What are the pitfalls to avoid when buying a franchise? I came across the answer to this question when I was reading an article about the list of 10 most profitable franchises in 2014. Buying a franchise may be the best option for people who want to go into business without the hassle of having to come up with a product and developing a brand.
According to Insider Monkey the first and maybe the most important step in buying a franchise to pick one of the most profitable franchises.
Quiznos isn’t the only franchise that had disgruntled franchisees. Burger King was sued in 2009 by the National Franchisee Association (NFA) because the company set the price of its double cheeseburger at $1 which understandably hurt the profits. Low priced items lose money but they attract traffic to the restaurants. The parent company has incentives to drive traffic to the restaurants even though the promotions are losing money for restaurant owners.
The main point of these examples is that there are several pitfalls to avoid when buying a franchise. Please check our lists of 6 High Margin Franchises to Invest In and 10 Best Fast Food Franchises To Purchase.
According to Insider Monkey the first and maybe the most important step in buying a franchise to pick one of the most profitable franchises.
Quiznos isn’t the only franchise that had disgruntled franchisees. Burger King was sued in 2009 by the National Franchisee Association (NFA) because the company set the price of its double cheeseburger at $1 which understandably hurt the profits. Low priced items lose money but they attract traffic to the restaurants. The parent company has incentives to drive traffic to the restaurants even though the promotions are losing money for restaurant owners.
The main point of these examples is that there are several pitfalls to avoid when buying a franchise. Please check our lists of 6 High Margin Franchises to Invest In and 10 Best Fast Food Franchises To Purchase.
0 Yorum Var.:
Yorum Gönder