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Franchises
What advantages are there in being the first franchisee?
I am looking into a a company that has been recently established in 2005. The company is a kids culinary franchise with an emphasis on children's cooking, birthday parties, and cooking classes.

Asked by jhoopes
Posted: Tuesday, November 13, 2007  |  Found in Franchises


More answers by Jeff Elgin
Answer by Jeff Elgin
There are certainly advantages in terms of being a pioneer and perhaps in terms of bargaining position when it comes to the conditions of your franchise agreement. But there are also risks that should be carefully weighed before deciding on such a course of action. If you reference the archived articles I've written, you'll find more help.
Jeff Elgin has almost 20 years of experience franchising, both as a franchisee and a senior franchise company executive. He's currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best meets their needs.


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