More than one third of retail sales in the United States come from franchise operations. There are more than 2,000 franchising companies and more than 500,000 franchisee - and franchisor-operated outlets, according to the International Franchise Association.
Lou Maschi has owned a small delicatessen in Brooklyn since 1992, but when his family moved to Wall in 1998, he wanted to run a more significant restaurant, one with a national reputation.
‘As a kid growing up in New York, I used to love going to the International House of Pancakes,’ said Maschi. ‘It’s a terrific brand name, and I thought that it would be great to run one in the Shore area as a franchise owner.’
Maschi has realized his dream with an IHOP restaurant at routes 88 and 70 in Brick. The restaurant, which opened on Dec. 20, 2005, is the latest of the chain’s 6 locations to open in Monmouth and Ocean counties.
In the United States, franchising constitutes more than one third of retail sales; there are more than 2,000 franchising companies and more than 500,000 franchisee and franchisor operated outlets, according to the International Franchise Association.
But franchisees must be prepared to spend a substantial amount of money upfront, invest long hours working in the business and be prepared for the ups and downs of business cycles. Read on.
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