hiphophorray123
Banned
ah i'm only 18 so i don't know much about owning businesses etc, but if i buy a gloria jeans do you think it would be very profitable?
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gloria jeans - franchising (1 Viewer)
- Thread starter hiphophorray123
- Start date
breaking
paint huffing moron
well depends on the location and shit
hmm depends on a few things..the location for instance, whether there is a market for it..etc..im sure it'd be profitable thou..
you have to gain permission from the head office to own a franchise..so that might affect your chances, if you are seriously considering it.. but i reckon itd be awesome to run a store by yourself..
you have to gain permission from the head office to own a franchise..so that might affect your chances, if you are seriously considering it.. but i reckon itd be awesome to run a store by yourself..
Purp|e
miesynth
dude if you get a good location ... you will seriously fucking own shit up with a gloria jeans. its so damn popular!
SashatheMan
StudyforEver
if yuo have a store near lots of office building i reckon the business will boom , cuase all the workforce always have coffee for lunch etc. its very popular. but how much would it cost to own a gloria jeans franchise?
White Rabbit
Bloody Shitcakes
Get one at Sydney International Airport! We're always whinning that we have a stupid, crappy tasting Starbucks, but no Gloria Jeans! Many many people ask if theres a Gloria Jeans around... and the closest is Qantas Domestic Terminal...
hiphophorray123
Banned
its at a new development (nelsons ridge) where they are building new homes, it's in greystanes...there is no gloria jeans in all of greystanes or tooingabie or pendle hill so it'll attract people from all three subrubs...so location is no worries....i just have to think this shit through whether i want to invest in a franchise, or a house or something or rather, anything to make my money grow...im only 18 so owning a business wouldn't be a bad start at all 
hiphophorray123
Banned
i'll be a co-owner with my sister of course, i don't want to put all my money into itSashatheMan said:
I'd think that it would be a wise move to invest your money. But you'd definately need to know something on the management side, cause owning a franchise isn't that easy - from what i have read. But you'd be in control of a lot of stuff, and if it does fail, then your going to loose alot. (sorry about being so negative, argh! its the only negative post!)
hiphophorray123
Banned
Cape said:
never hurts to consider possible risks
i don't think it would fail since it's going to be the only 'good' shopping centre in greystanes, it is being built especially for the new housing developments, and i think it is going to be next to a school, when they develop it. It'll also be in walking distance from my house...i'm getting strong encouragement from my neighbour who is a wise and successful business man so i don't know...i just want my money to grow grow growwwwww
If you feel like you can take the challenge on then do it. Just remember though, it may seem picture perfect now, but there are risks. I don't know what the failing statistics are of franchises, but 90% of small businesses fail within the first 5 years (or something). Just make sure you've done all your research first, you don't want to be classified bankrupt at such a young age.
hiphophorray123
Banned
lol yeah thanx for the advice...though it's not really a small business if it's part of a very successful franchise is it. anyway i'll be giving this some heavy thought, ah uni starts soon and i have finance to worry bout and ahhh lifes hard
jang
is not my real name
how much is it gonna cost?
i'll guestimate maybe more than 500g's?
i'll guestimate maybe more than 500g's?
zenger69
Bok Choyer
Best way to start a franchise like my friend's father did at Pizza Hut.
First he worked at the store as a driver then got promoted to shift supervisor (like manager on duty). He had access to all the sales figures and performanced figures. (Big 2, LTP, HSC, Labour vs Sales etc etc etc ). Did a bit of maths.
Worked out the store was potentially profitable but losing money because of staff not being pushed hard enough.
When he wanted to the buy the store, he bargained hard for it and pizza hut wanted someone else to run other than itself and got heaps big bargain for the franchise.
His family went from driving a Commodore SS to a Jaguar.
So thats how you be successfull and the only way your going to know if your Starbucks franchise is going to profitable is to DO YOUR HOMEWORK.
Hope it healps.
First he worked at the store as a driver then got promoted to shift supervisor (like manager on duty). He had access to all the sales figures and performanced figures. (Big 2, LTP, HSC, Labour vs Sales etc etc etc ). Did a bit of maths.
Worked out the store was potentially profitable but losing money because of staff not being pushed hard enough.
When he wanted to the buy the store, he bargained hard for it and pizza hut wanted someone else to run other than itself and got heaps big bargain for the franchise.
His family went from driving a Commodore SS to a Jaguar.
So thats how you be successfull and the only way your going to know if your Starbucks franchise is going to profitable is to DO YOUR HOMEWORK.
Hope it healps.
callisto
has called it a day
Advice from someone who works there...
Hey, I'm a casual at a Gloria Jeans store, and I can tell you that it wouldn't be easy! a LOT depends of the location of your store. For example, the GJ's in Hamilton (Newcastle), on a popular Eat St does really well, they're always getting customers as it's such a busy area. my store, in the CBD, doesn't get quite as busy..and so making a profit can be tougher. My advice to you would be to talk a store owner, they'd be more than happy to share their knowledge and experience in the business
Good Luck to you if you decide to go ahead with it. bring on the Tim Tam iced chocolates..
Hey, I'm a casual at a Gloria Jeans store, and I can tell you that it wouldn't be easy! a LOT depends of the location of your store. For example, the GJ's in Hamilton (Newcastle), on a popular Eat St does really well, they're always getting customers as it's such a busy area. my store, in the CBD, doesn't get quite as busy..and so making a profit can be tougher. My advice to you would be to talk a store owner, they'd be more than happy to share their knowledge and experience in the business
Good Luck to you if you decide to go ahead with it. bring on the Tim Tam iced chocolates..
ameh
dirty trick
you also have to watch for competition (starbucks) and the price of rent, and the turnover the layout the starting price. argh.
Ranger Stacie
hollaback girl
yep i think gloria jeans is a wise move,
curious as to how an 18 year old finds himself with the money to invest in a franchise? inheritance or have you worked hard for it? Or if your not going gloria jeans, go a juice bar, those things have such high profit margins $5 for a juice . . . how much does 2 oranges, bit of passionfruit and a banana cost? :S