Franchising a business can be a life-changing decision, and shouldn’t be taken lightly. After all, you are representing someone else’s brand and company.
A company that they built from the ground up. And although there may be some restrictions for franchising certain companies, there are also some awesome benefits to taking this journey.
It’s a great opportunity for entrepreneurs that want the freedom of having their own business without the extra stress of starting from the bottom.
Of course, it’s not all fun and games, and it won’t be an easy process either.
A lot of blood, sweat, and tears went into creating the business, and you’ll have to continue that determination while you are franchising the business. Which is why you want to make sure that you are choosing a company that you fully love and believe in.
One that you will love to run and build on.
If you’re into tasty drinks and desserts (I mean, who isn’t), Bambu Desserts & Drinks offers a wonderful franchise opportunity that is worth checking out.
Craving a yummy Vietnamese treat with natural ingredients that taste amazing?
That’s exactly what you will find at Bambu.
They use quality ingredients that will have you feeling no shame as you down a few treats. And their franchise opportunity will have you feeling just as great.
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About the Bambu Desserts & Drinks Company
Bambu uses fresh coconut water and healthy ingredients to prepare their Vietnamese drinks and desserts.
Whether you choose one of the most-loved items on the menu or you customize your order, you can be sure that your drinks/desserts are made fresh and taste exceptional.
Their signature drinks put them above the competition while providing exceptional che, smoothies, tea, and coffees of the Asian inspiration.
While there are many Asian-inspired drink shops popping up lately, you can feel rest assured that Bambu is not going anywhere. Which is one of the many reasons as to why it makes for a great franchise opportunity.
If you want a fresh opportunity that will last for years to come, you’ve found it right here with Bambu Desserts & Drinks.
Growth, Turnover Rates, and Other Important Aspects
The growth of a company and its franchise outlets can be a significant clue as to if the opportunity is a good one. There are plenty of other factors that weigh in on this subject.
And unfortunately, some factors could cause an unhealthy opportunity.
So how can you tell if it’s a decent situation to invest in?
Well first, take a look at the growth of the franchise outlets.
In 2014, there were only 4 operating Bambu Desserts & Drinks franchise outlets. Within 5 years, that number grew drastically to 62 franchising outlets.
Although there was a growth, there are also other statistics that you need to check into. Such as the turnover rate. This can be crucial in telling you whether or not previous franchises have been successful or if they terminated their agreement.
The way a turnover rate is calculated depends on the number of outlets currently open and the number of transfers, terminations, and non-renewals.
Unfortunately, Bambu has a medium level turnover rate of 11.9 which is not extremely well. Especially for a franchise that only has 62 running outlets.
It makes you wonder how many of them have run into financial issues or have just decided on not renewing the agreement.
Although, since the initial term requires a 10-year agreement and the company hasn’t even been franchising for 10 years yet, this rate is most likely from terminations and/or transfers.
There are also records of the company being involved in 2 lawsuits, but no bankruptcies to date. So, there are definitely some risks that show up with this franchise opportunity.
Well, with all of this risky business, is there even any advantage left to beginning a franchise opportunity with Bambu?
Of course, there are always positives to having a franchise business, and this company definitely takes customer service and products seriously.
The Specifics of the Franchise Opportunity
It’s time to talk business; real business and real money.
Money talks, right? Well, this is no different.
The franchising fee for Bambu Desserts & Drinks is anywhere from $40,000 to $80,000. That a pretty wide range for the deal.
But you probably have to factor in where the location is going to be and how big of an establishment it will be.
This initial term is required to have a 10-year agreement with a 10-year renewal term (if requested). However, that won’t be the only cost you’re responsible for.
By the time everything is said and done, you’ll be investing a total of between $230,000 and $330,000. Which in all honesty, that investment is lower in comparison to other establishments that are available for franchise.
So, I guess there is an upside to this whole thing!
Hey, here’s another plus to franchising this specific company. They offer training on the job and in-classroom, as well as computer and technical support to franchisees.
The company also provides franchisees with territorial rights.
Although, you won’t receive any financial transparency from the company. This could prove to be a little disappointing for some individuals since you should want to be aware of certain data and sales details of the company when running your franchise.
Conclusion of the Review
With the many options that you have to choose from when deciding on a franchise opportunity, there is a long list of risks, requirements, and conditions that you need to check into entirely before signing that agreement.
It’s crucial for you to be completely informed and have the correct knowledge to be running the company’s franchise outlet. Unfortunately, some companies just won’t give you as many details as others.
And some are more risky opportunities than others as well.
Never rush into the decision of choosing a franchise opportunity and always ask the company a lot of important and detailed questions to ensure you know what you’re getting into.
With Bambu Desserts & Drinks, there are about as many positives as there are negatives on franchising their outlets.
But overall, the choice is ultimately yours and yours alone!
Why Lead Generation Business Is Best Option As A Jumpstart To Entrepreneurship Versus Franchising in 2019
This is, in any case, for those who plans to jump into the business industry as a means to earn an extra income or a pathway to quit one’s mundane day job. Either way, these two options are good.
The thing is, there are many things to consider when doing a franchising business when you have no experience with business as a whole. Like I’ve mentioned earlier, franchising—Bambu Dessers & Drinks, for example—needs a lot of training to handle everything as smooth as possible.
Remember, you’re only borrowing someone’s business to expand by selling their products in accord to the number of years in agreement to franchising. It’s not yours and obviously the ROI won’t be a 100% yours.
Compared to the number of hours you put into the business, the series of deductions along with different social pressures on your shoulders, the lead generation business has a lot of advantage in these terms.
Why?
First of all, the lead generation business is structured as a scalable business model with a 100% guaranteed best, satisfying, & rewarding outcomes.
Anyone, including you, doesn’t need to spend so much as an initial startup. However, the value you’re getting costs more than what you’ve paid. Unlike in a franchising business, it’s reversed.
Your ROI is lower versus the amount you’ve invested in the initial startup. Not including the requirements you’re going to comply in exchange of the franchising authority. That alone is a lot of work.
Plus, the daily inventory, customer complaints, and among others add to the mix.
You might be saying, “Nah, it’s always stressful in business.” Yes, it is. What I’m trying to point out here is the revenue you’re getting in the end versus the hard work and the time you invested for a big project like this.
The reason why I am confident with lead generation business because I see the outcome myself. My life changed after I got my first $2,800 income months after I got into this business. That was also the turning point of my life and quit my day job for good.
7 months after I left the job, my passive income escalated to as high as $10,000 per month by simply creating several lead gen sites for small business owners struggling to get leads to earn more.
Nowadays, more and more potential customers lurk around the internet because of the lengthy hours spent on their smartphones. In fact, according to the latest statistics, is is already expected to reach 4.68 billion internet users on smartphones in 2019 and surpassing the 5-billion mark by 2020.
Further, the recent US Small Business Administration records more or less than 30 million registered and operating small businesses all over the country with at least 50 niches available out there.
That gives you 1.5 billion various markets, with the same approximate number of small business owners to approach and close a deal.
These figures alone will give you an idea how important it is for local businesses to increase their online visibility. However, they don’t know what they’re doing besides putting up an ineffective and boring website.
Implementing traditional SEO and spending a dime on ineffective Facebook ads won’t work in today’s online marketing. These won’t give them the revenues they’re after. They want high-quality customers and only the lead generation can do that.
Why?
The lead generation itself aligns these struggling small business owners to position their services right through their potential market. Without guessing games, we use the exact keywords their customers use unto the lead gen sites we make and make sure they rank well on Google search engine.
This will make sure each lead gen site can gather as many leads as possible without constant monitoring; allowing the internet do the work.
Because of the automation and the system—as my mentor’s advice—it gives me more time to spend on more valuable things like building more lead gen sites and help more people through it.
Take a look at my first lead gen site for a Limo company in Lansing, MI. I only spent 6 hours to create the whole site, including the ranking on the search engine.
Because the site performs well—generating leads—the client is satisfied with what they’ve invested. So, until now, they have been paying me $750 per month for 4 years now. If we do the math, that’s $9,000 in residual income per year, and in 2019, that’s already $36,000.
Fast forward today, I own 88 lead gen sites performing great on the worldwide web with a monthly earning of $45,000 to $50,000 per month. In every year, I earn six figures steady passive income.
This is why the lead generation business is the best option you have to start a business. Once you get through our lead generation coaching program, you’ll get the following opportunities:
- First, you will learn the VERY IMPORTANT, the fundamental aspect of every business: High-Income Skill. You need to learn and master this in order to hone your financial confidence in earning millions in the future. This value will give you the capacity to build your wealth quickly without worries.
- Second, you will get the access to the exact blueprint or the exact steps on how I, as well as other successful entrepreneurs, had undergone to earn $$$ by following the process and taking them into heart.
Take note that we’re not here to give you an easy, quick-rick scheme. Although the rewards sounds nice and tempting, like in a franchising business, there is a real hard work involved. Before you start earning passive income in any of your lead gen sites, you need to make sure they rank well. That goes on for around 3 to 6 months before you see the results.
Once they perform great and ranked on the top page on Google (against the Giants in the industry), you don’t have worry with earning an income because it goes automatically. Your client rents the leads you deliver. So, if problems arise, you can simply find another client.
Simple.
If you want to change your life by earning passive income this year, you can go and visit our lead generation coaching program to get started.