Entrepreneurship is a challenging task that is not everyone’s cup of tea. You must be on your toes running the entire organisation and dealing with various issues plaguing the different departments. They are like lone rangers taking care of everything because of the enormity of the role and related responsibilities. I knew this and thus chose to become a franchisee rather than start a business from scratch. So, I made the smart decision to buy a franchise in Bond Junction, and it was the best thing that happened to me.
Most people ask me how I chose the franchise domain. I was not in haste and wanted to acquire the best franchise that would remain in demand in future and is highly popular among the target audience. I did some research online and found this fantastic site that lists businesses for sale in Bondi Junction and every suburb, city and state across the country. Here is the link that will take you to the page of the latest opportunities in the suburb - https://www.business2sell.com.au/businesses/nsw/sydney/bondi-junction I realised that food and beverages are always in high demand, and when you serve delicious hot brews in a beautiful environment, nothing can match the feeling. Cafes are an integral part of the lives of the people of Bondi Junction. You can find small and big coffee shops in huge numbers across the suburb and the adjoining areas. New South Wales has the highest number of cafes and restaurants compared to other states and territories because of its population density. One-third of the Australian population lives in this state, and the capital city of Sydney is the largest state economy. Thus, buying a café franchise in my suburb seemed the best idea. I picked the one that was budget-friendly and had a substantial customer base. It worked wonders for me as I started selling as soon as I entered the franchise. The biggest advantage of owning a franchise is that the franchisor trains you in business management, operations, etc., and provides technical and marketing support. You can choose to buy an existing franchise or a greenfield opportunity (a new site), depending on your budget and other requirements. Most franchise owners help with site location and fit-out. You can rely on them to start your own business without any challenges. If you are still wondering about this process, here is a franchise listing for a café from the same site to give you an idea. Michels Franchise Patisserie & Cafe in Bondi Junction Michels Patisserie café offers an existing franchise in a busy shopping centre close to popular anchor stores like Aldi and Coles. Selling coffee, teas, hot chocolate, milkshakes and smoothies, the café is known for its cakes and pastries. The well-appointed café has an ample area of 40 sqm and 20 sqm of storage space. It does not require cooking and includes high-quality equipment, including hot and cold display cabinets. It has low overheads with 7% franchise fees and 3% sales and marketing fees, which help to increase profits. The franchise can be owned for just $55,000, making it a highly lucrative business opportunity. So if you are looking for the most promising franchise in the suburb, check this listing on the same site.
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February 2024
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