Financing Options When Buying a Franchise Business Many questions come to mind when you think about investing in a new business, one of the big ones is, “how will I pay for this?” What people don’t know is there are financing options available to you when you decide to join a franchise business. According to…
Interested in owning a burger shop franchise? Learn how a Johnny Rockets franchise compares to a Wayback Burgers franchise, so you can make the best investment choice for you. The Johnny Rockets Story Johnny Rockets was founded in Los Angeles in 1986 and started franchising the following year. The brand bills itself as serving up…
Side-by-Side Comparison Let’s break down the investment comparison between MOOYAH and Wayback Burgers: MOOYAH Wayback Burgers Initial Franchise Fee Initial Franchise Fee $40,000 $35,000 Initial Investment Initial Investment $495,916 – $1,688,251 $209,000 – $698,000 Net Worth Requirement Net Worth Requirement $1,000,000 $400,000 – $500,000 Liquid Asset Requirement Liquid Asset Requirement $500,000 $250,000 Royalty Fee Royalty…
As you explore the dynamic world of the restaurant industry, you’re likely seeking the most profitable and sustainable path to success. Whether you’re a seasoned entrepreneur or a newcomer eager to make your mark, understanding the nuances of different restaurant business models is crucial. Among these, franchising stands out as a particularly compelling option. Let’s…
What is a Global Franchise? A global or international franchise operates under a business model where a company (the franchisor) allows individuals (franchisees) to run their own businesses under the franchisor’s brand and system, but on an international scale. This model combines the franchisor’s successful business strategy with the local expertise of franchisees across different…
A Look at Average Restaurant Profit Margins This average profit margin for restaurant industry operators can be misleading because it doesn’t take into account restaurants that have unique features, such as being part of more than a single sector. For example, Wayback Burgers is a fast-casual restaurant that also offers catering. In addition, Wayback Burgers…
Chipotle’s History With 3,264 U.S. locations, the Chipotle restaurant chain has made a broad impact on the restaurant industry since it burst onto the scene in 1993. Considered a healthier alternative to other quick-service Mexican-style alternatives, Chipotle also revolutionized the type of fast-casual menu customization we see in many restaurants today, which offer customers a…
As you explore the terrain of franchising, you might find yourself inundated with options and varying business models. Learn more about this type of franchise and why it’s a smart investment opportunity. Different Types of Franchises Before we delve into the specifics of business format franchises, it’s important to recognize the broader categories you might…
A Quick Intro Jersey Mike’s was founded in 1956 and has been franchising since 1987. With its limited sub-sandwich focused menu, the brand places an importance on quality over quantity, with fresh ingredients and daily oven-baked bread. Because of the limited menu, Jersey Mike’s locations typically require less equipment and fewer staff than similar restaurants,…
Red Flags to Watch Out For Before you commit to investing in a fast-food franchise for sale, it’s crucial to be aware of potential red flags that could indicate a risky investment. Here are some warning signs to watch out for: Declining sales: Investigate the franchise’s recent sales trends. If you notice a consistent decline…
