The restaurant industry remains one of the most dynamic and lucrative sectors for entrepreneurs. Whether you’re interested in fast food, casual dining, or fine dining, franchising offers a pathway to owning a business with a proven track record, established brand recognition, and operational support. Star Brands Consulting Group has compiled a list of some of…
Looking to run your own fast food restaurant? From wings to smoothies and subs, there are all kinds of fast-food franchise opportunities. Across all industries and types of franchises, the quick-service restaurant industry is seeing the strongest growth right now, according to the International Franchise Association, so it’s a good time to jump in. There’s no airtight, apples-to-apples…
From fan-favorite Chick-fil-A to ultra-popular Wingstop, many of America’s most iconic restaurant chains continue to thrive year after year. Others, however, aren’t nearly as fortunate as they contend with lagging sales, declines in guest traffic, and store closures. Red Lobster was the latest chain to fall victim to these woes, shuttering dozens of restaurants throughout the United States and declaring Chapter 11 bankruptcy after struggling…
It’s no wonder that restaurant franchising is so popular — franchisees buy into a proven business model with built-in branding, training and production methods, and (hopefully) a solid customer base. While restaurant franchising helps bypass many of the struggles that come with developing a new business from scratch, it’s not without its own set of…
Franchisees, or owners that are allowed to operate one of these restaurants, will need to have a lot of upfront capital to own a franchise. For example, if you want to own a franchise of your own, the following is the average cost for owning one of the following: You’ll need to have the initial…
The purchase of a franchise – any franchise presents itself with both advantages and disadvantages. Many of these so called “advantages” and “disadvantages” are similar between different types of franchises. However‚ when dealing with the purchase of a “restaurant” franchise‚ prospective franchisees must be aware of unique factors particular to the restaurant industry. Some factors that prospective…
In 2024, it’s becoming harder than ever to be a successful franchisee. On top of ongoing rising food costs and labor shortages, federal and local legislation is cracking down on businesses while expanding worker rights and protections. This year, 25 states introduced or will introduce new minimum wages, with six states increasing their minimum wages…
Restaurants, as with any other commercial real estate consideration, depend on location as the primary driver for investment. Finding the right spot takes time, effort and due diligence to make sure you’ll be in compliance with what the local zoning law will permit. Determining the optimum setting for your restaurant location will set the terms and parameters…