I was going through some business reviews the other day, to find out exactly what was and was not needed in our community. No, I am not starting a business, but am curious as to what is needed out there.
There are, I deduced, way to many eating establishments here. I figure that there are no real profits to be made by opening any more of these, unless it is a well-known franchise. They are the only ones that could even hope to survive this market.
The reason for this is that franchised restaurants have completely different profit systems than privately owned ones and it takes fewer customers to make a profit, as you have a big company backing you.
In my opinion, franchises are the best investments that one can make right now, if they want to own an eating establishment. I know that is the only thing I would even consider.
