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 radio, and cannot drive by way of a shopping center anywhere in the united states without passing one or more of them.
Not only have you any idea who they are, you have probably been in some of them so many times that you know exactly what they have to offer. These franchises, in other words, have succeeded wildly in branding their products. What are they?
Franchise restaurants, needless to say. Anybody borne after 1955 probably cannot remember a global where McDonald?s didn?t exist, plus they were only the beginning. In case you are one of the millions of people thinking about breaking away from the nine-to-five routine and starting your own business, you could do much worse when compared to a franchise restaurant.
Why? Because given the decision of trying to establish a loyal customer base for a new, unfamiliar product of your choosing, and choosing 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, of course, big risks in starting a restaurant of any sort. Only those people who have a genuine love for the business enterprise usually stick with it long enough to produce a profit; while having a franchise restaurant may ease a few of the concerns, there are some realities it is advisable to face before you start.
First, buying Salon de coiffure can be very expensive; they are able to include actually purchasing 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 small businesses, so may be ready to give you favorable terms.
On the positive side, you will have the benefit of selling only those foods which are proven moneymakers, so you can limit your inventory, which is ordered from the parent company?s preferred suppliers. You as well as your company?s other franchisees in your community can share the expenses of joint advertising. For more information see http://www.startfranchisehelp.com/Franchise_Broker/ on Franchise Broker.
On the downside, be prepared for extended hours at your franchise restaurant; as a franchisee you will have certain standards, both service and financial, to keep, and you’ll be giving regular reports to your franchisor. In case you have personnel shortages, you and your family members will have to fill the gaps.
You can almost depend on having personnel problems; low pay and unchallenging work will make it hard to 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 business you could start.