Did you know that you can buy a franchise for $20,000 that will set you up blowing up balloons and Hosting kid parties?
Did you know that for $15,000 you can buy a blind cleaning franchise?
Did you know for $385,000 you can buy a Wendy's franchise.
Did you know if you buy a Boston Chicken Franchise you have to commit to opening 3 more within 5 years, at $250,000 a pop (not including Building, land working capital, inventory)
BUT>>>>
Did you know that 80% of franchises succeed?
I am of the opinion that the only way a small business will grow to succeed is through franchising, because a One or two store operation won't make it long term (Odds are against it anyway)
Coles books (now owned by smith books)
Had 1000 locations and their annual goal was to earn $1000 net profit after taxes per store.
Can't do that with 2 stores and survive.
If IT can make the franchise work and sell at least 200 units, they will make it.
Especially if IT leases the Location, and then re- leases at a higher price to their Franchisees.
It will take at least 5 years to unfold, and the Franchise registrations will be about $50,000 in each state. |
