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Do’s and Don’ts for Food Court Franchises
Are you thinking about investing in a food court franchise? It makes smart business sense, especially when you consider how popular malls are. No matter how busy a mall is, you’ll always find customers in throughout the mall eating pretzels, grabbing pretzel bites to go, or grabbing a delicious lemonade to sip on as they peruse the mall. Before you dive in though, you might want to consider some of the following do’s and don’ts for food court franchises like Pretzelmaker.
Topics of Discussion
- Do Invest in a Business You’ll Enjoy
- Do Your Research
- Don’t Try to Do Everything By Yourself
- Do Put Together a Business Plan
- Don’t Invest Until You Try
1. Just because something appears to be a good opportunity on paper, doesn’t mean it’s going to be the right business for you. You have to enjoy owning and operating a food court franchise in order to stay motivated and inspire your staff and customers. On the plus side, a franchise business takes a lot of guesswork out of your menu, equipment, and setup operations. In fact, those elements have all been worked out which makes for a huge stress reducer. In other words, once you’re open for business, it should be a smooth operation that you’ll enjoy going to!
2. Before investing in a food court franchise, you want to find out as much about the company as possible. How long have they been in business? How many other franchises are there? What are the franchise fees? What kind of support will you receive from the parent company? Those are just the beginning of the questions you’ll be asking as you compile your research in order to make an informed decision.
3. Opening a food court franchise is going to require a lot of support. Not only will you need support from your staff, but also from your family. Those initial weeks leading up to opening could mean a lot of long hours, so you want to make sure your family is on your side. The stress will carry through after opening until your store finds its rhythm and establishes itself. You’ll also have support from the parent company. Use that to its full advantage. It’s one of the reasons why people buy into franchise businesses in the first place: they don’t have to go at it alone.
4. Just because you’ll be given a lot of guidance from the parent company, doesn’t mean you can get by without a business plan. It’s essential for any type of investment in a franchise that you have a specific set of goals set down on paper. You’ll also want to share the plan with your employees. Engage them to help achieve your goals and try to incentivize them if they do. Your road map for growth is theirs, too. If they don’t know your goals and how you plan to achieve them, it’s hard to hold them accountable otherwise. And always inspect what you expect.
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.
