Apr 11 2011, 03:24 PM
QUOTE(ah_suknat @ Apr 10 2011, 09:32 PM)
things will get snowballed "easily" when you have multiple stores. you wont get a lot of earnings just depends on one store. most people use the profit they earn from one store to get 2 stores, then from 2 stores to 4 stores then only start earning big bucks. its a long term investments.
so now you can cash to open 1 store, 2 years later you earn back your some of your investments plus now you can get business loans to get your second stores. another 2 years, you get more money from your 2 stores and get more loans to open 2 more stores. now you have 4 stores with in 5 years. then you can goyang kaki...lol
that is true....but the way the other guy said was to open two to three at same time....which isn't productive in the short run....so now you can cash to open 1 store, 2 years later you earn back your some of your investments plus now you can get business loans to get your second stores. another 2 years, you get more money from your 2 stores and get more loans to open 2 more stores. now you have 4 stores with in 5 years. then you can goyang kaki...lol
franchise are profitable but wouldn't be much more profitable than opening your own brand...but then it has less risks...
However, it does have lots of rules and regulation that you've to follow....
for example...when HQ decide to change restaurant layout or uniforms....all must follow...so there'll be some extra costs there...
but if you open the restaurant at a good place...the gain would surely cover the costs....and maybe after that...
you can try opening your own brand or place....
in conclusion, it's a good business to start with...
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