There are numerous rumors about cheap franchise opportunities that can either entice people or drive them away. Below, we have gathered some advice that franchisers wish they would’ve known before joining Great American Cookies. Some of their advice is positive and others share a fair warning that it won’t always be a walk in the park. Here is what they have to say:
1. Cheap Franchise Opportunities Are Hard Work
Running a low cost franchise is harder than just buying a company name and waiting for the money to roll in. As the owner of a Great American Cookies Franchise, you must be prepared for hard work and long hours.
2. Always Accountable to Someone Else
Even in a lower cost franchise opportunity you are expected to adhere to the guidelines of the brand. This can be a tremendous benefit or a detriment depending on the franchise you invest in.
3. Be Patient About Costs
The investment might not pay off immediately in any franchise, even a cheap franchise opportunity like those offered by Great American Cookies. Be patient.
4. A Set Number of Years
Most franchises expect you to work under their name for a set number of years or a “term”. This will be explained more in the franchise agreement.
5. Don’t Own Your Business
Remember that with a franchise opportunity you apart of a brand. This takes away a lot of the marketing work and it also takes away some of the stresses of starting your own business.
6. Shopping Centers Have Some Control
Some shopping centers may choose to not renew your lease for your original cost when your term has ended. Economic factors play a major factor in this.
7. You Don’t Have Control Over Territory
Always check to see your designated trade area within the franchise agreement.
8. No Experience Necessary
Unlike other entrepreneurial chances, you can join a franchise without prior experience.
9. Great Opportunity for a Fresh Start
Been in your career too long? A franchise opportunity is a great chance to start over doing something you love.
10. Investment Opportunity
A different alternative than testing the stock market!
Join our franchise. Contact Great American Cookies today for information.