3 Things You Should Know About Franchising

If you are thinking about becoming a franchisee, there are a few things you should know first. Some preparation is required before investing in any type of franchise, especially a food franchise.

Our restaurant franchises, for example, require at least these three things. There are a few other requirements but let’s start with the basics.

Topics of Discussion

• Legal Requirements
• Money to Start the Franchise
• Management Experience and other Leadership Skills

1. Aside from the legal requirements needed for the franchise (leases and permits for the site, etc.) you may need to satisfy any legalities having to do with cooking and serving food. Our franchise group has resources allocated for you to help with legal requirements during the start of owning your own restaurant franchise. We also have a Franchise Disclosure Document available for those interested in pursuing a career with franchising. Click here to request more franchise information and get a Franchise Disclosure Document.

2. Like at the start of any new business, a sum of money is required to start your own restaurant franchise. You will receive the exact amount when you inquire about starting a franchise and when you receive your copy of the Franchise Disclosure Document. You will be asked about your liquidity and cash available for investment. If you are interested and have the funds, get started today! If you are interested and don’t yet have the funds, speak with a franchise representative to learn more about what you need to save.

3. A certain amount of experience and education is preferred, but not required for restaurant franchise owners. While many of the skills will be learned on site, you will be expected to be able to handle high amounts of stress, be able to work well with others, meet deadlines, and other requirements set by the company owners. If you choose to work in your store, you will most likely be managing a team of employees. It’s beneficial to you and your business to know how to lead and manage during busy and possibly slower times of year.

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Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.