Share:
INVESTING IN A RESTAURANT CHAIN/ FRANCHISE?
10 Answers
Not all restaurant chains are franchises., Starbucks For example is one of the most recognized chains in the world, but it is not a franchise.
That’s right, marlamad, it is corporate owned and operated..
Before pursuing any restaurant franchise, first, find out if it will fill a market niche, like doing a study of the local competition as well as a profile of the local economy.
Restaurant franchises are expensive ventures and you must have experience, as is an important factor in opening a restaurant franchise.
Buying a restaurant franchise offers many benefits… However, it does require significant capital and comes with many legal strings!
If you look for a less costly investment and more creative freedom, I suggest you to open an independent restaurant, starting with a food truck or even trying out self-catering
That’s a good point Wayne.-M, is a way to get into the food industry. .
There are a lot of benefits of restaurant franchises, such as instant name recognition and built-in marketing.
Buying a restaurant franchise is not always as easy or as cheap as one might think.
Thanks a lot for your opinions, it has been helpful
Recent articles
Do you want to invest overseas? Investing overseas can provide investment opportunities not available in the U.K. However, if you want to discover if international investments are right for you, have a look at our guide and learn everything you should know about their risks and benefits.
How has Brexit impacted investors? Is it the right time to invest? Trying to predict which sectors will gain or lose is pointless. However, you can surely read this article and discover the consequences of Brexit on economy and investment.
Many people are thinking about gold bullion as an investment. However, learning how bullion investments works can be the difference between failure or success. Therefore, make sure you understand everything we explain in this article before making your investment.