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 …
Read more “Tips From an Architect on Opening a New Franchise Restaurant”
If you’re thinking about franchise ownership as a way to make a better life for yourself, you’ve likely been researching franchise success statistics. What makes a franchise successful? What percentage of franchises fail? These are questions we discuss with potential franchisees at Home Franchise Concepts, and we have some insight to share with you when …
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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 …
Read more “Restaurant Franchises: Marketing, Ownership And More”
Here’s what you should consider and expect during the franchise discovery process Before investing in a franchise, getting to know the franchisor and asking the right questions is a must. The franchisee-franchisor relationship is unique and each brand has its own process in educating you, the candidate, about their concept. Here, we give you a general idea …
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Attracting the interest of franchise buyers and scaling your brand Key Takeaways When it comes to creating a legacy for your brand, franchising – with its immense potential for scaling – can be a life-changing endeavor for a successful entrepreneur. According to the International Franchise Association’s 2023 Franchising Economic Outlook report, franchising output increased to $825.4 …