Wednesday, December 3, 2014

Franchising

         So this weeks lessons have been all about franchising, something that has been on my mind a lot lately. I have been looking at a lot of franchises lately to see what might be a good fit for a hands off investor and have learned a lot about the process. I am surprised at the number of businesses I have never even heard of before that have franchise opportunities available. Business that I would have previously thought were either too small or had too small a market, or were too much of a niche market to even spread out, have franchise opportunities available and some of them at a wicked premium. Perhaps the market for some of these is much broader than I had imagined. I was surprised to find recently that popular places like Chik Fil A, have relatively inexpensive franchise opportunities but they are very demeaning in their scope they demand that the franchise be very hands on and not use the business as an investment in any way. As a matter of fact they want the franchisee to only service them and have no other franchises in their portfolio. Not bad though for the opportunities they provide and the name they bring to the table. Still an attractive proposal but I don't think it is really for me. I don't really want to be in the restaurant business myself, just make money from it. :D

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