How to build a basic set of financial projections (your mini business plan in numerical form) to estimate the potential profit of a franchise investment.
There are specific qualities that franchisors look for when they review the applications of potential franchisees. Franchisors want to avoid high risk prospects and favor applicants who exhibit an ability to manage a business and adapt to their environment.
Female business owners account for roughly a quarter of total franchise unit
ownership today, according to data from Pricewaterhouse Coopers and the
International Franchise Association. As the number of women investing in franchised businesses grows, franchisors are taking notice and increasingly directing their recruitment efforts towards the female demographic.
Believe it or not, now that 2015 has come, the economic woes that began of
2008 are seven years old! Although the economy hasn’t recovered as quickly as
we all would hope, Americans are finally to the point where things are looking
up. (In December of 2014, the government announced that the economy is growing
at a rate not seen in over a decade!)
One of the things that makes Americans unique is that all of us have a bit of
entrepreneurial spirit. Our country was built by people like yourself, who
were ready to open their own business and become the economic leaders of
tomorrow.
Which franchise should you open? There are a lot of factors that go into that decision, but one criterion that you absolutely have to consider is how quickly that franchise is growing. You can imagine what it would have been like to open a McDonald’s way back in the 60’s or 70’s, seeing that it has turned into one of the most successful franchises of all time.
Tasty, classic, and lucrative, pizza franchises should definitely be considered if you want to open a food franchise. Pizza franchise opportunities are incredibly fast-growing, and are definitely not going to leave American’s diets any time soon. (Imagine your life without pizza!) To get you started, we’ve listed some of the best pizza franchises below, so you can start comparing your options today.