Recently Margaret Jackson, a reporter at the Denver Post, wrote a story about franchisors’ increased interest in the Denver market for expanding their brands. Due to certain characteristics, Denver and Colorado as a whole has been one of the markets that has seen an upswing in development and is an attractive market for franchises to grow. Pita Pit was one of the brand’s featured in the article and Corey Bowman, Pita Pit’s Vice President of Franchise Development, was interviewed discussing Pita Pit’s growth plans in the market and some trends seen in the real estate opportunities. Bowman also discussed some of the incentives that Pita Pit is offering to new franchisees entering the system to help entrepreneurs go into business ownership despite the economic climate. Below you will find a portion of the article and a link to read the full article as well.
Metro franchises rise as proven models hit the ground running
By Margaret Jackson | The Denver Post
Widespread job losses combined with strong regional demographics have turned metro Denver into a popular spot for franchises.
But even though many people who've lost their jobs want to go into business for themselves, getting financing remains a challenge.
As a result, some franchise companies are making special offers to lure franchisees, and many landlords are negotiating more favorable lease rates to attract tenants.
"When the economy lags, franchising sees an increase in the number of people becoming franchisees," said Corey Bowman, vice president of franchise development for The Pita Pit, a Coeur d'Alene, Idaho-based quick-service restaurant chain that is expanding in the Denver area. "People who were working and got laid off have a sour taste in their mouths and don't want to work for somebody else." (Read More)
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