Thriving Despite the Recession
Franchises Your Best Bet Restaurants offering’comfort foods’ are prospering particularly well and their resilience in the face of the downturn is awfully encouraging to would-be franchisees. In fact , however bad the commercial news, customers still want their morning coffee and donut and, while they are probably going to be cutting down on the huge spends, those little luxuries of life become more significant. OK, perhaps you won’t be taking that Florida beach vacation this year, but great coffee and savory food that you can enjoy any time of day are still affordable for the majority and offer up a little consolation and reward for the hard-pressed worker or shopper.
For many well known restaurant franchises, business is booming. In the UK, sales figures for pizza delivery firm Domino’s showed an increase of 15 % in Jan, traditionally the slowest month in the restaurant trade. McDonald’s have reported an increase in sales of 7.6 % in the final quarter of 2008, regardless of the credit crunch. Sandwich chain train has articulated plans to open six hundred new stores in the UK and ireland, creating seven thousand roles, and fried chicken chain KFC is planning to invest up to £150m in opening up to 300 more restaurants, with nine thousand new jobs. It is certainly no coincidence that the above mentioned businesses are run as restaurant franchises. A successful restaurant franchise replies to the requirements of its intended core client base – which is centred on very busy people busy, up early in the morning, wanting a hurried lunch, hunting for an afternoon lift or a snack at the end of the day.
Ken Hollowell, President/CEO of Profran experts has been consulting and developing franchises in over seventy industries for the past thirty plus years. Mr. Hollowell has lectured for the FTC, SCORE, SBA and lots of other setups all over the world . He lately lectured in the Philippines to several dozen franchisor owners needing to bring their corporations to the united states. To find out how your business could be franchised CLICK HERE
Why is cafe franchising such a good business opportunity? A recognised brand will right away attract buyers into your business. A good restaurant franchise provides practical solutions for its franchisees, ranging from site selection and development processes to ongoing new release coaching. Training and support groups will deliver the information and tools that help to push their franchisees’ business. Essentially, the major difference between a good restaurant franchise and running your own business is the great support structure joined with the benefit of a prepared and well-known trading name.
Profran Consutlants has assisted hundreds of business enter into the franchise arena. Franchising today is yielding over $2 Trillion to US Economy and still growing. Over 6,000 franchisors are offering franchise business opportunities in the United States. If you believe your business can be franchised, contact Profran Consultants and allow them to evaluate your business concept, project or existing business. Profran Consultants provides one hour of free consultation usually over the telephone.
About the Author
Ken Hollowell, President/CEO of Profran Consultants has over 30 years been consulting with companies wanting to become a franchisor and develop a franchise system. Ken Hollowell has developed over 800 franchise business throughout the world. He is one of the most sought after franchise consultants in the USA. In addition to the franchise development work, Ken prepares private placement offering for companies needing to raise funds for their projects or companies. Ken can be contacted at www.pro