A couple franchise selection questions

[PokerFox]

Hey guys, I'd love any advice from anyone who is knowledgeable about franchises, or really anyone who can add some value to this discussion:

I am starting an MBA program in the fall. In the meantime, I have access to a large amount of capital that I'm thinking about using to open a franchise.

I also own a portion of some land that is within 1 block from a large high school (2000+ students), near several residential areas, and in an area of high traffic. I am trying to come up with franchise ideas that meet the following criteria:

1. appeal primarily to high school students, teachers, and their parents that pass through this area several times a week

2. franchises where I can hire a manager to oversee day-to-day operation as I attend my MBA program

The things that immediately popped to my mind were coffee franchises (damn you for not franchising, Starbucks), smoothie places such as Smoothie King or Smoothie Factory, or a juice place like Juice Zone, Jamba Juice, etc, but I'm open to any and all ideas.

Some key points:

I won't be able to devote an incredible amount of time to day-to-day operations because I will be at class a significant amount of time. I will, however, be able to be there most late afternoon/evenings and the weekends.

Students have off-campus lunch and are frequently passing by this location, it is literally 30 seconds from the high school. There are also a large amount of residential neighborhoods and a decent amount of businesses nearby.

The land is large enough to build a strip mall on, with several tenants, however, there are 2 strip malls nearby that have many open spaces (troublesome).

A high-traffic CVS pharmacy is on the opposite corner.

So what do you guys think? Any franchise opportunities pop to mind that would be a great fit/profitable?

Thanks,
Matt