Tuesday, May 21, 2013

Expanding B&M Retail Business - Franchise? Mall kiosk?


Hey all,

I have a single retail store that's doing fairly well, and am wondering the best way to expand.

I've been thinking about additional locations. I see a few options:
1 - open new locations, which I own and manage.
2 - sell Franchises to let other people own/manage while sending me ~5% of revenue.
3 - open a mall kiosk, which I own and manage (I believe I could capture a large % of my potential revenue with much lower costs vs an actual store in the mall)

There's no reason I couldn't do all 3, but I'm curious what you guys think is the best option. Does anyone have experience with mall kiosks?

Source: http://www.thefastlaneforum.com/franchising-chains-traditional-b-m/46350-expanding-b-m-retail-business-franchise-mall-kiosk.html

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