Restaurant Franchising: Three Things to Think About
Restaurant franchising is a big decision with lots of risk. Before opening another location or officially franchising your restaurant, make sure that you have a plan in place. Consider these three things before franchising yours!
1. Talk to People
When doing restaurant franchising you will want to have a consultant and a lawyer around to make sure that you are on the right path. Consultants can help you figure out the best way to conduct business and make money from your franchise. Lawyers can help you make sure everything is squared away, legal, and ready to go! Make sure you find a winning combination for a lawyer and a consultant that you feel comfortable working with – remember – these people will be laying the foundation for you business!
2. Operating Procedures
A good franchise has a high level of standardization. This way customers will know what to expect from place to place in your franchise. Well run franchises are successful because the customer service, menus, and way the restaurant is run are the same from place to place. Make sure you spend plenty of time developing standard operating procedures to keep everything orderly.
Now that your high volume independent restaurant has done well on its own and you’re considering restaurant franchising – you need to think your brand in the bigger picture. Depending on how large you are thinking of expanding, your brand will need to be unique and be associated with something new and exciting – as well as quality.
Foodservice database company has been supplying restaurants and foodservice businesses with its unique databases for years. In addition to our database for independent restaurants, we also offer a chain restaurant database and a foodservice distributor database.