What are some of the benefits of going with a franchise thats experiencing fast growth?
You can feel good about their success criteria. There’s a large franchise database you can talk to to understand the pros and cons of the system, and you can feel pretty good, generally, about their unit level economics. Something is fueling that growth, whether it’s consumer demand for the product or a strong financing structure. What are some of the downsides of going with a faster growth system? There are several. One is that you’re certainly not going to get individual attention. If you’re a successful multiunit operator, you don’t need that kind of attention, but if you’re not, you [have to realize] as this franchise grows, it’s going to generally be outstripping their resources in terms of their ability to assist the franchisee. You may wind up with a territory you’re not comfortable with; the market area you want may be sold. Who would be an ideal franchisee for a faster growth system? People with experience in this particular field, who have had some success in a franchise syst