What is the best way to start a franchise with minimal investment from yourself?
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What is the best way to start a franchise with minimal investment from yourself?
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@freestown7 said in What is the best way to start a franchise with minimal investment from yourself?:
What is the best way to start a franchise with minimal investment from yourself?
The problem with most franchise business, specially in food, bakery , garments,etc is that you need to have the decor as per their design. Further ,you need to keep a sizeable amount of money with them as advance against supplies. These two put together, costs you a pretty lot. In exchange you get their brand name which is already established in the market.
You have not mentioned two vital things. First your location city or town, which will determine the business prospect of a particular franchise brand. Next , what you mean by low capital. It's a vague term. In absence of these information, it's not possible to give specific reply.
If your capital is pretty low, better go for dealership of FMCG items. You are not bound by their standard decor.
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Hi there, I find it quite challenging to explain. You see, you`d better have a look at this article https://franchisesamerica.com/ about Franchises For Sale 2021 and be aware of all peculiarities. As the topic is quite tough to understand I think it would be easier for you to start from its definition. Believe me that resource is the best to start. Good luck