How to Compare One Coffee Franchise to Others by davidkurniawan


									How to Compare One Coffee Franchise to Others

A coffee franchise in most areas is a solid business decision. The
complication often arises when deciding on one coffee franchise over its
many worthy competitors. There are many franchises on the market that
offer coffee as a primary source of revenue. Consider some of the
following things when deciding which coffee franchise is the best one to
meet your needs while promising the most solid financial future for your
business needs.

Start up fees. Different coffee franchises will have different
requirements for building space, design, décor, equipment, inventory, and
other associated fees in order to begin your business. Make a list of all
the franchises you are interested in purchasing, the fees involved in
starting the business, and what is included in those fees as well as what
other money you may need to come up with on the front end of your
business venture.

Financing. Many coffee franchises have resources to help those who wish
to buy into the franchise find financing. Some do not however. If there
are opportunities for financing within the franchise this is a plus to
many would be franchise owners while others prefer to come up with their
own financing. Some franchises also require those who buy into the
franchise to have a certain amount of money to invest in addition to any
financing. You need to hammer out all the fine print and financial
details before making any decisions or property purchases.

Franchise fees. Every franchise has fees associated with buying into the
franchise. In essence you are 'renting' the name of the parent company in
order to run your business. Each franchise will have certain requirements
of those who buy into the franchise by means of monthly fees, advertising
contributions, required inventory, and other requirements that may not
exactly be financial (among these are uniforms, store policies, and
procedures for paperwork). Understand before buying into a coffee
franchise exactly how much the franchise fees will be each year (or what
percentage of your revenue will be required) and what those fees buy you
as the franchise owner.

Training/Support. This is the final of the major considerations you need
to check when comparing one coffee franchise with others. A company that
offers a true partnership and extensive training and support to franchise
owners is worth its weight in gold. You need to find out how much
training and support are offered, how they are offered, when they are
offered, and what this will mean to you as a franchise owner. A company
that offers virtually unlimited training to help you get business up and
running is worth more money and higher fees than those that leave you to
tread water until you sink or swim.

Consider each of these things when comparing coffee franchises for
purchase. Decide which issues are most important to you and which
franchise opportunity is most likely to offer all the things you are
looking for your investment. That will be the best possible choice though
you might want to keep a top 3 list in case something falls through in
the process.

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