{"id":2588,"date":"2021-08-02T19:12:11","date_gmt":"2021-08-02T17:12:11","guid":{"rendered":"https:\/\/www.franchise.biz\/?p=2588"},"modified":"2021-11-16T13:53:47","modified_gmt":"2021-11-16T12:53:47","slug":"how-to-find-your-franchise-location","status":"publish","type":"post","link":"https:\/\/www.franchise.biz\/de\/news\/how-to-find-your-franchise-location\/","title":{"rendered":"How to find your franchise location"},"content":{"rendered":"
As a new franchise partner, your first step is finding the most suitable place to run your business, for you and your chosen brand. <\/span>When this vital search phase is launched, there are all kinds of things to consider in order to plan for success. <\/span><\/p>\n The FRANCHISE<\/span>BIZ<\/span><\/strong><\/span><\/span> team w<\/span>orks with premium global brands and proven high performing business models throughout multiple, varied markets. <\/span><\/p>\n Using this valuable experience, we have identified 4<\/span> guiding principles<\/strong> that can help <\/span>when you start searching for a location :<\/span><\/p>\n <\/p>\n \u00a0 \u00a0 \u00a0 \u00a0Physically immer<\/span><\/span><\/b>se yourself in the\u00a0target\u00a0area<\/span>\u00a0<\/strong>\u00a0<\/span><\/p>\n <\/p>\n You may already be very familiar with the neighbourhood or street you are targeting but remember retail is always in motion. It is worth keeping a regular eye on the area to see how it is evolving over time. Visiting and spending time there makes certain you understand footfall, consumer dynamics and how potential customers behave.\u00a0 <\/span>\u00a0<\/span><\/p>\n <\/p>\n \u00a0 \u00a0 \u00a0 \u00a0Be careful when <\/span>exploring vacant locations<\/span><\/strong><\/p>\n <\/p>\n It is natural that you will find vacant sites and receive calls from brokers offering you available locations that they may have on their books. To secure the profitability of your business, tread carefully.\u202fIt is worth asking yourself why these pitches are available and whether they have sat vacant for some time. A space with a rent that seems low will be hard to refuse, but what is cheap is often cheap for a reason. Be realistic and remember the best sites are often worth paying for and rarely become available.<\/span>\u00a0<\/span><\/p>\n <\/p>\n \u00a0 \u00a0 \u00a0 \u00a0Be methodical <\/span><\/span>and take<\/span>\u00a0time to evaluate the sites you visit\u00a0<\/span><\/span><\/strong><\/span><\/p>\n At some points and when we are in active research, we risk being quicly exceeded by second-rate opportunites or missed some that do not necessarly appear interesting at first sight. For avoiding this, the creation and use of suitable tools to compare and present opportunities to your future franchisor, are some key learnings that our consultants share here. You should :<\/span><\/p>\n <\/p>\n \u00a0 \u00a0 \u00a0 \u00a0Once you have found the right opportunity, be ready to secure your location<\/span><\/span><\/strong><\/span><\/p>\n <\/p>\n When an opportunity presents itself, be ready to take it! <\/span><\/p>\n <\/p>\n At FRANCHISE<\/span>BIZ<\/span><\/strong><\/span><\/span><\/span><\/span>, we have over\u00a0<\/span><\/span>40 years\u2019 experience\u00a0<\/span><\/span>and we love to help franchisors plan for success. If you need more advice and ideas on how to source locations or just want to bounce ideas off an experienced franchise expert, then we are always open to a chat.<\/span><\/span>\u00a0<\/span><\/span><\/p>\n <\/p>\n\n
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