Skip to main content

Three Ideal Times to Consider Buying a Franchise

If your conundrum isn’t what type of franchise to buy but rather when to pull the trigger, realize that some moments are better than others when it comes to buying a franchise. Here are three to consider.

1. When You Get Laid Off

One morning you come into work and are dismayed to find out you've been laid off. You’re politely asked to leave the premises. All of a sudden, your world changes and you’re wondering what you're going to do next. Before you go into panic mode and start looking for the next dead-end job, think about the possibility of being your own boss.
Maybe getting laid off isn't so bad after all. It could allow you the opportunity to start a business that you will enjoy running and have more control over your life.

2. You're Frustrated With Your Existing Job

There can be a variety of reasons to be frustrated with your existing job. Maybe you hate your demanding boss who has no idea how to lead people. Your coworkers may encourage you stick with it because they don’t want to be left alone with the Worst Boss Ever, but you know deep down that working for such a horrible person isn't what you want to do with your life.
Or, maybe you’ve been doing the same work for the last 10 years and when you think about the next 10 years, you don’t want more of it.
The good news is that there is a better alternative to being a miserable employee: you can be your own boss and run your own franchise.

3. You Have the Funds to Buy a Franchise

Whether you've been laid off from your job or you're just frustrated with your existing job, having the funds to make a calculated move can be an exhilarating and liberating experience.
Start-up costs for franchises can vary from as little as 5 lakhs to 5 crores. Find a franchise that fits your budget and needs.
And if you don’t have quite enough for the franchise you want: getting funding for an established franchise with a proven track record can be much easier than trying to get funding for an unknown entity.
Owning a franchise allows you to be a small business owner and work for yourself while having a support staff and processes to provide help along the way. Unlike starting a brand-new business on your own, owning a franchise provides support so that even if you don't have a lot of experience in a given area, you can still get the help you need.
Hope you liked it. If you are looking for opening a new restaurant/cafe, looking chefs for your restaurant, wants to take a food franchise then SelectDine is the right platform. Call us or visit our website to know more.


Popular posts from this blog

How to Safeguard Franchise Fraud

The case of buying, owning, and operating a franchise can seem quite compelling: You, at least in a sense, own your own business, but you are not alone during the operation. The product or service has already been fully developed; it's simply up to you to offer the product or service on your own terms.
There are people out there offering fraudulent opportunities; and while you may think that it could never happen to you, fraudsters are getting more sophisticated in their methods of deception. What is Franchise Fraud?Common forms of franchise fraud include misleading and fraudulent sales practices used to entice prospective franchisees to purchase and invest in a franchise. Misleading sales tactics can come in many forms. One of the more common forms of fraud in the franchise arena is the making of false or misleading statements about projected financial performance. It is, in fact, unlawful for a franchiser to provide any representations of potential or actual financial performance…

Own Chai Sutta Bar in 15 lakhs

Chai Sutta Bar is a premium brand which is currently franchising in India. Chai Sutta Bar headquartered in Indore was established in 2016 and since then operates twenty-six outlets across India.Chai Sutta Bar has various types of outlets that you can open if you choose to invest, which includes both sit-down and quick service models.
The brand additionally offers operating manuals, expert guidance from head office, billing systems, and on-field assistance for the franchisee. Offering a high profit margin at a low investment cost along with excellent support, you can own a Chai Sutta Bar in 15 lakhs, should you choose to invest. To know more about this brand’s investment details, visit our website to know more.

Top Pos Features your restaurant must have

Evaluating and shopping for a new restaurant POS system can be a challenging experience for anyone. There are so many point of sale solutions on the market these days that you don't know where to begin. One thing is for sure; you don’t want to wait until the last minute to purchase your new POS system. You want to give yourself plenty of time to research and compare the functions and features of the different systems you’re considering buying. Also, it can take some time to get your system installed and for you to learn the POS software, so expect the process to take at least 3-4 weeks in general. When comparing point of sales system, you’ll want to make sure the system is the best fit for your restaurant concept. For instance, you might not want to purchase a POS dedicated for a small quick service cafe if you’re running a busy restaurant and bar. The two different systems may look the same with a touchscreen display, but the front of house and back of house software could be compl…