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 radio, and cannot drive through a shopping center anywhere in the US without passing one or more of them.
Not only do you know who they are, you have probably been in a number of them so many times that you know exactly what they need to offer. These franchises, quite simply, have succeeded wildly in branding their products. What are they?
purima , of course. Anybody borne after 1955 probably cannot remember a world 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 own business, you could do much worse than a franchise restaurant.
Why? Because given the decision of trying to establish a loyal customer base for a fresh, unfamiliar product of your choosing, and going with 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, of course, big risks in starting a restaurant of any sort. Only those who have a genuine love for the business enterprise usually stay with it long enough to generate a profit; whilst having a franchise restaurant may ease some of the concerns, there are several realities you have to 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 be able to get help together with your financing from the franchisor, and banks also realize that a restaurant franchise is probably the less risky small businesses, so may be willing to give you favorable terms.
On the positive side, you should have the benefit 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 and your company?s other franchisees in your community can share the expenses of joint advertising. For more info 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. Should you have personnel shortages, you and your family members will need 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 extremely high. But if you and your family are willing to supply 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.