Analysis of US demographic data reveals one constant trend which is having a dramatic impact on the domestic market; the population is getting older. People are living longer due to medical advances, improved nutrition and better health. Over the next few decades, the number of seniors in the US is expected to grow significantly.
Being a franchise owner can be an extremely rewarding experience. If you have
the motivation and the right tools, you can really make the business your own.
Here are a few reasons why franchising with The UPS Store worked for me and
some tips on how to make the most of your store or center.
Did you know that only about 50% of small businesses are able to last three years or longer? Do you want to be one of the businesses that is to succeed, profit, and grow?
Rapidly gaining a foothold in domestic markets worldwide, The KASE has more
than 95 premium locations in key markets including France, Germany, Singapore,
Hong Kong and India. Now, The KASE is ready to expand its U.S. presence
through an aggressive franchise expansion program. Sales forecasts call for
hundreds of new U.S.-based The KASE franchise locations within the next two
years.
The first point I made ties into this, but you need to make sure you’ve done your research before you go ahead and sign a franchising agreement. And that doesn’t just mean from a financial perspective. There are so many other aspects in running a franchise that you need to understand before you get started. Most of this information can be found in the Franchise Disclosure Documents. Some of the most important things you should take a look at would be any legal issues the franchisor might have and the churn rate of franchises. Both of those could potentially be pretty significant red flags that might make you want to reconsider whether or not you want to open that franchise.
A great way to go and figure out whether or not the franchise you’re thinking
about is the right one for you is to just go into a location and take a look
around. Watch how things run. Talk to some of the employees or the customers.
Figure out what day to day operations are like. If you have a big problem with
the day to day business for any reason then it probably isn’t the right
franchise for you. But if you go there and think that the business is great
then it’s probably a good fit.
Cheshire, CT, July 16, 2015– Wayback Burgers, a better burger fast casual
chain based out of Cheshire CT, continues its strong 2015 growth with a strong
second quarter performance both in international and domestic development.
Recently I've received a few questions from our users about what their options
are when it comes to financing their franchise. So I figured it might be a
good idea to put together a quick post outlining some of the options out there
for financing your new franchise.