It?s really not hard 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 through a shopping center anywhere in the united states without passing one or more of them.
Not only do you know who they are, you likely have been in many of them so many times that you know exactly what they have to offer. These franchises, in other words, 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. In case you are 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 when compared to 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 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, needless to say, big risks in starting a restaurant of any sort. Only those people who have a genuine love for the business usually stay with it long enough to produce a profit; whilst having a franchise restaurant may ease some of the concerns, there are some realities it is advisable to face before you start.
First, buying a franchise restaurant can be extremely expensive; they are able to 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 among the less risky small businesses, so may be willing to give you favorable terms.
On the positive side, you will have the advantage of selling only those foods which are proven moneymakers, to help you 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 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 will be giving regular reports to your franchisor. For those who have personnel shortages, you and your family members will have to fill the gaps.
Restaurant apportez votre vin can almost count on having personnel problems; low pay and unchallenging work will make it hard to 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 likelihood of succeeding with a well-established franchise restaurant are better than they would be in any other business you could start.