"I thought, Do I let [the franchise] get sold to someone else and continue to be an employee? Or do I take the risk to get the financing I need and make this my own?"
Ms. Calvert’s question is one that many franchise employees ask themselves. They have the unique vantage point of on-the-job training and exposure with the franchise model. For many employees, there is a certain comfort level that comes with knowing the history of the franchise and brand.
And for millennials, working for a franchise often provides a way to quickly go into business for themselves at a young age.
Forbes profiled the ways in which the Dutch Bros franchise is turning young baristas into wealthy entrepreneurs:
“Kristen Von Tersch, a 28-year-old college dropout with a pierced nose, owns five Dutch Bros. drive-through coffee franchises in the sleepy southern Oregon town of Klamath Falls. A year ago she was making $35,000 as a regional manager. Now her stores are on track to gross nearly $4 million, leaving her $230,000 in profit.”
Other individuals at the start of their careers have found similar successes due to the reliable franchise model and shared-risk.