Is now a good time to buy a health food franchise?
With COVID causing an increased awareness of health issues and consumers conscious of what they’re eating, we see steady inquiries from people looking at health food franchises.
Here are some factors to consider:
Location is key – will it be high street or shopping centre?
What incentives will the landlord provide?
What is the foot traffic, or passing trade?
What will the rent be?
Expected timeframe to open?
Expected up-front costs – total?
Will you need finance?
If so, can you get it and how much?
Expected ongoing costs, operational and franchise fees?
What will Cost of Goods Sold % be?
Staffing numbers and wages costs?
What marketing assistance will be provided?
How will the franchisor help you grow your business?
What are the demographics of the local area?
Do they represent your target client?
How much money do you want to make?
Can this franchise business model allow you to make that?
What is the expected payback on your investment?
Are you excited about this opportunity?
Is this the best option for you right now?
Buying a franchise is a big decision and will have big financial consequences on your life. So, get a pre purchase review before you fall in love with it!
Send me a message via Contact Us and we’ll get straight back to you to get started.
Peter