Park Ridge, Illinois.
Location: 15 miles northwest of Chicago.
FFI, (Franchise Friendly Index) 100
Not all local communities are what I call, “Franchise Friendly.” Sometimes, local officials oppose big franchise chains coming into town. That’s unfortunate. The revenue from a properly run franchise operation can be pretty substantial, especially if it’s a shovel-ready food franchise. Towns need revenue. Especially in times like these. I really can’t imagine a town turning down a franchise business–but it happens.
But, not in the city of Park Ridge, Illinois.
It seems that some the local officials and local residents there really get it.
That’s because the subject of franchise businesses came up during the Park Ridge’s Economic Development Task Force’s 1st meeting held recently.
And in Park Ridge, just like in any community across America, the independent businesses vs. corporate chains and franchises tug of war took place. One area resident described Park Ridge as, “A community of many ‘mom-and-pop’ shops.” He also said that he was, “Happy that franchise businesses have opened as well since they bring consumers into the community.” Read more at The Park Ridge Herald-Advocate.
Test The Waters
Here’s a tip:
Before you consider buying a franchise that will require a physical location in your area, test the waters a bit. See if you can get a feel for how Franchise Friendly your community is. If they’re not, it’s okay. They may need a little education. It’s easy to find stats that support the economic impact of franchises in local communities.