2007-08-16 07:32:38 · 21 answers · asked by brooklyn 1 in Business & Finance ➔ Small Business
If it's in a city, then a franchise, but if it was to be in a small close town I'd do independent.
2007-08-16 07:37:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In a small town you can get by being an independent but in a larger place a franchise generally does better. The franchise fees can be 5 to 8% of sales but you get instant name recognition and often the ability to buy products at prices for the entire franchise group so there are pluses and minuses for each way.
2007-08-16 07:39:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think it would be better if you could go independent just for the fact that the franchise would take most of your money for the first few years. You need to have some financial backing and please do your market research to find out if you are opening in the right area and there is a demand for your kind of service. Nothing worse than opening a new place in a market where it is already saturated with the same thing in that particular area. Most new businesses fold in the first year if they are going to fail so good luck to you.
2007-08-16 07:41:18 · answer #3 · answered by scottygirl 2 · 0⤊ 0⤋
Independent. Some franchises are very controlling. Some even state the hours and days that you have to work. If they are going to do that, why not just be a manager for one of their stores? You will do much better independently. You can create your own recipes, change your menu as needed, etc.
2007-08-16 07:39:43 · answer #4 · answered by Harleygirl 3 · 0⤊ 0⤋
Independently, because in order to open most franchises, you have to be worth at least $1 million in liquid assets (and that's if you can afford the fees just to set up the franchise). If you had $1 million, I'm sure you'd want to open something better than another Subway...
2007-08-16 07:41:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Independent= Some franchises after you pay start up fees will require you to pay a % of what you make back to them. Dont do this I speak from experience its a mony machine to the franchise and all they care about is $ in the end. I learned that customer servise is the best advertisment not the name recognition. And in the end the $ will come.
2007-08-16 07:41:08 · answer #6 · answered by bjg76522 2 · 0⤊ 0⤋
Independently - you can use whatever equipment and food you want to use. With a franchise, you have to use the food and equipment specified by the franchise headquarters.
2007-08-16 07:39:43 · answer #7 · answered by Pancake 7 · 0⤊ 0⤋
depends on location, competition, etc.
If there are a lot of large competitors around you may consider going independent and going quality over quantity, find a unique product and market it. If there isn't much else around consider going franchise, the brand will bring in a lot of customers right away.
2007-08-16 07:38:37 · answer #8 · answered by Danny N 4 · 1⤊ 0⤋
Operate independently at first, try to be as original as possible, see how it works. And if, at some point, I think I can afford to buy a franchize and believe it would really help my business, then I would consider doing so.
2007-08-16 07:38:04 · answer #9 · answered by Doolittle_212 2 · 0⤊ 0⤋
Independently. I would want the creative freedom to market my own products and serve my customers the way I want to run a business.
2007-08-16 07:37:13 · answer #10 · answered by kja63 7 · 0⤊ 0⤋