Mall food businesses
Mall food businesses are extremely high on terms of foot traffic. But one must have enough capital to invest with this kind of place. This means high capital, high profit and high risk. This picture was taken at SM Marilao, Bulacan and if you still not aware, rental fees in most malls are averaging 25 to 35 thousand pesos above. The ground level has the highest price in leasing while going second floor up to the top floors comes in lower fees.
Rumors said that spots near prestige companies like Jollibee and McDonald's also have an expensive cost for rent whatever type of business it may be. Food cart franchises are mostly situated in the center part of the mall where people can easily see and eat. Food carts does not require chairs because they are considered as micro business. A franchisee must study the place or the spot before buying a franchise. This is an important reminder to plan first and somehow preview the sales statistics your invested business can have. Remember that risking without planning is a poor investment. One must know what franchise business he is buying and the list of expenses he will expect every month. A great advice from Warren Buffet one renouned millionaire from United States said "Do not put all eggs in one basket." In short, do not invest everything you have got specially for starters. Business also has its time for maturity and this means the manager and his careful planning in dealing with different kind of situations.
Having a franchise business does not always guarantee success. A true success will come from a wise strategic plan and discipline. You can start investing any time but without any business knowledge, you might want to lay low and study carefully the new opportunity that you will buy. Have time learning the facts what can make you get the best results for your business or might as well consult for a franchise assistance.
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