Barberitos Founder Explains Why Now is the Best Time to Purchase a Franchise

Barberitos founder Downing Barber believes now is the perfect time to purchase a franchise, citing depressed real estate prices and opportunities for growth.

Read the original at Franchising.com
Barberitos Founder Explains Why Now is the Best Time to Purchase a Franchise

TL;DR

Barberitos founder Downing Barber believes now is the perfect time to purchase a franchise due to depressed real estate prices and opportunities for growth. He cites five reasons, including low real estate prices, cheap borrowing, low gas and food prices, and increased sales opportunities.

“I’ve heard others say that the restaurant industry is bottoming out, but that’s not what Barberitos is experiencing,” said Barber. “We have been creative to discover ways to differentiate ourselves with marketing and creating unique sales opportunities.”

Barber’s “Top Five” reasons to become a franchisee today:

  1. Real estate prices are depressed - with a glut of property available, the ability to secure a good location is on the rise and landlords are willing to negotiate on price

  2. Money is cheap to borrow - loans are readily available with low interest rates

  3. Gas prices are down - transportation costs for goods continue to remain at low prices

  4. Food prices are down - cost for food is down compared to recent times

  5. Increase in sales opportunities - restaurants have become more creative and have implemented additional avenues to sell, including curbside and mobile

Barberitos is a Southwestern Grille dedicated to serving farm-fresh, high-quality food in a fast-casual restaurant environment. Many of the restaurants’ menu items are prepared or cooked in-house daily, including hand-smashed guacamole, home-made salsas, fresh-cut vegetables as well as chicken, steak, pork, turkey, tofu, rice and beans.

In this story

This story was originally published in Franchising.com on November 17, 2020. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

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