| Cabala is a very famous store that caters to people | | | | love the outdoors. Many people who love the |
| who love the outdoors. Before you think about | | | | outdoors do not want to order everything they need |
| starting a retail store you must consider these things. | | | | online, they want to be able to see and touch the |
| 1. Is there a need for a Cabela franchise in your local | | | | items that they need before they purchase them. |
| community? You do not want to open a retail | | | | 4. Assess your financial situation. In order to start a |
| franchise in an area where it will not be profitable. | | | | franchise you need start up capital and usually that |
| You should go out and interview people and see if | | | | requires a business loan. You need to know if you |
| they know what type of merchandise they carry and | | | | have good enough credit to secure a business loan. |
| if they would shop at the story that you are thinking | | | | You also need to examine how this franchise would |
| of starting. Market research is crucial to knowing | | | | affect your household's finances. |
| where to think about starting a Cabela retail | | | | 5. Find potential investors or partners to help fund |
| franchise. | | | | your franchise. This will help alleviate some of the |
| 2. Evaluate how much knowledge you have of Cabela | | | | financial burden on you. It also helps you if you |
| products. You need to have prior knowledge of the | | | | cannot secure a large enough business loan to give |
| products that you will sell before you think about | | | | you the necessary startup capital that is necessary. |
| starting a retail store. These are some of the | | | | 6. Before you ask for a business loan, see how much |
| products that their franchise would carry: archery | | | | the entire start up of a franchise in the location that |
| equipment, hunting equipment, ATV accessories, | | | | you have chosen will cost. This will allow you to |
| camping equipment, shooting gear, hunting dog | | | | properly budget and ask for the correct amount of |
| accessories, clothing, fishing equipment, and boating | | | | money from the bank. |
| equipment. | | | | Cabela's have been around since 1961. The company |
| 3. Compile a list of states that do not have a Cabela's | | | | is even listed on the New York Stock Exchange and |
| if one of their retail franchises is not needed in your | | | | in 2006 sent out over 135 million catalogs to |
| area. This would require moving to another state but | | | | consumers. In the second quarter of 2008 their total |
| if you are really serious about your idea, then it is | | | | revenue was 526 million dollars which is an increase of |
| well worth the sacrifice in the long run. Here are | | | | 16.6 %. If you decide to start a retail franchise and |
| examples of states where there are no franchises: | | | | find the perfect location, necessary startup capital, |
| Tennessee, Virginia, North Carolina, South Carolina, | | | | and skilled and knowledgeable employees, then you |
| Alaska, New Mexico, New Hampshire, and Oregon. | | | | will have a recipe for a profitable business. And |
| These states all have consumers who could need a | | | | remember, franchising is the best kept secret of the |
| retail franchise in their state because many people | | | | 21st Century! |