While some buyers may be seasoned industry veterans, for others, deciding to invest in a food franchise business can be daunting. To help ease the process and kick off the restaurant right, it’s wise to carefully evaluate the type of upfront and ongoing support the franchisor offers its franchisees. Here are 2 of the 5 …
Investing in a franchise can require significant up-front costs. Such fees may deter some entrepreneurs worried about recouping their money. To address this concern, some franchises have begun implementing lower fees to help investors become profitable sooner. So when evaluating businesses, compare typical costs such as: Initial Investment: This amount can vary based on the …
Technology has revolutionized the franchise industry. If you’re considering investing in a franchise, make sure it leverages the latest advances to benefit owners and customers. Here are some tools to look for: POS: Some franchises go beyond the basics and combine their technology with marketing systems that drill down on guest visits and drive efforts …
According to QSR, the fast-casual segment of the restaurant industry is the only one to experience growth in the past five years, with visits to these establishments increasing six percent annually. But just what is fast-casual? Simply put, fast-casual is a concept that blends the convenience of fast food with a casual dining experience that …
Consistent quality is key to a franchise business’ brand, and owner success. So, when you’re considering investing in a food franchise, be sure to pay attention to the processes and procedures in place to help ensure quality—and your reputation—such as: Recipe Standards: From food portioning to prep, ask about how the franchise business standardizes recipes …
When it Comes to Food Franchising, Quality Matters Read More »
If you’re looking to invest in a franchise, there are several options available today. In today’s fast paced world, perhaps unsurprisingly, restaurants remain one of the most popular options with the fast casual growing at the fastest rate according to QSR Magazine. Here are some advantages a food franchise offers over a service business like …
Why Food? Top Reasons to Pick a Restaurant Franchise Over a Service One Read More »
Buying a franchise is a big investment, so it’s one you want to get right. As you evaluate criteria, you will want to keep in mind how long the company has been in business with proven, repeatable processes. That’s because the lengthier a company’s history, the more advantages you’ll gain, such as: Management Experience: As …
Time Tells: Three Reasons You Want an Established Franchise Read More »
To most people, being your own boss sounds like a great idea. And that’s one of the biggest perks that comes from being a restaurant franchisee. But it’s not the only one. Here are five aspects of franchise ownership that make it a great investment decision. Income Potential: With instant access to a solid customer …
As you plan your food restaurant franchise, location is critical so consider these factors to identify the right spot to set up shop. Customers: Think about your ideal customers: how they live, work, shop and do other activities. Consider if you need a place by mass transit, or zoning that allows drive-thrus, or if you …
Serious entrepreneurs looking for a great franchise business opportunity are wise to consider restaurants. But how do you choose one you want to be a part of? For some, it’s all about the company, its offerings, and operating values. Others look for growth potential. Still other investors pick based on lifestyle factors like hours or …