Starting a Cabela Retail Franchise

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					Starting a Cabela Retail Franchise
Cabala is a very famous store that caters to people who love the
outdoors. Before you think about starting a retail store you must
consider these things.
1. Is there a need for a Cabela franchise in your local community? You do
not want to open a retail franchise in an area where it will not be
profitable. You should go out and interview people and see if they know
what type of merchandise they carry and if they would shop at the story
that you are thinking of starting. Market research is crucial to knowing
where to think about starting a Cabela retail franchise.
2. Evaluate how much knowledge you have of Cabela products. You need to
have prior knowledge of the products that you will sell before you think
about starting a retail store. These are some of the products that their
franchise would carry: archery equipment, hunting equipment, ATV
accessories, camping equipment, shooting gear, hunting dog accessories,
clothing, fishing equipment, and boating equipment.
3. Compile a list of states that do not have a Cabela's if one of their
retail franchises is not needed in your area. This would require moving
to another state but if you are really serious about your idea, then it
is well worth the sacrifice in the long run. Here are examples of states
where there are no franchises: Tennessee, Virginia, North Carolina, South
Carolina, Alaska, New Mexico, New Hampshire, and Oregon. These states all
have consumers who could need a retail franchise in their state because
many people love the outdoors. Many people who love the outdoors do not
want to order everything they need online, they want to be able to see
and touch the items that they need before they purchase them.
4. Assess your financial situation. In order to start a franchise you
need start up capital and usually that requires a business loan. You need
to know if you have good enough credit to secure a business loan. You
also need to examine how this franchise would affect your household's
finances.
5. Find potential investors or partners to help fund your franchise. This
will help alleviate some of the financial burden on you. It also helps
you if you cannot secure a large enough business loan to give you the
necessary startup capital that is necessary.
6. Before you ask for a business loan, see how much the entire start up
of a franchise in the location that you have chosen will cost. This will
allow you to properly budget and ask for the correct amount of money from
the bank.
Cabela's have been around since 1961. The company is even listed on the
New York Stock Exchange and in 2006 sent out over 135 million catalogs to
consumers. In the second quarter of 2008 their total revenue was 526
million dollars which is an increase of 16.6 %. If you decide to start a
retail franchise and find the perfect location, necessary startup
capital, and skilled and knowledgeable employees, then you will have a
recipe for a profitable business. And remember, franchising is the best
kept secret of the 21st Century!
JD Files is an accomplished website developer and author. To learn more
about Women Franchise Opportunities visit Home Based Franchises for
current articles and discussions.

				
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posted:10/12/2010
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