Take A Good Look At Your Location Before Making Your Franchise Leap
Location, location, locationthat old real estate clich is just as appropriate when it comes to a business franchise. You may have fallen in love with a certain businessmaybe while you were on vacationand are now wondering how it will do in your hometown. Dont leave this to chance; the right location can make all the difference in the success or failure of your franchise. Make sure your location is right for your business by knowing the following factors.
Population in your area. Every business needs a certain level of population density to support itself. That Starbucks on the trendy corner in Seattle might do well because its in a location with over 100,000 people walking by every day. That doesnt mean itll do as well on a quieter corner in your small town of a few thousand people. Before buying into a food franchise opportunity, get in touch with a few owners in other areas. Find out what their surrounding population is, just to get a sense of what kind of population youll need to support your business.
Economic levels. Does your population have the income level to make your...
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