Multiple choice
- Article 2 of 3
- Business Franchise, December 2011
If you have solid management skills, why not consider becoming a multi-unit franchisee? There is serious money to be made, as Rob Buckley reports
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What are the skills needed to run multiple stores?
The biggest thing is a team of good people. Without good people you can’t grow like that. I also tend to be very analytical, systemise things and replicate it in all my stores.
Are you as hands-on as when you had one store?
When you get over a certain number, you have to be a little bit more remote, so you have to manage the business through other people. If you’re very hands-on, you can’t grow.
How does opening new stores affect finance?
As you grow beyond five stores, costs increase because you’ve got extra overheads. You carry the extra burden of what you would have done if you’d been in the store the whole time. But although individual profits fall of, total profitability rises significant.
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