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Long time visitor of City-Data, first time poster. I am interested in becoming a business owner of some sort but am having a difficult time deciding what avenue to pursue. I am possibly interested in opening up a franchise but could use some suggestions as to possible franchises (in demand) and possible locations within the great state of NC. I understand that it is a bit of an odd question to ask but I am looking for any suggestions from the City-Data community. Please help!!!
Long time visitor of City-Data, first time poster. I am interested in becoming a business owner of some sort but am having a difficult time deciding what avenue to pursue. I am possibly interested in opening up a franchise but could use some suggestions as to possible franchises (in demand) and possible locations within the great state of NC. I understand that it is a bit of an odd question to ask but I am looking for any suggestions from the City-Data community. Please help!!!
There are not enough Jimmy John's Sandwich shops in NC. And the few that are here are only in the larger cities.
These are really good sandwiches, 10 times better than Subway - give that franchise some consideration for sure!
Chick-Fil-A seems to be the current franchise of discussion.
If it were me, I would look at some local businesses and think about franchising a mom & pops place. Kind of like Biscuitville has done. That is how many franchises start. I would rather be on the ground floor than spending upwards of $1 million for franchise rights for a place like Mickey D's.
If you are stuck on pre-existing chains, I would look at
White Castles
Pot Belly
Noodles & Company
Domino's. Every one I have been to in NC seems to be off the chain.
I am interested in becoming a business owner of some sort
but am having a difficult time deciding what ...Please help!!!
OK. Limit your choices to those business that you already have successful experience in, some skill doing (well)
and that you actually like. In short, choose something that you could succeed in even without the "training" and "systems" that the franchise concept is intended to make up for.
Then think real hard about whether you really want to smell like a french fry when you come home at night..
Chick-Fil-A's tend to stay busy, but if you open one you must be dedicated to your restaurant and nothing else. Owners (only 1 franchise allowed) must not have any other business ventures.
Thank you so so much, all the comments are very helpful. which area in NC are good to open a franchise, I had 7 eleven in mind but dont know much abt it, any comments on that would be highly appreciated!! thanks
Franchises are for people who don't have enough background in (whatever) to operate a business on their own. You will pay dearly for the assistance (which varies greatly ) you get from the franchises. If you MUST go the franchise route rather than creating something new, pay attention to what the contract says about exclusivity and distance from other outlets. There was a guy in LA who paid a lot of money to open a 7-11 on Little Santa Monica Blvd and two years after he opened 7-11 approved another franchise within two blocks of his but with better visibility to the traffic and he was screwed...
White Castle and Potbelly's are credited responses.
Keep in mind there are a LOT of Northerners down here who miss their local pizza places and bagel shops back home. Down here pizza and bagels seem to be limited to Papa John's, Einstein's, etc, all of which get boring after awhile. Maybe try to find a popular pizza or bagel chain up north that seems to be limited in supply down here.
If you have not operated a business with a dozen employees before, I would not suggest franchising a restaurant. Employees bring a lot of drama into a business. Their family life, their health, their interaction with each other, as well as their work ethic and trustworthiness.
Start with something less manpower intensive, like storage units or a laundrycoin. Get a sense of what it's like to go through permitting, handle maintenance issues, face the public and manage cash flow.
- Limited staff to deal with
- Better hours than a Restaurant
- Much less overhead as well
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