Franchises may be recession proof
Fast food is doing well out of the recession, as people abandon expensive dining in favour of cheaper options
If you want to set up in the fastfood or coffee shop business, getting in with a franchise is certainly easier than setting up alone.
Many well-known High Street names are franchises, so you start with the benefit of a known brand. Location is vital for success, so look for franchisors who help you to choose a good site.
‘We retain a property agent who is continually looking for suitable sites in towns and cities, where there is good footfall,’ says Robin Stenhouse of Baguette Express, the franchised fast-food chain that is looking for more franchisees with £75,000 to £115,000 to invest.
‘We can sometimes obtain rental discounts and rent-free periods,’ says Mr Stenhouse.
You do not need experience of the food industry for most fast-food franchises, but you will need good commercial skills.
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