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And it just so happens that one popular sandwich franchise is one of the least expensive to get into.
If you don’t have a large stash of your own, you’ll need to look for investors and/or take out a loan.
Buying into a franchise is another way to reduce risk.
When you buy a franchise, you’re buying the right to use an already-tested and proven business model.
The downside to a franchise is that you give up a lot of control.
Setting the Stage for a Startup The fast-paced, highly mobile American lifestyle has translated into small business success for entrepreneurs interested in opening sandwich shops.
The best sandwich shops deliver custom sandwiches, subs and other food orders quickly, in both takeout and eat-in dining contexts.The more you know about what you’re getting into - the better equipped you’ll be to handle problems and challenges.Businesses fail for all kinds of reasons, but one of the more common reasons is not understanding basic business principles. You may be abandoning your regular paycheck, investing all of your savings and you will certainly be saying goodbye to all of your free time.But starting a sandwich shop comes with several additional risks specific to the food service industry.If you can find someone who owns a successful sandwich shop and is willing to mentor you - that's even better.But this may be tough to do, since most business owners are incredibly busy people.By comparison, Mc Donald’s startup costs can easily run into millions of dollars.With a franchise, you already have name recognition, which is a huge boost in the food service industry.Further, they might not be interested in grooming someone who will be competing with them.One way to reduce risk is to buy an existing sandwich shop that is already doing well.