Franchise Ownership Is No Longer the American Dream
By Dane Carlson on May 24, 2012 in News
Bad news for the single unit franchisee. According to Forbes many franchisors have switched their preference to larger multi-unit franchisees:
For laid-off executives with a severance package, buying a franchise was once an obvious next
step. Rather than trying to figure out a business idea, you could buy into a big chain with a proven system and established brand name, rake in profits, and never have to report to a boss again.Unfortunately, it’s not so easy anymore.
Over the years, competition in many franchise sectors – particularly fast food – has intensified. Franchisors also discovered that taking anyone who could put up the franchise fee didn’t always work so well. In downturns, many of these one-unit, newbie franchisees went belly-up, leaving franchisors the difficult choice to either close units or operate more company stores.
Gradually, franchisors switched their preference to multi-unit operators.
Photo by FXQuadro/ShutterStock.
Business Opportunities Weblog editor and publisher Dane Carlson lives in the Sierra Nevada mountains of California, just 15 miles from Yosemite National Park. He accidentally became a professional blogger in 2001. He has added 12,203 posts to the site.
Another Idea: How to Start a Franchise Idea Center Business
Related Posts
- Look Out Chicago! The American Dream Of Business Ownership Is Coming To Town
- Shane's Rib Shack Removes Final Obstacle To Selling The American Dream With New Financing Program
- The New American Dream
- Houston, TX Catches The Maui Wowi Hawaiian Franchise Wave
- New Program Helps Women Business Owners Achieve The "New American Dream"
- Owning Small Business Not American Dream For Teens
- Service Businesses Top Prospect Within Franchise Industry
- eBay and ABC team for Dream Project
- Need Help Achieving Your Dream? Check out "American Dreamers Radio"
- Stratus Enables American Dream For Immigrant
Related Ideas
- Franchise Idea Center Business Ideas and Opportunities
- Franchise Consultant Business Ideas and Opportunities
- Franchise Owner Business Ideas and Opportunities
- Franchisee Business Ideas and Opportunities
- Step Business Ideas and Opportunities
- Assembly Work Business Ideas and Opportunities
- Home Entertainment System Business Ideas and Opportunities
- Video Production Company Business Ideas and Opportunities
- Art Photo Representative Business Ideas and Opportunities
- Stock Photo Business Ideas and Opportunities
Related Resources
- The Franchise Truth, Don't Buy A Franchise Until You Listen To This
- Software For Evaluating A Franchise - Payout 50% Of $349.95
- What You Must Know Before Investing In A Food Franchise
- My Partner In Profit Franchise
- How An 18 Year Old Turned $10 Into $3000.
- Expensive Franchising Legal Docs + Franchising Easy Made Guide
- Featured On Entrepreneur Magazine Radio.
- Straight Talk About Business Entities - How To Make The Right Choice
- 5 Step System To Building A Debt Negotiation Business
- Insider's Guide To Your Own Virtual Bookkeeping Business
Today's Posts
