The coffee van franchise explained in a recent blog post exactly why, even during the ongoing cost of living crisis, starting a franchise remains a great option.
In the words of Cafe2U, “Many people are experiencing financial worries [as a result of this crisis] and, if you're one of them, launching a business is probably the last thing on your mind. However, if you've ever considered joining the franchise industry, here are a few reasons why doing so today could actually be a smart idea.” The coffee van franchise then went on to detail the six biggest reasons to become a franchisee in 2022:
1. It’s a reliable business model - As a franchisee, you’ll operate under a proven model, working with an established brand’s existing customer base. This makes a franchise investment low-cost and potentially very lucrative, “two of the most desirable characteristics a new business venture can possibly have” during a cost of living crisis.
2. You receive expert training and support from your franchisor - If you invest in a franchise, rather than starting your own business from scratch, you will receive extensive training and support from your franchisor, getting you off to a great start and setting you up for long-term success.
3. It’s easier to get funding - Franchising is considered by most funding bodies to be a less risky route into business ownership, meaning that as long as you have a robust business plan and a recognised, trusted name behind you, receiving funding assistance for your franchise venture should be straightforward and very much possible.
4. There’s less competition - There are fewer people investing in the current climate, unlike when the economy is booming. This means that if you believe now is the right time for you to invest, there’ll be less competition in the space with you (increasing your chances of succeeding in your chosen industry).
5. Consumers aren’t going anywhere - Even in crisis situations, some services and products are essential and will continue to generate revenue. In the words of Cafe2U, “As long as you do your research and pick a franchise that operates in an industry which consumers regard as essential, there will be a guaranteed market for you to tap into.”
6. You’re motivated - “If the cost of living crisis is negatively impacting you, you'll naturally be more careful with your money and investments so, if you decide now is the time to buy a franchise, you'll have an incentive and be even more motivated to make sure it's a success.”
To find out more about the coffee van franchise’s growing network, visit Cafe2U’s profile page (linked above).
Lily Sweeney, Point Franchise ©
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