subject: Franchises That Grow In a Recession [print this page] Investing in your own business or in a franchise guarantees you'll never be fired, but it doesn't necessarily mean you'll be afloat when the economy goes bad. Although buying a franchise is cited as one of the best ways to invest in a business opportunity, what no one tells you is that all franchises are not equal. Some products and services are going to be bought and sold regardless of a recession but there will be others that will see sales slowdown or even stop.
Business franchise opportunities that grow in a recession are mostly those that provide necessities like food. Food franchises don't have to be general stores; they can be restaurants, fast-food places and even indulgent foods like fruit arrangements or fruit bouquets. Regardless of how the economy is doing, people are going to eat just much the same way as they're going to continue using buses and trains to get around.
Not all food franchises will be the perfect investment, finding out which one is right is up to you. Look for the franchise opportunity that's grown in the recessionary years; talk to franchisees who were running stores in that period and get a feel of the product and what sells it.
There are a lot of food franchise opportunities in USA, find one that's unique. Coffee shops and fast-food restaurants are common and there are usually several of them working in a community which means there's territory and profit sharing. Find a unique food concept that has few substitutes available in the market.
Franchises That Grow In a Recession
By: Michael Clark
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