What type of business can you get into in a recession that would be able to survive in a tough economy? Well, Jim Cramer who is the king of stock picks and gives everyone a “Big Fat BooYah To Yah,” says the Dollar Store type business models are a good place to invest if you are buying stocks.
Interesting, and you know what this makes a lot of sense. But did you know that some of these dollar type format business models are franchises? That’s right.
So then, why not forget buying the stock and buy a franchised outlet for yourself? After all, if this type of business is a good play in a tough and turbulent economy then it makes sense to be the owner of one right? Luckily, there are a few of these types of “99 Cent Store” or “Dollar Store” franchise concepts available.
If a savvy franchise investor has a great location in mind, they may find that they may be able to secure that location or lease that building right now at a much better price than ever before. A large shopping center that may have lost an anchor tenant may be willing to deal on a significant square footage space.
As the economy continues to lag and may through 2010 or 2011 why not find a recession-resistant franchise to own. I resist in calling any business a recession-proof franchise business, although, I do tend to agree with Jim Cramer on the outlook for this particular business model. Of course, you must do your due diligence and homework and research on whatever franchise you choose to purchase.