Quick Start Franchise
Quick Start Franchise
A franchise is simply a business where a tried and tested format is applied to Quick Start Franchise businesses in each territory. All the guidelines for managing the business are clearly set down in a manual. The owner of the franchise business will be expected to follow all the procedures laid down in the manual
When you start a franchise business, you have to pay an upfront franchise fee. This will then give you the right to use the brand name of the franchiser and his confidential business system and know how.
You will also have to pay the franchiser a monthly royalty payment. This payment is needed by the franchiser to ensure that you have ongoing support and assistance when required.
The franchiser will guide you in choosing the right location, train you in the operation of your Quick Start Franchise business, help you in the marketing of your business and assist you in overcoming any issues that may arise.
Franchising is much safer then starting your own business. The choice of location, how to market, where to buy supplies and accounting procedures are all laid down exactly. All you have to do is to follow procedure and the chances are that you will have a successful business.
According to the US Department of Commerce, after completing a 7 year study, over 90% of franchises are still trading profitably.
When people choose to go it alone, 80% of business start ups fail within 5 years. This is because they are entering a market where their business knowledge is usually poor, although their product knowledge might be good. All their experience comes from trial and error, and the banks are quick to pull the plug if cash flow projections are not met.
The limitations to a franchise are that you will not be able to deviate from procedures. You will have to buy from predetermined suppliers and use the computer systems and Quick software that has been chosen by the franchiser. You will also be limited to where you can operate the business as the franchiser will not allow you to endanger his reputation, in a location, where he believes that there is little Start chance of success.
This can be extremely difficult for an entrepreneur who likes to “be his / her own boss”.
All in all, what you are entering into is a partnership, whereby it is in both parties interest for you to succeed.
Coffee franchise outlets are more likely to be more successful than self started small coffee businesses. This is the reason why many entrepreneurs consider purchasing a coffee franchise when they want to start a coffee business. If you are considering the idea of purchasing a coffee franchise, it will be necessary that you equip yourself with important coffee franchising information. The following are some tips on how you can operate a successful coffee franchise outlet:
Learn from other Quick coffee business outlets. If you want your coffee franchise outlet to be successful, it will be very valuable if you learn from successful and popular coffee business outlets in your area. Visit some of the recognized coffee franchise shops as a customer. Observe the products and how different coffee shops offer their service to their customers. This will give you an idea how you can manage and operate a coffee franchise outlet that will be as popular and as successful as the well-known coffee franchise shops that you have visited. It is also a good idea if you can take note of the shortcomings of these coffee business outlets. If you have gone to a coffee outlet, for example, which took so long to get your orders because they have limited staff, know that the number of workers will also be crucial in the success of your business. Learn from other Quick Start Franchise coffee businesses and you will more likely be successful in operating a coffee franchise outlet.
Choose the right location that is best for your franchise coffee shops. The location is a crucial factor that can affect the success of your coffee shop. Regardless that your coffee shop offers the best tasting coffees and the best ambiance for a coffee shop but you are located in a poorly selected location for a coffee shop outlet, you will more likely have difficulty making large profits. While you can be advised by your franchisor on where it is best to start your coffee espresso franchise, it is best that you have some know how in choosing the best location for a coffee business. It is important that you choose an area whose majority of people are social coffee drinkers and one that has a high traffic to make your Quick Start Franchise coffee business easily visible to prospective customers.
