Becoming a restaurateur means a lot of decision-making. You need to be intentional with every dollar and have a clear picture of exactly what you want to achieve with your business. It can be overwhelming, and even a bit lonely if you don’t have a circle of support who understands your passion.
However, here’s the good news… while there are many ways of becoming a franchisee—running a successful restaurant usually comes down to four key (but beautifully simple) pillars:
One thing that sets Craveworthy Brands apart is our C-Suite. We’re actively operating franchises right alongside you. We experience the ups, downs, and everything in between—so we get it, and know how to help our franchisors navigate the industry with the least amount of strife.
The biggest “downside” to working with an established franchisor is the upfront costs. It definitely requires a larger investment (upfront) than working with an emerging brand… but the key word here is investment. The money you put in isn’t based on guesswork and potential.
Your ROI is a great deal more secure and efficient because established franchisors demonstrate a track record of success.
You get what you pay for, and if you want your franchising future set on a solid foundation, a restaurant platform company is your best bet.
There are those who enjoy the added control that emerging brands can provide. Whereas established platforms have a firm direction, policy, and strategy, emerging brands can (sometimes) be more malleable to your influence as a franchisee.
You may be able to impact decision-making, but you also have to remember that this illusion of control actually comes with a lot of risks, too. If you don’t mind giving up some brand influence for a tried and tested blueprint for success, this might not be a con at all.
Operating your first franchise is an exciting and overwhelming new venture. It takes someone with great vision, passion, and perseverance to even think about entering the restaurant business. So, take this moment to give yourself a major pat on the back for being one such individual. After all, you’ve already proven your ability to succeed just by opening this blog post and learning about your options.
And, while the restaurant business can be challenging—when you prime yourself for success by surrounding yourself with people who know what they’re doing, and want to see you thrive… that sense of challenge becomes just a gratifying stepping stone toward your dreams coming to life.
If you’d like to learn more about working with a franchisor who knows exactly how to help you reach your goals—and understands the business because we’re actively IN the business—speak with one of our franchising experts today!
We’ll help you see just how easy a successful franchising recipe can be (in this case, there’s no such thing as too many cooks in the kitchen!)
Sources:
https://www.restaurant365.com/blog/must-have-restaurant-technology-for-2023/
https://www.restaurant365.com/blog/must-have-restaurant-technology-for-2023/
https://www.craveworthybrands.com/our-leadership
https://www.craveworthybrands.com/contact-us