Fast food franchises are so much a part of the country's landscape that one is not surprised to see a very long list of such businesses available for the entrepreneurs in the American society. The investment required to acquire a fast food franchise can vary from a mere $9,000 for a gum/candy machine to $350,000 for a coffee shop with most falling somewhere in between. One of the biggest hurdles to overcome for someone seeking this business opportunity is to decide which company and products to choose. It is important for the individual to understand what foods people want and what will sell well.
The opportunities in this field are relatively endless. One can sell pizzas or cookies through a fast food franchise, or open a seafood restaurant. Barbecued chicken strips, ice cream, or cookies are among some other restaurant opportunities that are available. Not every franchise is available in every location, however, so one must check beyond the initial advertisements for exactly where they are available before making any plans. The parent companies offering these fast food franchises usually help the franchisee with advertising tips, a grand opening event, etc., but financing has to be arranged somewhere else. Fast food franchise companies have rules and regulations concerning the conduct of the business, and it is important for anyone looking to start in this business to adhere to the company rules. The parent company has built up a reputation for a quality product, and if anyone of the franchisees fails to abide by the rules, that reputation could be tarnished. Most also provide training in how to run the business when they sell to the new businessperson and this is particularly important to the first-time owner.
A small portion of the profits made will go back to the parent company. The potential profits that fast food franchises are expected to generate can easily withstand this tax and still leave the business men/women with enough profit to make the opportunity worthwhile. So if a person wants to operate a fast food franchise by operating a vending machine that boasts a hot meal in 90 seconds, a restaurant where customers can sit down to a meal, a coffee shop or ice cream parlor, the choices are endless. With fast food franchises, one has the advantage of the business expertise of the parent company, and they are very interested in seeing their franchisees succeed. It is important to be prepared for a large investment of both time and money before venturing into this business. For some people, this may be offset by having their favorite fast foods available to eat at anytime. Feeding the multitudes in this way fulfills an important societal need. "And he commanded the multitude to sit down on the grass, and took the five loaves, and the two fishes, and looking up to heaven, he blessed, and brake, and gave the loaves to his disciples, and the disciples to the multitude" (Matthew 14:19). While not quite in the category of Jesus feeding the 5,000 with five loaves and two fishes, it's bound to bring a sense of satisfaction to the one doing the feeding.
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Thursday, October 2, 2008
Fast Food Franchise
Posted by
Mr Tran
at
10/02/2008 08:55:00 PM
Labels: Franchises
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10/02/2008 08:55:00 PM
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