Find Out About Our Vancouver Restaurant Franchise Services
We are often asked why would someone choose to open a franchise instead of a standalone one off concept?
In a franchise you would have no control over design, the overall concept or menu so what makes this attractive?
Some operators prefer a more standardized approach to running restaurants and therefore choose to pursue the franchise route.
What this gives them is a controlled process, competitive pricing with suppliers, no concerns about menu development or menu creation and testing.
It also offers a systemized approach to training, branding and marketing Finally construction, and by extension construction costs, as well as scale cost advantages throughout the rest of the operation are some other reasons why this is seen as a more attractive option for some purchasers.
Another advantage to joining a franchise is customer recognition or brand recognition and buying into a well-known company can certainly allow you to capitalize pretty much as soon as you open the doors.
From a business investment point view it can potentially be easier to get financing in place when you’ve already been approved by the Master Franchise, and for for large-scale investors this can be a more stable way to invest into the restaurant industry with the opportunity for territory growth.
For employees this can be seen as a definite advantage in terms of retention as they see a longer-term opportunity with more room for growth and advancement within the franchise concept compared to single store operation.
Some of the downside to a franchise operation is that there is almost always an upfront franchise fee and there can be multiple layers of monthly and or yearly fees to pay to the master franchise these can be termed royalties or marketing fees and sometimes both. Franchise build outs can also be far more expensive than a typical restaurant build as the Master corporation can have vey specific requirements that must be met and fulfilled to their exacting standards.
Please let us know if franchise opportunities are something you maybe interested in, and we will begin the process of assisting you to find a great fit!