Restaurant chains are everywhere. They anchor suburban strip malls, highway rest stops, inner-city street corners and even small towns’ town squares. For consumers, all those restaurant franchises represent an affordable, reliable meal; for entrepreneurs, however, they represent a reliable business opportunity.
Restaurant franchises are an attractive option for would-be business owners. After all, while Mom-and-Pop eateries have a certain charm to them, restaurant chains have plenty of advantages, too. Among them:
1. Restaurant chains offer a developed brand.
2. Restaurant franchises offer an existing customer base.
3. Restaurant franchise opportunities offer proven products and systems.
4. A food franchise offers marketing help and assistance.
5. Restaurant chains offer financial support and group purchasing power.
Look for low-cost restaurant chainsWhile they tend to be more expensive than other franchise opportunities, restaurant franchises don't have to cost you an arm and a leg.
Search for restaurant chains by food typeNo matter what kind of food you fancy -- American, Italian, Mexican, Chinese -- there's a food franchise for you.
Find restaurant chains by locationWhile the most visible restaurant chains have a nationwide footprint, some of the most lucrative restaurant franchises are confined only to certain cities, states or regions.
Choose restaurant chains by service modelNo matter your speed, there is a food franchise to match it; choose from full-service, quick-service and fast-casual restaurant chains.
Select restaurant chains by nameIf you're the type of business owner who already knows which food franchise you want to own, go straight to the source and find out what you've got to do to get it.
- Foodservice can be a difficult industry to navigate due to government-mandated health and safety requirements. To help you find your way, look for accountants and lawyers who specialize in restaurant franchises and who have other food franchise clients.
- Before entering into a marriage with restaurant chains, consider the commitment. Restaurant franchises often cost more and require a longer work week than many other types of franchises. The rewards, however, can also be much larger.
- When it comes to a food franchise, location is key. Be sure you choose a restaurant chain that will help you select the best and most profitable location for your tasty new venture.
- Before buying a food franchise, consider talking to existing franchisees. Find out what they love about their investment, what they hate about it and what they wish they'd known before they signed their franchise agreement.