Buying a Cookies in Bloom Franchise
Starting a business of your own today may be complicated and full of hassles.
If you want to start a business which does not require that much effort, you should try starting Cookies in Bloom business franchise.
In today’s time, one of the best things that you can do to earn a living given the current economic situation is to start your own business. But starting a business of your own requires too much effort and most of the time full of hassles. To avoid encountering these problems, you should try purchasing a business franchise.
In purchasing a franchise, you do not need to do a lot of things such as developing and devising a business model, doing a lot of researches about the product you are selling, and taking care of the paper works such as different kinds of legalities.
Before you purchase a certain franchise, it is important that you assess it. Determine whether this type of business will fit who you are. If you love cookies and giving them as gifts, Cookies in Bloom is definitely the right business for you. It is also recommended that you put into consideration whether a certain business will be profitable or not. You must at least gain a substantial amount of the return of your investment within a certain period of time. Your main goals in establishing a business is not to just sell cookies but to gain profit as well.
Another important thing that you should put into consideration is your budget. Your budget will determine whether you can afford to purchase Cookies in Bloom franchise. Take note that for you to be able to qualify as a franchisee of Cookies in Bloom, you should have a net worth of not less than $200,000 and a liquid cash of $50,000. General business knowledge is also recommended to help you in managing your own business. A single franchise of Cookies in Bloom costs $19,500 and there is also a 5% ongoing royalty fee. The total amount of money that you will invest in this type of business is around $85,000 to $140,000. The terms of contract is valid for five years and is also renewable.
It is important that a franchise company provides training and support to its franchisees to ensure their success. Cookies in Bloom provides training and support to make sure that its franchisees are well-equipped with enough knowledge to run and make the business successful. A 10-days training at the headquarters is available to further enhance the franchisees knowledge regarding the business and to help the franchisee in the operations at the location itself, Cookies in Bloom provides training at the franchisee’s location for five days.
To make sure that you are making the right decisions in purchasing this type of business, you can seek an advice from business consultancy services. These people will be able to help you in making the right decisions. Alternatively, you can ask people you may know who also are in this line of business.
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