Starting a Buffalo's Southwest Cafe
If you want to start a cafe business but do not know whether you will establish a business of your own or to purchase a franchise, you should consider starting a Buffalo’s Southwest Cafe franchise.
Buffalo’s Southwest Cafe is one of the leading cafe franchises in the country today.
One of the most important things that you should put into consideration when putting up a business is the profitability of the business itself. It is important to consider its profitability because your main goal in starting a business is to gain profit. You should have at least received in return a substantial percentage of your total investment.
Another important thing that you should do when purchasing a franchise is to research about the franchise company itself. It is important that you know its background and history so that you will have an idea on what type of people run the company. You have to know this because you will spend the rest of your business venture dealing and communicating with these people.
For you to be able to qualify as a franchisee of Buffalo’s Southwest Cafe, you should have at least a liquid capital of not less than $200,000. It is also recommended that you have a previous experience in running a business in the same industry. The franchising fee is at $35,000 and $25,000 for express franchise. Take not that there is also a 5% ongoing royalty fee and 2% for creative and advertising fund.
Buffalo’s Southwest Cafe charges royalty fee and collects creative and advertising fund for the reason that it has gone through the intricate processes of developing the products and devising an effective marketing plan or business model.
If you do not have the required amount of capital currently on hand, there are several options to obtain sufficient amount of money. You should first check for available funding assistance from the United States federal government’s Small Business Association. Alternatively, you can loan money from the banks or lending firms. Take note that borrowing money from the banks may require you to provide collateral. This is to ensure that the bank will have something in return in cases that you are not able to pay back the initial amount borrowed. This is why it is important to just borrow the amount of money that you are sure that is within your paying capacity. It is worth remembering that the higher the amount you borrow, the higher the interest and other fees will be.
One of the best things that Buffalo’s Southwest Cafe provides is the support and training. Every franchisee is given a two-day training to ensure that they are well-equipped with enough knowledge in running and operating the business. Every managers and general managers are required to attend a classroom and hands-on training for five weeks. Also, Buffalo’s Southwest Cafe offers a two-day training program on Bookkeeping.
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