Financial Transparency All franchisors are required to provide a Franchise Disclosure Document (FDD) to potential franchisees at least 14 days prior to signing contracts or collecting any payments. The FDD is a comprehensive legal document that gives interested investors the information they need to make an informed decision about the franchisor, including financial standings. Some…
A Measured Approach Franchising is perfect for individuals who want to enjoy the freedom of being their own boss while benefiting from the training, support, and strong reputation of a nationally recognized brand. In addition to earning a solid annual income, owning a franchise means you can skip the opening legwork entailed in advertising, marketing, product development,…
The Rise of The Ghost Kitchen The concept of a ghost kitchen or “virtual restaurant” is fairly new to the dining lexicon. Essentially, they are fully functional restaurants without the dining space. They exist to sell and fulfill online food orders for third-party delivery platforms such as UberEats and Grubhub. Or they operate independently. They…
Burgers are one of Americans’ most beloved foods. Enjoyed by folks on almost any occasion, the burger industry makes $100 billion in revenue annually. Even within such a broad and varied marketplace, some franchises manage to stand out from the pack both in terms of guest appeal and franchisee success. Trying to find out what…
If you’re looking for the best investment when starting your burger restaurant, take a look at how BurgerFi stacks up next to its competitors in terms of cost and profitability. Affordable franchises in fast-casual burger businesses are an attractive choice, enabling entrepreneurs to open rising brands with growth potential while enjoying the satisfaction of knowing…
Jersey Mike’s Subs The Jersey Mike’s franchise is a leader in the fast-casual sandwich sector. The franchise fee to open a Jersey Mike’s location is $18,500 with total initial costs ranging between $169,001-$804,045. As with any franchise, the range of costs depends on various factors: location fees, construction and design, permits, insurance, opening inventory, and…
The COVID-19 crisis brought about a mountain of unforeseen challenges to the restaurant industry, across all sectors. While closures and restrictions at the start of the pandemic were devastating in many ways, it also presented us with an opportunity to reflect and learn how we could adapt and improve our practices as we moved forward…
Why Design Matters The fast-casual category has evolved into one of the restaurant industry’s dominant forces. Bridging the gap between traditional fast food and fine dining, it offers more bang for the buck, appealing to consumers on a budget while also drawing those who are more culinary adventurous. But it’s not just the quality of…
The size of a brick-and-mortar location, often referred to simply as “square footage,” is a key factor in the success of a business. This line item makes up a considerable percentage of your fixed costs, ultimately impacting your bottom line. What Is Sales per Square Foot? The dollar value of sales per square foot…
Make a Plan Whether you intend to open an independent business or buy a franchise, a clear and informed business plan will lay out your mission and objectives to help you stay on task. Several unique factors contribute to the success of a restaurant including the location, market position, menu selection, and atmosphere. A high-frequency…