It?s really not hard to determine which franchises are 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 one or more of them.
Not only have you any idea who they are, you likely have been in some of them so many times that you know exactly what they have to offer. These franchises, basically, have succeeded wildly in branding their products. What exactly are they?
Franchise restaurants, of course. Anybody borne after 1955 probably cannot remember a world where McDonald?s didn?t exist, plus they were only the beginning. When you are one of the thousands of people thinking about breaking away 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 new, unfamiliar product of your own choosing, and going with a restaurant franchise with food already familiar and proven to 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 people who have a genuine love for the business enterprise usually stay with it long enough to create a profit; whilst having a franchise restaurant may ease a few of the concerns, there are some realities you must face before you start.
First, investing in a franchise restaurant can be quite expensive; they can include actually purchasing 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 probably 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, so that you can 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 should have certain standards, both service and financial, to maintain, and you’ll be giving regular reports to your franchisor. In Grossistes 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 supply the elbow grease, your chances of succeeding with a well-established franchise restaurant are better than they would be in any business you could start.