The best franchise to own isn’t as simple a matter as choosing between a retail franchise and a restaurant chain. Both franchise models have clear pros and cons, and both have proven remarkably successful. But still many people will tell you one or the other is better, so for now we’ll focus on some key factors that have made retail businesses like Cash Converters some of the most profitable franchises to date.
Less Product-Related Stress
Any business, retail franchise or restaurant chain, needs to sell some kind of product or service. The difficulty with restaurants, though, is that stock purchasing needs to be carefully planned. Certain food items are only available during specific seasons, and you also need to try to use up your ingredients before they expire.
With retail products you avoid that level of stress regarding quantities and spoiling. If you order too many plates, … Read more