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Is it a better business investment to own your own sportsbar/grille or franchise with an existing company? |
My friends and I are thinking of opening a sports bar/grille. We are looking into whether it is better to open our "own" original place or go into a franchise with an already know company. Aside from having the name that a franchise allows you, and their steady stream of customers, you are far better off to do it yourself in the long run. You have no forever royalty fees to pay and you have the freedom to run it your way and make changes your own way. The only reason to buy into a franchise, which is also very expensive, are the discounts in advertisement, supplies, etc. You can call it your own, but it's really just like working for someone else. |
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