According to data from the NPD Group, the number of fast casual units is up one percent from last year. So how do franchises set themselves apart in an increasingly crowded space? If you’re evaluating businesses to invest in, be sure it has a customer-centric philosophy in order to gain an edge over the competition. …
Look for a Franchise that Elevates the Customer Experience Read More »
For investors thinking about investing in a food franchise, there are many options, making it hard to decide which business is right for you. That’s where some of a company’s less tangible assets can come into play, like brand. A restaurant’s brand is its personality and what it stands for. Brand is conveyed in everything …
When Considering Franchise Options, Brand Matters Read More »
Whether looking out towards an ocean, sunset or skyline view, outdoor seating adds value by boosting a restaurant’s revenue potential. In fact, the Chicago Tribune recently reported that alfresco dining can increase a location’s revenue by up to 30 percent. Why do outdoor spaces increase restaurant sales? Passersby see diners outside, attracting them to come …
Outdoor Seating Attracts Diners, Increases Revenue Read More »
Entrepreneurs considering investing in a food franchise may think they need extensive restaurant industry experience to own and operate a location. But that’s not necessarily the case. The more important requirements to being a successful franchisee can be met by almost anyone, including: Personality: The best investors for a fast casual business tend to thrive …
Sound planning is essential when opening a franchise, so if you’re investigating opportunities, be sure to ask for critical documents, including: The Franchise Manual: This manual should contain everything owners and operators need to know in order to successfully open and run their franchise. In addition to outlining standard day-to-day procedures, it should also address …
When Evaluating Franchises, Do Documents Deliver? Read More »
While the idea of running your own business may sound appealing, there are a lot of intangibles to consider if you are thinking about becoming a fast casual franchisee, including your personality. Successful owners share several important characteristics, including: Motivation: Opening a location is a lot of work – some of it dirty – and …
With the country’s multi-cultural population, it should come as no surprise that fast casual restaurants are tapping into the demographic diversity. Today, more businesses are offering ethnic flavors and ingredients from all over the world to meet Americans’ desires for authentic food options here at home. For entrepreneurs thinking about investing in a food franchise …
Foreign Flavors: The Next Big Thing in Fast Casual Read More »
With fast casual being the quickest growing segment of the restaurant industry in the past five years, serious entrepreneurs may want to consider these franchises as an investment option. But if you’re looking for opportunities, you may be wondering just what the difference is between fast casual and fast food. Generally speaking, fast food chains …
What’s the difference between fast casual and fast food? Read More »
Since many new restaurants close within the first year of opening, a food franchise with a sustainable presence in the market signals to customers that the place is doing something – or lots of things – right. And that longevity can be just the thing to keep diners coming through the doors. Why is the …
Look at Longevity When Selecting a Franchise Business Read More »
Entrepreneurs cite many reasons for investing in a food franchise business. One of the most common is the freedom they afford. While being a franchisee requires a lot of responsibility—and often long hours—it also opens up a plethora of scheduling possibilities to fit your lifestyle. Here are some key benefits franchising offers for an ideal …