Multi-Unit Strategies – Be Prepared for Opportunities
Company Added
Company Removed
Apply to Request List

Multi-Unit Strategies – Be Prepared for Opportunities

Multi-Unit Strategies – Be Prepared for Opportunities

Though the U.S. economy has been under the longest expansion period in history, there will come a point where growth slows, and yes, even a recession will return.

Such an economic downturn will undoubtedly affect the more than 759,000 franchise businesses contributing $451 billion to the U.S. GDP. While many franchise leaders are taking a cautious approach toward the upcoming economic cycle, there are things franchisees can do to better position their business for such a downturn.

Investment banker Carty Davis recently wrote about what franchisees can do now to prepare for a turn in the economy. Here’s what he says about how having strong financials can allow franchisees to take advantage of opportunities during an economic downturn.

 
  • Look for growth opportunities. For franchisees with modest debt and strong liquidity, an economic downturn can be an opportune time to expand their business by acquiring assets and markets, as they have the advantage of being able to move quickly. They should look for expansion opportunities in desirable markets that may have been too expensive or unavailable previously. Business closures also can provide conversion opportunities. Franchisees who work with their franchisors early on can find closure and new build opportunities before others do.
  • While there may or may not be an economic downturn in 2020, there’s no question that, if a downturn does come, it is beneficial for every franchise business to start preparing now.
Published: February 4th, 2020

Share this Feature

Eggs Up Grill
SPONSORED CONTENT
Eggs Up Grill
SPONSORED CONTENT
Eggs Up Grill
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Loyalty Networking
SPONSORED CONTENT

FRANCHISE TOPICS

Mighty Quinn’s BBQ
SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 14-17TH, 2020

Executive Care is more than just a Senior Care company. We are a full-service home health care company serving clients from infants to seniors. Our...
Cash Required:
$99,000
Request Info
Signage has never been more important. Right now, businesses are looking for new and better ways to compete.
Cash Required:
$80,000
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.