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8 Ways Low-Cost Franchise Owners Can Maximize Their Earning Potential
Have you ever wanted to be your own boss and get away from the daily grind? Running a franchise is one of the best ways to do that. Franchises come in all shapes and sizes, so set your sights on what you can afford and choose wisely.
One of the greatest ways is to start a Pretzelmaker franchise. Everyone loves our pretzels, and our franchise is recognized by our inclusion in the Entrepreneur Magazine’s Top 500 Franchises. Here are eight ways you can maximize earning potential with a low-cost franchise:
Topics of Discussion
- Location Choice
- Make Sure You Have Enough Capital
- Follow the Guidelines
- Keep Costs Under Control
- Minimize How Much You Draw From the Business
1. Choose your location carefully because you want to be in a place where there’s a lot of foot traffic. Make sure you negotiate a good lease, and walk away if the asking price is too high. This helps keep your fixed costs low and facilitates good cash flow as you build up your business. The key is to be reasonable.
2. Building up any business takes time, so you want to be sure you have sufficient cash available to tide you over. Carefully estimate how much money you will need, and don’t forget to allow for unforeseen expenses. If you run short, you may find it difficult to raise more cash. It’s best to have as much money saved as possible, because this will reduce what you have to borrow with a loan. Always shop around for the best rates.
3. We want you and your business to thrive, and to help you, we provide comprehensive guidelines on how to start your own Pretzelmaker low-cost franchise. These guidelines have been carefully developed over long experience and help you understand what it takes to own a franchise.
Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.
