
1. I can't really think of any."
Actually, I can think of two cons:
1. See pro #3
2. See pro #4
Some of those might contribute funding and the loss of that funding might mean that the franchise fees would be needed.