When thinking about franchising, restaurants often come to mind first, but are they best? See how a restaurant franchise compares to other types of businesses. Sizing up Your Options Every industry has its pros and cons. Other than restaurants, there are several lucrative and promising business categories that present promising opportunities. But regardless of whether…
The Appeal of A Franchise The best franchises appeal to entrepreneurial-minded individuals because they inspire you to grow your investment portfolio with like-minded individuals attuned to growth. Diversifying through various business opportunities is a sure-fire way to keep things interesting, while allowing you to capitalize on market potential beyond the status quo. Whether you’re new…
When looking to buy a food franchise, it’s important to understand all the fees and costs involved. Learn how Wingstop compares to its competitors. The Wingstop Story The first Wingstop was founded in 1994, and then, due to the growing popularity of chicken wings, the privately-owned company began franchising in 1998. As of 2020, there…
The pandemic has taken its toll on the foodservice industry, but independent restaurants undoubtedly took the bigger hit. Franchise restaurants can exemplify the adage that there’s safety in numbers. The fastest-growing franchises were able to keep going not only because of deeper pockets but also because everyone worked together as a team to come up…
What Makes a Chain A chain business is comprised of a group of stores (two or more) that possess the same brand name, adhere to the same corporate policies, sell the same products, and are all owned by the same parent company. Wal-Mart is an example of a mass retail supermarket chain. Chain businesses may…
A Winning Concept Burger restaurants make up one of the largest segments of franchise restaurants in North America. The global restaurant market is flooded with hundreds, if not thousands, of different burger concepts, but the top hamburger franchises find unique ways to make themselves stand out from the crowd. To appeal to both customers and…
With so many quick-service restaurant (QSR) brands to choose from, it can be overwhelming to know what to look for in a promising investment. Find out these must-do things to be successful in owning a sandwich franchise. A Winning Product The ubiquity of the classic burger presents you with the perfect opportunity to narrow your…
The Importance of A Strong Franchise Brand There are numerous advantages to franchising, not least of which is the benefit of representing a nationally recognized brand name. A powerful brand brings customer awareness to your business before you’ve even opened your doors. Brand awareness is part of a symbiotic relationship between franchisors and franchisees. No…
Jimmy John’s Story Jimmy John Liautaud opened his first sandwich shop in 1983 and has been building his business ever since. Liautaud makes it clear that running a Jimmy John’s restaurant isn’t for everyone. It’s tough to run one of their franchises. Franchisees will spend six hours slicing and baking every day to make a…
Breaking It Down Folks are drawn to the world of franchising for a number of reasons. If you want to capitalize on your funds, be your own boss while benefitting from the support, structure, and strength of a known brand, it might be the perfect fit for you, but not all franchises are created equally.…