2006-09-12 16:06:14 · 7 answers · asked by MCNY 1 in Business & Finance ➔ Small Business
It is all about location, location, location.
So do your homework and do it well and even when you do, **** happens.
However, good luck.
2006-09-12 16:07:55 · answer #1 · answered by Notorious 4 · 0⤊ 0⤋
Well the Location thing is important, but, they will find that. What you need is CASH!!! These franchises do not just put a building anywhere. They research their market and plan! BUT, if you have the money, they can find you a Location! That how it works, plain, simple. Heck, they even provide the Management. The Owner just sit back and watch the show. Just contact them about this, they will explain the game.
http://www.franchising.com/pizzahut/
Commitment. Capital. Capability.
While Yum! franchising is a fantastic opportunity for many, it may not be for everyone. We’re looking for entrepreneurs with the aptitude to build a business. In fact, we are looking for a three-store commitment over a three-year period. If you’re one of these people, have a look at the following criteria to see if Yum! is right for you:
Do you have capital to grow?
Personal Net Worth of $1mm
Liquidity of $360m
Endorsed financial plan for future development
Do you have a passion for operations?
Quick-service restaurants are a “hands-on” business
A passion for Customer Mania is critical
Foodservice experience (you or your partners) is a must
Are you committed to building people capability?
A commitment to management and team training
An infrastructure that supports rapid growth
2006-09-12 23:18:27 · answer #2 · answered by Snaglefritz 7 · 0⤊ 0⤋
It depends on the location of the business.
2006-09-12 23:15:40 · answer #3 · answered by Rachel 4 · 0⤊ 0⤋
YES IF YOU HAVE A NET WORTH OF OPVER $750,000.00 AND LIQUID CASH OF HALF A MIL YOU CAN GET IN THE GAME TOO .
2006-09-12 23:34:10 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes but it takes some serious cash to start.
2006-09-12 23:10:57 · answer #5 · answered by booboo 7 · 0⤊ 0⤋
Yes, definitely good, since you don't have to earn a name and product. it's already that famous. You just just have to watch your profits coming.
Good luck.
2006-09-12 23:08:57 · answer #6 · answered by Sheepish TinTin 3 · 0⤊ 0⤋
answer..three words.... Location location location
2006-09-12 23:09:03 · answer #7 · answered by USMCstingray 7 · 0⤊ 0⤋