It?s really easy to determine which franchises are 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 have you any idea who they are, you likely have been in a number of them so many times you know exactly what they have to 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. For anyone who is one of the millions of people thinking about breaking from the nine-to-five routine and starting your own business, you can 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 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, of course, big risks in starting a restaurant of any sort. Only those people who have a genuine love for the business usually stick with it long enough to create a profit; whilst having a franchise restaurant may ease some of the concerns, there are several realities you need to face before you start.
First, buying a franchise restaurant can be very expensive; they are able to include actually buying the land on which you will build your operation. You could be able to get help with your financing from the franchisor, and banks also realize that a restaurant franchise is one of the less risky smaller businesses, so may be ready to give you favorable terms.
On the positive side, you should have the benefit of selling only those foods which are proven moneymakers, to help you limit your inventory, which will be ordered from the parent company?s preferred suppliers. You and your company?s other franchisees in your community 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. Assuming Shish Taouk have personnel shortages, you and your family members will have to 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 much better than they would be in any other business you could start.