These are tough times for business investors, indeed.
But there do exist opportunities out there for those entrepreneurs with the captial to spend on franchise opportunities (with more "deals" appearing everyday).
A number of franchisors are beginning to offer "2 for 1" deals for their newly recruited franchisees. Other franchisors are waiving initial franchise fees altogether. And others still, are offering additional "carrots" in the form of paying new franchisee leases for the first one or two years, and sometimes even waiving marketing startup costs, etc.
If you have the required captial in hand, this just might be a great time to look into buying that franchise of you dreams. Here are a few notions to keep in mind:
If your investment requires additional credit of any kind, you might have trouble getting a loan during this slowdown (especially for food and restaurant credit loans). However, if you do have the capital in place to move forward on a "smaller dollar" establishment, fast-food chains offering more affordable "meal deals" are a good place to look first.
Real estate can be negotiated. Remember that the slowdown is greatly affecting the real estate industry. If you are ready to make an investment, make sure to work with the franchisor when locating a respective retail/box location. Even more important, negotiate or press the franchisor to really negotiate the lease firmly. Commercial real estate is more available in many parts of the country than it has ever been before. To free up more capital, remember to also request the lease be back-loaded, freeing up some capital upfront.
But there do exist opportunities out there for those entrepreneurs with the captial to spend on franchise opportunities (with more "deals" appearing everyday).
A number of franchisors are beginning to offer "2 for 1" deals for their newly recruited franchisees. Other franchisors are waiving initial franchise fees altogether. And others still, are offering additional "carrots" in the form of paying new franchisee leases for the first one or two years, and sometimes even waiving marketing startup costs, etc.
If you have the required captial in hand, this just might be a great time to look into buying that franchise of you dreams. Here are a few notions to keep in mind:
If your investment requires additional credit of any kind, you might have trouble getting a loan during this slowdown (especially for food and restaurant credit loans). However, if you do have the capital in place to move forward on a "smaller dollar" establishment, fast-food chains offering more affordable "meal deals" are a good place to look first.
Real estate can be negotiated. Remember that the slowdown is greatly affecting the real estate industry. If you are ready to make an investment, make sure to work with the franchisor when locating a respective retail/box location. Even more important, negotiate or press the franchisor to really negotiate the lease firmly. Commercial real estate is more available in many parts of the country than it has ever been before. To free up more capital, remember to also request the lease be back-loaded, freeing up some capital upfront.
No comments:
Post a Comment