PRESENTATION OUTLINE
Three Key Indicators Fast Food Franchising is for You
Entrepreneurship is part of the American dream. Making the decision to start working for yourself, rather than for a boss, can be one of the most liberating choices you ever make. It can also be one of the most daunting because of the risks. One of the biggest risks with fast food franchising is the risk of failure.
By partnering with a nationally or regionally recognized brand, you get the support of the corporate office and other franchisees, a proven business model, and an already-established clientele. You don’t have to take the time to build your brand’s name, you just have to be willing to work hard to be a part of that brand.
Topics of Discussion
- You Want to Start your Own Business
- You Have the Skills to Manage a Fast Food Franchise
- You Have the Capital to Open a Fast Food Franchise
1. Owning a business is a popular goal among Americans. For many, it’s a symbol of self-sufficiency; a break free from the corporate grind. You might be worried that you can’t own your own business if you don’t have an original business idea. This is absolutely incorrect. With fast food franchising, you can become a business owner without having to develop and implement an original concept. With this type of business model, you can purchase a franchise and operate your own business under a recognized brand.
2. One of the concerns keeping you from starting your own business might be a lack of confidence in your own skills as an entrepreneur. Maybe you’ve never owned a business before and you think your lack of experience will keep you from reaching your goal. News flash: most people who thrive in fast food franchising have never owned a business before.
3. This one is more concrete: either you have the capital to start a business or you don’t. Every company that franchises its brand has a set of requirements for prospective franchisees, and this set of requirements includes a financial baseline. For example, to open a Pretzelmaker franchise, you’d need a net worth of at least $250K, with $100K of that in liquid assets. Like the old adage says, “You’ve got to spend money to make money.” Even with an established brand, you need to be able to cover your startup costs and enter the business world knowing that you will likely not see a profit for a year or longer.
Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.
