Why The Best Franchise Opportunities Aren’t Always A Good Fit
What some consider to be the “best franchise opportunities” aren’t always what they seem.
Entrepreneurs often make the mistake of assuming that the biggest franchise businesses offer the largest and quickest payback. But in reality, there are many factors at play.
It’s important to keep in mind that, just because you see a brand that has several locations all over the country, that doesn’t mean the business is a good fit for you. In fact, it also doesn’t mean that the individual business owners running those franchises are having success at all.
Far too often, the best franchise opportunities turn out to be much different than what you would expect – especially if you don’t do your homework beforehand. Here are a few things that entrepreneurs are surprised to discover about the businesses they thought were foolproof.
Harsh Realities of the “Best” Franchise Opportunities
– Exorbitant Fees, Start-Up & Operating Costs
The largest franchises require you to have serious liquid capital to even be considered as a contender. Several of the most recognized brands require between $500,000 to $1,000,000 just to get the business off the ground – not including the ongoing operating costs. Some of these franchisors are also looking only for entrepreneurs who have the assets to launch multiple locations at once. If you don’t have that kind of money, then you’re out of luck.
– Limited Support from the Franchisor
What seem like the best franchise opportunities are often dead ends for inexperienced entrepreneurs. Some of the most well-known names in the franchise world are notorious for their lack of support for business owners. That means you get little to no training, limited access to marketing resources and simply no one to offer the guidance you need to be successful.
– Too Much Competition
Let’s face it. The big-name franchisors are happy to make a sale to a franchisee, because that means thousands of dollars for the company (via franchise fees and other start-up costs). Even when there is tough competition in the area where you plan to open for business, some franchisors allow you to proceed with the plans anyway. Granted, they don’t want your business to fail. But they will take your money, knowing that you’ll have to work twice as hard to beat competing businesses. And if you do fail, they’ll likely find another owner to fill your shoes once you’re gone.
– Full-Time Work
If you think the best franchise opportunities (Learn More) run by themselves, think again. The big fast food businesses and chain restaurants require owners to be very hands-on. That means you’ll not only be doing the accounting, marketing, training and management – but also working the grill and the cash register. There is nothing wrong with this if that’s what you’re looking for. However, it’s not every entrepreneur’s vision of the “American dream.”
Healthy Vending: Truly the Best Franchise Opportunities
HUMAN Healthy Vending has created the most profitable vending opportunity in vending today. We are single-handedly revamping the vending industry with fresh, healthy foods, drinks and snacks. In the process, our independent vending operators are earning the biggest profits in the industry – while running a simple, highly scalable and infinitely rewarding business.
Contact us today to learn more and discover why HUMAN is considered to be one of the best franchise opportunities available today.