It’s time to escape from the monotony of the daily corporate grind and become your own boss, right? It’s time to buy into an ice cream franchise.
And why wouldn’t you? Everyone loves ice cream. In fact, more than 1.2 billion gallons of ice cream were produced, purchased and consumed last year in the United States.
Who wouldn’t want to be part of that industry?
Yes, investing in an ice cream franchise such as Marble Slab can be a good idea, especially if you are tired of toiling away seemingly endless hours in a cubicle for a company that doesn’t seem to appreciate all you have to offer.
But before you do, make sure you have the scoop on exactly what you’ll need to become an ice cream franchisee. Here’s a look at some of the things you’ll need, just to get you started.
1) The Financing for an Ice Cream Franchise
Before you do anything else related to becoming an ice cream franchise owner, you’re going to want to take a good look at financing. Each franchise has different costs related to opening a shop. And even within each franchise, costs can vary depending on the location, area and size of your store.
No matter which ice cream franchise you decide is right for you, you will need to have the financing figured out in order to move forward.
2) The Right Attitude
While proper financing is a tangible must-have for opening your own ice cream franchise, other attributes are intangible. That includes having the right attitude.
Most franchisors are careful about who they partner with. Owning and operating a franchise is hard work, and those who succeed generally have positive attitudes, ambition, passion about business and a willingness to roll up their sleeves and work hard.
3) The Details
Every franchise agreement begins with a discovery period, during which both the prospective investor and the corporate company do their due diligence to ensure that a partnership makes sense.
It’s important that you and your advisors do a deep dive into all available documents related to the franchisor. Review the Franchise Disclosure Document, which is commonly referred to as an FDD.
Gather all the information you can about the company, including past performance, leadership profiles and how they support franchises through advertising, marketing and public relations. And make sure to talk to people who currently own ice cream franchises with the company to see what their experience has been like.
Doing your due diligence and getting the details will help protect both you and your investment.
4) Market Research
Even if you have the finances, the right attitude and all the details, you still need to know whether or not opening an ice cream franchise in your market makes sense.
To answer this question, you will need market research.
It’s entirely possible (and even probable) that the franchise company will provide you with market research data, but you are still going to want to do your own research.
Get out into the community and check out the competition. Talk to city planners about what expansions and renovations are being considered related to infrastructure. Find out if any other competitors are making plans to move into the area.
Having this information will better prepare you to open your own ice cream franchise in the market.
It takes guts to quit your job and invest in an ice cream franchise. After all, there is a certain amount of risk involved. But if you can withstand the pressure and work hard, it’s entirely possible to say “Enough already,” buy an ice cream franchise and become your very own boss.
Do you think you have what it takes to become an ice cream franchisee and invest in Marble Slab Creamery? Then contact us today to see if this opportunity is the right fit for you.