To franchise or not to franchise?

Here are some tips on knowing how and when your restaurant is ready to become a franchise. It is important to know how to move forward in looking to become a franchised company. First when looking for a partner it is important to know that it is best to find a partner with experience in the industry. Be ready to walk away from offers if they do not fit your company perfectly, even if it sounds really good. Create a system that works for you and your company before becoming a franchise. Be ready to train and market your restaurant to meet the needs of many possible customers.

Key Takeaways:

• Make sure you have strong partners that know exactly how to run a franchise and are capable of running a successful restaurant.
• Don’t take every offer that seems good. Sometimes it is to good to be true and you will end up investing more time that humanly possible.
• Many restaurants are jumping into becoming a franchise and that means no more trying a new recipe because it will affect all of the other restaurants.

“Franchising can provide an attractive vehicle for quick expansion of a young restaurant concept.”

Read more: http://www.restaurant-hospitality.com/management/franchise-or-not-franchise