It?s really easy to determine which franchises will be the most successful. You see them advertised on television and on billboards, hear them advertised on the air, and cannot drive by way of a shopping center anywhere in the united states without passing a number of of them.
Not only do you know who they are, you have probably been in a number of them so many times that you know exactly what they need to offer. These franchises, basically, have succeeded wildly in branding their products. What exactly are commande pour emporter ?
Franchise restaurants, needless to say. Anybody borne after 1955 probably cannot remember a world where McDonald?s didn?t exist, plus they were only the beginning. Should you be one of the thousands of people thinking about breaking away from the nine-to-five routine and starting your personal business, you can do much worse when compared to a franchise restaurant.
Why? Because given the choice of trying to establish a loyal customer base for a fresh, unfamiliar product of your choosing, and going with a restaurant franchise with food already familiar and proven to keep the customers coming back, the odds are definitely on the side of the franchise restaurant.
The Pros and Cons
There are, needless to say, big risks in starting a restaurant of any kind. Only those people who have a genuine love for the business enterprise usually stick with it long enough to produce a profit; whilst having a franchise restaurant may ease some of the concerns, there are several realities it is advisable to face before you start.
First, investing in a franchise restaurant can be extremely expensive; they are able to include actually buying the land on which you will build your operation. You may well be able to get help together with your financing from the franchisor, and banks also realize that a restaurant franchise is among the less risky smaller businesses, so may be willing to give you favorable terms.
On the positive side, you should have the advantage of selling only those foods which are proven moneymakers, so you can limit your inventory, which will be ordered from the parent company?s preferred suppliers. You and your company?s other franchisees in the area can share the expenses of joint advertising. For more info see http://www.startfranchisehelp.com/Franchise_Broker/ on Franchise Broker.
On the downside, be ready for long hours at your franchise restaurant; as a franchisee you should have certain standards, both service and financial, to maintain, and you will be giving regular reports to your franchisor. In case you have personnel shortages, you and your family members must fill the gaps.
You can almost count on having personnel problems; low pay and unchallenging work will make it hard to help keep employees for extended periods. Restaurant employee turnover is incredibly high. But if you as well as your family are willing to supply the elbow grease, your chances of succeeding with a well-established franchise restaurant are better than they would be in any other business you could start.