I am looking at opening up a coffee and dirty soda franchise near a college campus in the town next to me. We have few coffee places besides a starbucks and soda, energy drinks, smoothies etc seem to be taking off. I would look at acquiring a franchise of a successful business 25 minutes away. I do have a degree in marketing and an MBA but it has been 20 years since I graduated college. How do I begin to understand if this is a good idea? Do I contact a small business association in my town for guidance? I have the cash for the investment but i am also the breadwinner in my home and it would be hard for me to fully quit my job. However, my job is very flexible, work from home, I have tons of vacation etc. Am I crazy? Thanks in advance!
Note I have already talked with the company. I don't have the FDD yet but I have an outline of their process and costs.
Posted by Ok_Swim7455
1 Comment
in the past 2 years just in my small town we’ve opened 7brew, Ellianos, Kahwa (already closed), Dutch Bros, Brix, a place called Hallowbean, and now are building an Aroma Joe’s.
i’d try to gauge how much competition you’d be potentially running into in your area