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Posted by JT in Articles on 21.11.2008 4:08:35 pm | 103 views
It is becoming noticeable that potential new franchisees are becoming far more discerning in their search for an appropriate business franchise in which to invest. Questions around re-sale value and protected territories are becoming far more relevant to potential buyers and it is almost certainly being driven by the current economy and fragile job market. The necessary investment to enter into franchisisng has traditionally come from either a windfall or bequest of some kind or more usually through the support of a bank. The bank option is becoming harder and harder to secure resulting in more private investment being needed. Consequently, those who are investing in a franchise are seeking greater reassurances from the franchisor relating to security of territory, training and support, will the business have a value - "what will be my exit strategy"? Anyone contemplating entering franchisisng should be prepared to ask the added value questions and don't restrict yourself to one market sector. If you are considering food retail, look at several similar options such as food suuply, delivery, production etc. If you feel a pet franchise is right for you, look at all the options that surround that market place. Take a good look at what the market has to offer and consider your transferable skills