Purchasing A Gas Stations Is A Great Investment

It is crucial for a business to know where their customers come from in order to select the best location for the store. Choosing the best geographic area can help in the success of the business or the failure of the business. This is why Trader Joe’s has particular criteria when choosing new store locations. Trader Joe’s is aware who their target consumer is and utilizes the data they receive to place their locations in the areas that will benefit in the growth of the organization.

Texas Roadhouse may create a supply chain with all their franchises buying from one central supplier. Because of the economies of scale, prices will go down drastically by the bulk orders. In addition, this will aid the consistency of their standardized food recipes producing desired taste in

1. Franchisees gain numerous advantage when they purchase a franchise. First, while a franchisee may be opening a new store, it is part of an already established business and system. This means a franchisee has access to turnkey operations, allowing an increased speed to establishing and growing the business. Franchisees also get support for management and training activities, as well as financial assistance. Going hand in hand with this, a franchise already has an established brand name, quality of goods and service which have been standardized across the franchisor’s larger company, and national advertising programs from franchisors. Franchises also have large-volume, centralized buying power. A franchise has proven products, and

The company also should consider other factors in choosing the location of the plant including:

The process of opening new subsidiaries of a company is usually tricky because without serious organization and management the project can make the company incur losses. The project is also supposed to be done within a short time so that the new branches can operational and help in increasing the revenue of the company. This paper will look at analyzing the project of increasing the number of locations by Dunkin Donuts.

The following article is regarding what is most important to everyone around us regarding the pricing for gasoline at the pumps. This is a topic that concerns most people on this planet, why are the prices for gasoline so high and is it regarding the greed of oil producing companies to continue to keep rising the gasoline prices as high as possible. We will discuss the many reasons why these fluctuating pricing keeps occurring within our world market. We will use the retail gasoline pricing between the

1b) What advantages are there to not franchise the restaurants? Do you think they ought to franchise restaurants down the road? What advantage would that be for the company?

The high demand shows the attractiveness of the gas retail industry as a lucrative business to invest in, and the geographic location of the two gas stations happens to be advantageous since they are located in a high traffic

Franchisors are increasingly having to be more and more selective in the adoption of franchisees with factors such as economic climate and the potential difficulty with growth playing key factors in the decision making process. It is not simply an ability to grow which creates a successful Franchise and nor is it the desire of any franchisor to adopt every potential franchisee. Franchisors are becoming more and more scrutinising as the global economy declines. There is a general understanding within any franchised

The role of franchising in national economies is becoming more important by creating employment opportunities and service prevision . Franchising is the fastest growing from of retailing and a major portion of this recent growth can be attributed to the emergence of multi-unit franchising. Multi-unit franchising (MUF) refers to an organizational arrangement where one franchisee operates two or more franchised outlets in the same franchise system. In USA 20% franchisees operate more than half of the franchised outlets. The multi-unit franchising phenomenon can be divided into two categories : sequential multi-unit franchising and area development multi-unit franchising. In the first type one of the existing franchisees is granted a

A company’s decision in the selection of the right location, is a key ingredient in a business's success. If a company selects the wrong location, it may have inadequate access to customers, workers, transportation, materials, and so on. Therefore, location often plays a huge role in a company's bottom line and ultimately its success. Location strategy is a critical factor in the success or failure of a company. A good plan for acquiring the optimal location by identifying needs and objectives, searching for, and acquiring the best suitable location is a successful location strategy. Usually, a firm will set its goals on maximizing opportunity while minimizing its costs and risks. (Heil, K., 2006)

The topic of this paper is Gasoline prices and potentially high state sales tax. According to Stephen Singer’s article (2017, August 24); Connecticut legislators are deciding to raise state sales tax and gas prices from its current rate to 6.85% to close a budget gap that’s predicted to reach $3.5 billion over two years to help lower state aid cut to towns. I disagree with the decision the legislators of Connecticut are making to fix budget gap with higher taxes on retail products and gasoline prices because, increasing the prices of these products with higher taxes would “hurt consumers and would hurt retailers.” It would limit the amount of tax revenues generated by the tax and slow the economy activity.

Low income population will be particularly sensitive to price and may be unwilling to buy if they feel that the price charged is too high (United States Bureau of the Census, 2002). A high income will make the market less sensitive to price because they have an increased buying power and may even be willing to pay more as long as they are guaranteed of good quality.

The company has to decide between the two locations based on their virtues, availability and higher margin of profit.

Over the years, franchising has become very important to the economy. When franchising is done