It?s really not hard 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 through 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 many of them so many times that you know exactly what they have to offer. These franchises, quite simply, have succeeded wildly in branding their products. What are they?
Franchise restaurants, of course. 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 thousands of people thinking about breaking from the nine-to-five routine and starting your personal business, you could do much worse than a franchise restaurant.
Why? Because given the choice of trying to establish a loyal customer base for a fresh, unfamiliar product of your own choosing, and going with a restaurant franchise with food already familiar and which can keep the customers returning, 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 enterprise usually stay with it long enough to generate a profit; while having a franchise restaurant may ease some of the concerns, there are several realities you should face before you start.
First, buying a franchise restaurant can be quite expensive; they can include actually buying the land on which you’ll build your operation. You may well be able to get help together with your financing from the franchisor, and banks also recognize that a restaurant franchise is among the less risky small 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, 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 extended hours at your franchise restaurant; as a franchisee you should have certain standards, both service and financial, to keep, and you will be giving regular reports to your franchisor. When 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 can make it hard to keep employees for extended periods. Céramique café is incredibly high. But if you and your family are willing to provide you with the elbow grease, your chances of succeeding with a well-established franchise restaurant are better than they would be in any other business you could start.