About Retail franchises
Many of the world’s most recognizable brands are also retail franchises…McDonalds, Subway, Burger King, Dunkin Donuts, Domino’s Pizza, kfc, Costa Coffee…to name just a few. These franchises also have the highest investment level due to their brand recognition and national awareness. As the majority of retail trade comes from walk-in customers, the location of the franchise is extremely important. There is no point buying a retail franchise unless situated in a prominent location with high footfall. Retail franchisees may be required to initially undertake a hands-on approach in the business, working many long hours. As their business develops they may have the opportunity to expand and open more franchise locations i.e. become a multi-unit franchisee and move into a management position..