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 air, 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 must 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 in which McDonald?s didn?t exist, plus 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 personal business, you can do much worse than a franchise restaurant.
Why? Because given the choice of trying to set up a loyal customer base for a new, unfamiliar product of your own choosing, and choosing a restaurant franchise with food already familiar and proven to keep the customers returning, 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 sort. Only those people 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 few of the concerns, there are several realities it is advisable to face before you start.
First, buying Restaurant Vietnamien can be very expensive; they can include actually buying the land on which you will build your operation. You may well be able to get help with your financing from the franchisor, and banks also recognize that a restaurant franchise is one of the less risky smaller businesses, so may be willing to give you favorable terms.
On the positive side, you will have the benefit of selling only those foods which are proven moneymakers, so that 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 costs 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 up, and you’ll be giving regular reports to your franchisor. In case you have personnel shortages, your household members will need to fill the gaps.
You 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 as well as 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 other business you could start.