It?s really not hard to figure out which franchises are the most successful. You see them advertised on television and on billboards, hear them advertised on the air, and cannot drive through a shopping center anywhere in the US without passing one or more of them.
Not only have you any idea who they are, you likely have been in many of them so many times you know exactly what they must offer. These franchises, basically, have succeeded wildly in branding their products. What are they?
Franchise restaurants, of course. Anybody borne after 1955 probably cannot remember a world where McDonald?s didn?t exist, and they were only the beginning. If you are one of the millions of people thinking about breaking from the nine-to-five routine and starting your own business, you could do much worse than a franchise restaurant.
Why? Because given the decision of trying to set up a loyal customer base for a fresh, unfamiliar product of your own choosing, and choosing a restaurant franchise with food already familiar and which can keep the customers coming back, the odds are definitely privately of the franchise restaurant.
The Pros and Cons
There are, needless to say, big risks in starting a restaurant of any kind. Only those who have a genuine love for the business usually stick with it long enough to generate a profit; whilst having a franchise restaurant may ease a number of the concerns, there are several realities you have to face before you start.
First, investing in a franchise restaurant can be quite expensive; they are able to include actually purchasing the land on which you will build your operation. You might be able to get help with your financing from the franchisor, and banks also realize that a restaurant franchise is among the less risky smaller businesses, so may be ready to give you favorable terms.
On the positive side, you should have the advantage of selling only those foods which are proven moneymakers, to help you limit your inventory, which is ordered from the parent company?s preferred suppliers. You as well as your company?s other franchisees in the area can share the costs of joint advertising. For more information 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 will have certain standards, both service and financial, to keep up, and you’ll be giving regular reports to your franchisor. If you have personnel shortages, your household members must fill the gaps.
Salon de coiffure can almost depend on having personnel problems; low pay and unchallenging work can make it hard to help keep employees for extended periods. Restaurant employee turnover is extremely high. But if you and your family are willing to provide you with the elbow grease, your likelihood of succeeding with a well-established franchise restaurant are much better than they would be in any business you could start.