Widespread job losses combined with strong regional demographics have turned metro Denver into a popular spot for franchises.
But even though many people who’ve lost their jobs want to go into business for themselves, getting financing remains a challenge.
As a result, some franchise companies are making special offers to lure franchisees, and many landlords are negotiating more favorable lease rates to attract tenants.
“When the economy lags, franchising sees an increase in the number of people becoming franchisees,” said Corey Bowman, vice president of franchise development for The Pita Pit, a Coeur d’Alene, Idaho-based quick-service restaurant chain that is expanding in the Denver area. “People who were working and got laid off have a sour taste in their mouths and don’t want to work for somebody else.” More.
