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| Beat the odds: Buy a franchise! |
| In a recent study, the United States Chamber of Commerce found that 86% of franchises opened within the last five years were still under the same ownership and 97% of them were still open for business. |
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YOUR DREAMS ACHIEVED
With low start-up costs and below average royalty fees, you’ll be your own boss in record time! |
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The Franchise Appeal
If you’re like most entrepreneurial spirits, you’re eager to start and operate your own business. Yet, the risk of starting a new business is significant, with nearly 30% failing within the first year. Conversely, the U.S. Department of Consumer Affairs reported that less than five percent of franchises fail. The appeal of becoming a franchisee, thus, is staggering. Franchise businesses account for about 50% of all retail sales in the United States and employ more than 14 million Americans. For the ambitious type, it’s an ideal path to financial independence and business ownership without the preliminary legwork (registering the business, becoming incorporated, taxes, developing the business plan, etc.). Instead, you join a company with an existing business plan and model, exceptional training and support, an established brand and volume purchasing power. It offers a measure of security that makes most franchisers successful. |
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Heed the Call
Yet, not all people are equally suited for this type of undertaking. Becoming a franchise is not for the shy or timid. Like most entrepreneurs, you need self-confidence and the willingness to take a risk. Franchisers should also have an emotional bent toward running a business and the ability to work with diverse, and sometimes difficult, people. |
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| Before you sign the dotted line, evaluate your own personal strengths and weaknesses based on the personality traits below: |
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You’re a people person. |
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You can occasionally play the bad guy. |
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You’re comfortable asking for help. |
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You’re ready to put in long hours. |
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You believe in the company/product. |
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You have realistic expectations. |
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| If becoming a franchisee excites you and matches your personality type, Submarine House Bar & Grill would be a sound and profitable business to invest in! With low start-up costs and below average royalty fees, you’ll be your own boss in record time! |
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