The number of franchisees opening to help safeguard their children in the future has increased in the past few years according to research done by FranNet, a franchise research and consultant company. But Ahwatukee Foothills franchisees say it was a combination of that mixed with just good business sense.
“The main reason for us is it was kind of a hedge against the mortgage market,” said Rex Duffin, part owner of four Jamba Juice franchises, including ones in Gilbert, Mesa and Chandler. “Our main business is in the mortgage market. This last four or five years we’ve seen that come to fruition as far as the mortgage market being thrown on its heels.”
Duffin said when they were searching for a franchise to open they wanted some place their kids could work as they got older, but also a place that was going to make them money. Read on…