Restaurant Franchise Opportunity

Sunday, March 21, 2010

Is This a Good Time to Buy a Retail Or Restaurant Franchise?

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Well here we are in the middle, perhaps even the bottom of the business cycle. Yes, we call that a recession and some likened this recession to more like a depression and whether or not that is so is something economists and political pundits maybe arguing for years to come.

Nevertheless, here in the franchising industry we are not without our share of ups and downs, and while we generally fair better than most of the moms and pops out there, our franchisees and franchise systems still take some torpedoes during downturns in the market place.

Many who are laid off are wondering if now is a good time to get into their own business, a franchise business opportunity? Here are some thoughts on the matter from a retired franchisor, yes that's me.

In my many years in franchising I'd been through the ups and downs in the marketplace, we always managed in the down times and actually made some good headway against the competition, and during the uptimes, well, it felt like a rocket ship sometimes.

So, back to your question; "Is This a Good Time to Buy a Retail or Restaurant Franchise?" Well, think about this for a second.

It takes a while from the time you buy a franchise until you actually open it. So, if that time period is 6-8 months and you expect a rebound in the economy by then, well, I guess you are answering your own question here.

Meanwhile your competition is running dangerously low on cash flow and will be extremely weak as you enter the market and ride the up-cycle in the economy. So, please consider this.

"Lance Winslow" - Franchising Resource. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/.

Article Source: http://EzineArticles.com/?expert=Lance_Winslow

Labels: buy a franchise opportunity, franchise opportunity, restaurant franchise opportunity