Learn Tips from Experts:
- Pros & Cons of Franchising
- What Questions to Ask
- How to Find Your Franchise Fit
- Value of a Support Network
What new business owner isn’t looking forward to that special day – The Grand Opening? It is day is full of festivity – the ribbon cutting, the crowds, the realization of your dream. Getting there takes curiosity, determination, and a steely resolve to find the best location for your business at the best price.
Location, Location, Location
Sure, it’s cliché, but when it comes to finding the right spot for your business, location is cardinal. Why? Because it doesn’t matter how good your product is if customers can’t find you.
Fortunately, for new franchisees, the franchisor often has done the heavy lifting when it comes to site selection. Good franchisors have strict criteria for locating a new business. That criteria takes into account past experience; an understanding of the customer base; area demographics, and lease negotiations. Franchisors may also require that franchisees ...
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