Franchising is a major form of retailing. Just in New Paltz, there are several businesses which are likely franchises: McDonald’s and Subway being two examples.
Let’s say that you graduate from college and eventually decide to open your own food related business. One of the options you have is to open a franchise of an existing business. Do some research into what franchise opportunities exist where you are (or if franchises don’t exist in your country, use New Paltz as your location). Pick one food related franchise opportunity that you think you’d be interested in running, and then let us know the following:
The name of the company, what they do/sell, and where you plan to open your store/restaurant
How much your initial investment would be to get into the franchise
What the franchise owner (the company) will give to you – what do you get for being a franchisee in terms of things like advertising support, training, help with product supply, etc.
Why you think this franchise would be successful where you’re opening it
To help you in your research, you can use this website: www.franchise.org is run by the International Franchise Association and has a wealth of information
You can also go to the websites of specific franchisors, such as McDonald’s, Papa John’s, Chick-fil-A, or Subway which provide information on their websites regarding opportunities to become a franchisee
