It?s really not hard to figure out which franchises will be 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 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 must 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 world in which McDonald?s didn?t exist, plus they were only the beginning. In Livraison asiatique 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 than a franchise restaurant.
Why? Because given the decision of trying to set up a loyal customer base for a fresh, unfamiliar product of your choosing, and choosing a restaurant franchise with food already familiar and which can keep the customers coming back, 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 kind. Only those who have a genuine love for the business usually stay with it long enough to create a profit; while having a franchise restaurant may ease some of the concerns, there are some 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 well be able to get help together with your financing from the franchisor, and banks also realize 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, so you can limit your inventory, which will be 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 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 will have certain standards, both service and financial, to maintain, and you’ll be giving regular reports to your franchisor. If you have personnel shortages, your household 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 incredibly 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 business you could start.