Monday, August 14, 2006
Fishing franchises
As people become more concerned about the origins of their food it is no surprise that many are choosing to catch their own rather than buy it at the supermarket. What better way to guarantee a fish is fresh that to hook it yourself?
With an increasing number of people taking up this traditional sport, setting up a fishing franchise could prove to be a lucrative business move.
The ideal candidate to run a fishing franchise is someone with a passion for the sport and a love of the great outdoors. Taking on a business that is as much about lifestyle as it is a career will allow franchisees to give 110 per cent and make running the business both rewarding and enjoyable.
However going down the franchise route means entrepreneurs don't have to be incredibly experienced in all things fishy, since extensive, ongoing training and support will be provided from the outset.
Franchisees must have a good head for business and a commitment to excellent customer service however, since running a fishing business means working in a customer facing environment, offering help and advice on products and services.
One of the most important things for any fishing franchisee to consider is location. A prime seafront location may seem like the perfect opportunity, but franchisees should look out for other rival businesses in the area and make sure there is enough demand for another fishing store before agreeing a deal.
Similarly, a town centre location may appear destined for failure, but research could reveal that there are actually a number of keen fishermen in the area who regularly fish in a nearby lake but have to travel several miles to the nearest tackle store. Such issues should therefore be considered carefully before aspiring entrepreneurs cast out.
Hooking customers will be one of the biggest challenges franchisees face once the business is up and running. But an established brand name and marketing support from the parent company should help to make the job easier.
However customer loyalty will essentially determine the long-term success of the franchise, since there will only be so many people in a given area who decide to try out the sport. Offering a tight community of fishing enthusiasts the products and services they demand and establishing a bond with regular customers will keep them coming back again and again.
While franchising may not be for everyone, particularly those who like to innovate, it can provide those looking for healthy returns with a proven business model, demonstrated financial results, modern point of sake and stock management systems, and good growth potential.
However start-up costs can be substantial and franchisees are required to put in huge amounts of hard work in order to cover these fees and make a success of the business.
But if the idea of turning a passion into a career is enough to spark dedication and commitment, then franchisees could find they've made a wise move.
Copyright Adfero Ltd 2006
http://www.franchisedirect.com
