It?s really easy to figure out which franchises are 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 US 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 must offer. These franchises, basically, have succeeded wildly in branding their products. What are they?
Franchise restaurants, needless to say. Anybody borne after 1955 probably cannot remember a world in which McDonald?s didn?t exist, plus they were only the beginning. In case you are one of the thousands of people thinking about breaking from the nine-to-five routine and starting your own business, you can do much worse when compared to a franchise restaurant.
Why? Because given the choice of trying to set up a loyal customer base for a fresh, unfamiliar product of your choosing, and going with a restaurant franchise with food already familiar and which can keep the customers coming back, the odds are definitely on the side of the franchise restaurant.
salle de mariage and Cons
There are, of course, big risks in starting a restaurant of any kind. Only those people who have a genuine love for the business usually stick with it long enough to make a profit; whilst having a franchise restaurant may ease some of the concerns, there are a few realities you have to face before you start.
First, investing in a franchise restaurant can be very expensive; they can include actually buying the land on which you’ll build your operation. You may be able to get help 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 advantage 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 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 prepared for extended hours at your franchise restaurant; as a franchisee you should have certain standards, both service and financial, to keep up, and you will be giving regular reports to your franchisor. Assuming you have personnel shortages, your household members must fill the gaps.
You can almost count on having personnel problems; low pay and unchallenging work can make it hard to keep employees for extended periods. Restaurant employee turnover is extremely high. But if you as well as your family are willing to provide you with the elbow grease, your chances of succeeding with a well-established franchise restaurant are much better than they would be in any business you could start.