The Tennessean:
Want to open your own fast-food restaurant as a franchisee? Be prepared; it may be tough to get a loan even as the idea of acting as one’s own boss gains favor among the working class as layoffs and an uncertain job market linger.
“People lose their jobs and then have a sour taste in their mouth about working for someone else,” said Corey Bowman, vice president of franchise development for Pita Pit USA, a fast-food company with one restaurant in downtown Nashville but many others around the country.
“The concept for franchising has been very appealing because it’s an opportunity for them to become their own boss and control their own destiny,” Bowman said.
The catch is that it may be difficult to secure capital to start a business, and it may be doubly hard for novice owners to build up a strong clientele in such challenging times for consumer sales, analysts said. Continue reading this post.
