Tuesday, February 19, 2013

Derek Bedard 3rd Post


  One of my favorite franchises of all time is Domino's Pizza. They always please me and have never ruined their reputation of being the best. They are so appealing because of how successful they have been. Everywhere anybody lives, they most likely have access to a Domino's store nearby. With over six thousand stores in, America, Canada, Europe, and Africa, they are not a hard franchise to find. They are also a very liked all around the world and are very popular in India as well. They are attractive to franchise owners because of how popular they have become. To start a Domino's franchise, the total investment can range from $119,950-$461,700. The fee for this franchise is $3,300 with a 5.5% royalty fee. It can be fairly pricy to start a Domino's franchise, but if someone is able to supply the total investment amount, they will be greatly rewarded. For most people, however, this is too steep of a price. Domino's, unfortunately, does not off very much in terms of financial aid for new owners. They offer a third party, but not much else. I feel as though this negatively impacts them because they lose out on any potential successful owners who cannot raise the appropriate funds necessary to start. If they offered at least some sort of aid to potential owners, they might see great benefits in their future. Domino’s does however, offer training and support to their franchise owners. They offer newsletters, meetings, Internet, security procedures, field operations, and evaluations as support to their owners. Domino’s is a very friendly franchise that does not get involved with all of the drama found on the news today. So many well-known franchises are getting caught performing acts that are not exactly socially acceptable. Domino’s keeps a clean track record which is always good for attracting new buyers. Nobody wants to own a franchise that constantly receives bad reviews. That is not good business. Luckily, Domino’s is not one of those franchises and keeps a clean name everywhere. Domino’s is one of my favorite franchises. They are also a great investment to those interested in owning their own franchise. So if you are interested, it is definitely worth a try.    

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