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10 Reasons You Should Buy A Restaurant Franchise

Published

5 years ago

April 19, 2020

Ellie M

If you want to venture to a new business, why not buy a restaurant franchise? Did you know that according to data, 63% of the deliveries in cities are for food and restaurants? We’re just talking about deliveries and not the walk-in customers. Imagine the potential of a restaurant business considering that you have a good location and a powerhouse brand name.

10 Reasons to Buy Restaurant Franchise

There are different businesses open for franchising. We have hotels, convenience stores, real estate, child education, home improvement, consultancy, and mailing & shipping businesses to name a few. But why do you think we encourage you to buy restaurant franchise instead? We listed 10 reasons for you below.

1. You Have Options

Most franchises don’t give you options as to how big/small your franchise location will be. Restaurant franchises, especially fast-food, give you typically three options to choose from. Whether you want to manage a full restaurant-sized location or operate a smaller venue inside of a tripe mall, restaurant franchises give you that flexibility. You can also choose from different types of restaurants to open. Here are some of the most common types.

Fast Food – Known as quick-service restaurants. No table service provided.
Fast Casual – They typically have a larger menu compared to fast food. Think about cafes and similar food places. They have limited table service.
Full Service – This is where people could enjoy a full selection of food and drinks. Payment is usually required after the entire dining experience.

2. People-centric

If you’re considering a restaurant franchise, make sure you actually like people. Unlike other types of franchises, restaurants require you to constantly interact with people. You’ll need to get to know the customers, the managers, servers, regional managers, suppliers, etc. It’s a business that serves people and naturally requires good people skills.

If you’re looking for something more hands-off, then restaurant franchises might not be a good fit for you. But if you have the gift of the gab, there are no better opportunities.

3. Extensive Training Process

When restaurants open their opportunities for franchise, they provide extensive training and resources to make sure that the franchisee is well-equipped and can handle whatever comes your way during the first year.

The training process can be extensive, again, unlike most other franchises. This can be viewed as a pro or con, depending on your desired level of involvement. More training for both you and your managers mean everyone will be more prepared to handle the customers, follow the processes, and take advantage of the well-regulated systems in place. This will increase your chance of success.

Obviously, you’ll likely make fewer mistakes and be able to turn over a profit quicker the more comprehensive and interactive the training process is. There are few franchise categories that offer the same level of training as restaurant franchises.

4. Turnkey Operations

This isn’t exactly anything proprietary to Restaurant franchises. Just about every franchise is “turnkey”. Restaurant franchises take that to the next level. While most franchise opportunities claim to be turn-key, in reality, there’s a lot of decisions, investments, and processes that you have to tweak yourself due to location and other factors. It’s about 90% turn-key to be more precise.

Restaurants are as close to 100% turnkey as they come. Every single little decision, operation, and nuances have already been thought out and prepared for you right down to the dimension of the floormat. Love it or hate it, it is convenient and helps reduce decision-fatigue for new owners.

Everything you need is basically right in front of you. You just have to follow the system and you are on your way to making a profit.

5. Easier Financing Process

If you’re trying to open an independent restaurant you’ve probably already been turned down by banks a few times already. Securing financing or loans when trying to open your own restaurant is difficult as restaurants are often seen as high-risk businesses. Restaurant franchises don’t share the same challenges.

Through a franchise, you’ll have a much easier time securing financing and funding. Often times, the franchisors have a partnership with specific financing institutions to help you get the loans you need to get started. You’ll probably get much lower interest rates and higher loan amounts going through one of the preferred partners.

6. Existing Marketing

Since you will franchise a well-known brand or restaurant, your marketing efforts do not need to be grand or costly. The name can speak for itself. Just place signage near your restaurant’s location and you would be surprised how fast the word can spread – thanks to social media.

7. It’s More Profitable

One of the benefits of franchising a popular restaurant is that it generates profit faster than when you establish your own. Again, it’s all about the name and it naturally entices customers to eat at your food place. The initial investment may be steeper, but the return of investment is faster and the long term benefits are much greater.

8. Support System

And once you start your operations, the company will not ‘let you go’. Of course, you have some liberties to decide on the business. But if you need help, the team will always back you up. As much as possible, they want all their franchisees to succeed. Thus, you can expect a strong support system whenever you need it.

9. Consistent Food Standards

Food preparation and quality shouldn’t be much of a concern when you buy a restaurant franchise. Again, everything will be provided to you at the onset. This includes a manual on how you and your team must prepare the food, and how you can maintain an outstanding quality of service to your customers.

How To's

The 10 Best Cleaning Franchises to Buy

Published

9 months ago

February 21, 2024

Dan Wesson

The COVID-19 pandemic may have instilled a bleak perspective on the economy. However, as several countries start to flatten the curve, many business opportunities are trudging to get back up. And if there’s one industry that will emerge amidst this pandemic, it’s the cleaning business.

Regardless of what the economic situation is, a cleaning service will continue to thrive in the market. In fact, the cleaning business market size is estimated at around $74,299 million in 2022. And if you want to gain traction in this industry, a cleaning franchise would be an excellent idea.

Lucky for you, we’ve rounded up 10 of the best cleaning franchises to buy this year.

1. ServiceMaster

As with any other business, ServiceMaster aims to provide exceptional customer service. Their core responsibilities are floor, carpet, janitorial, and upholstery cleaning services. ServiceMaster’s franchising system comes with extensive research, comprehensive training programs, specially developed products, ongoing support, and more. ServiceMaster offers three different franchise models: Disaster Restoration Services, Janitorial Services, and Recovery Management Services. Each model varies in startup costs.

Estimated Initial Investment: $76,500 – $86,500 (Janitorial Services; $144,500 – $189,500 (Disaster Restoration Services); and $165,150 – $274,150 (Recovery Management Services)
Royalty: 5% (not applicable for Recovery Management Services)

2. Jan-Pro

Jan-Pro offers various franchise options. But whatever you choose, the esteemed company boasts of the Jan-Pro Guarantee. Jan-Pro believes that for a cleaning service to thrive, it must have a seamless system in place. The Jan-Pro Guarantee includes three systems that they consider as the core of their business:

Signature Clean
Technics
Tracker

Franchisees may also choose from three options: International Master Franchise, Executive Business, and Home-Based Franchise.

Estimated Initial Investment: $127,500 – $768,000
Royalty: 4%

3. Molly Maid

When choosing a cleaning franchise, opt for a company that has a decades-long experience. Molly Maid has been servicing clients for over 30 years. Molly Maid provides home cleaning services on a weekly schedule. The company never fails to adhere to the CDC sanitization guidelines as well. In fact, their professional-grade products are EPA-approved against the Coronavirus.

Estimated Initial Investment: $110,200 – $155,200
Royalty: 3 – 6.5%

4. Vanguard Cleaning Systems

Vanguard Cleaning Systems takes pride in its unparalleled service, which centers on integrity, trust, execution, and quality. Since 1984, Vanguard Cleaning Systems has been providing commercial cleaning services to businesses and corporate clients in North America. You can depend on their customer support staff, and account liaison for a seamless partnership.

Estimated Initial Investment: $147,375 to $460,750
Royalty: 5%

5. College Hunks Hauling Junk

College Hunks Hauling Junk is the cleaning franchise for you if you find gold in moving and hauling junk. They are a tech-enabled, purpose-driven, values-based, and a socially conscious team of junk haulers. Plus, the company promises an enthusiastic and fun culture for franchisees and clients alike. Join a team of HUNKS, which means Honest, Uniformed, Nice, Knowledgeable, Service.

Estimated Initial Investment: $95,700- $231,200
Royalty: 7%

6. Maid Simple

Maid Simple boast of cleaning services that are “made simple.” By letting clients customize their cleaning services, they ensure all needs and preferences are met. The company offers cleaning services to both residential and commercial clients. Here are the services they provide:

General maid services
Home or residential cleaning
Apartment and condo cleaning
Small office cleaning
Green cleaning

Estimated Initial Investment:
Royalty:

7. Oxi Fresh Carpet Cleaning

If you want to focus on carpet cleaning solely, this company is an excellent choice. You can tell from over the 125,000 world-class reviews on their website alone. Oxi Fresh Carpet Cleaning takes pride in oxygen-powered products, an hour of dry time, and sustainability. Their commitment to the environment means the company supports Water.org to resolve the global water crisis.

Estimated Initial Investment: $45,465 – $75,690
Royalty: N/A

8. Chem-Dry Carpet Cleaning

Chem-Dry Carpet Cleaning has over 35,000 franchises in more than 53 countries. It’s deemed as the biggest cleaning franchise the world over. Moreover, Chem-Dry Carpet Cleaning is the best upholstery and carpet cleaning franchise in more than 30 decades. In fact, the company’s bottom line is experiencing a fast growth of three percent year on year.

Estimated Initial Investment: $67,645 – $185,757
Royalty: N/A

9. Renew Crew

Another specialty cleaning service will gain traction in the next years, and it’s the outdoor cleaning business. Renew Crew is the name to count on when it comes to cleaning, protecting, and sealing the outdoor surfaces. The company caters to both commercial and residential properties. Plus, they use a pressure washer system that provides these three unique services:

Exclusive eco-friendly products
Unique three-step process
Extensive services for every homeowner’s needs

Estimated Initial Investment: $39,175 – $92,625
Royalty: 7% ($1,000 monthly minimum)

10. Buildingstars

Since its inception in 1994, Buildingstars has been providing commercial cleaning services in Houston, Austin, Tampa Bay, Chicago, Charlotte, New York, and more. They offer services such as green cleaning, nightly cleaning, floor care, carpet maintenance, and even consulting services.

Estimated Initial Investment: $2,200 – $53,200

Wrap Up

If you want to venture into an industry that will survive amidst any pandemic, try out the cleaning business. Opting for a cleaning franchise means you’ll have a turnkey opportunity to start a lucrative business without the heavy lifting.

News

Jersey Mike’s Tailgate Tour With Fox Sports

Published

3 years ago

September 1, 2021

Peter Bolic

Jersey Mike’s Kicks Off College Football Trivia Game and Tailgate Tour with Fox Sports

MANASQUAN, N.J., Aug. 30, 2021 – College football season is here and Jersey Mike’s Subs is teaming up with FOX Sports to celebrate by offering a College Football Trivia and Rose Bowl Stadium Sweepstakes when it hits the road this fall for the multi-city Jersey Mike’s Tailgate Tour.

After a year off due to the pandemic, the 14-week, 14-stop mobile tailgate tour is back, kicking off with the Ohio State vs. Minnesota game on Thursday, Sept. 2 in Minneapolis, Minn., which will be aired on FOX.

Partnering with FanHub, Jersey Mike’s will celebrate its return by releasing trivia games for 49 participating NCAA football schools, including five questions for each developed by team insiders. Fans can download Jersey Mike’s app to play.

Upon completion of the trivia quiz, fans will be automatically entered in a sweepstakes for a chance to win a VIP trip for four to Rose Bowl Stadium to celebrate America’s New Year’s Celebration^®, which includes game tickets, round trip airfare, hotel, Rose Parade^® presented by Honda tickets, pre-game hospitality area and private tour of the FOX Studios in Los Angeles. In addition, trivia players will be rewarded with six Shore Rewards points to redeem in store, in-app or online.

What the Team Has to Say

“We are looking forward to working with FOX Sports and connecting with hungry college football fans across the county,” said Rich Hope, Chief Marketing Officer, Jersey Mike’s Franchise Systems, Inc. “Our goal is to deliver a fun, interactive game day experience and introduce fans to our mobile app.”

FOX Sports will air 30-second commercial spots promoting the sweepstakes. The Jersey Mike’s Tailgate Tour will also visit local FOX affiliates in tour locations, providing staff members with a free lunch and a chance to participate in the tailgate experience in the days leading up to select games. In-store display signage will remind guests to download the app and play the sweepstakes/trivia game.

“We are thrilled to team up with Jersey Mike’s for what promises to be an exciting college football season,” said Robert Gottlieb, Executive Vice President, Marketing, FOX Sports. “As we welcome fans back into stadiums and tailgates, we are eager to elevate the college football fan experience in unique ways across this multi-city tour.”

Jersey Mike’s Tailgate Tour

In addition to its first stop at the University of Minnesota, the 14-week college tailgate tour will make stops at Penn State, Ohio State, Michigan, Rutgers, Texas Tech, Tennessee, Florida State, Clemson, Arizona State, Texas, USC and Washington, culminating in the final stop at Rose Bowl Stadium on Jan. 1, 2022.

The fully customized tailgate trailer will give football fans a chance to sample Jersey Mike’s authentic fresh sliced subs, download the app to enter Jersey Mike’s College Football Trivia and Rose Bowl Stadium Sweepstakes, and experience other game day fun including:

· Outdoor lounge with Adirondack chairs and picnic benches

· “The Juice” mobile device charging station

· Corn hole lawn games

· Interactive kiosk display

· Giveaways

· FOX Sports “Cleatus” character appearances and live game action on outdoor TV

The branded trailer will be placed in high traffic locations on each campus near tailgaters and stadium entrances for up to five hours before kickoff.

Van Wagner Sports & Entertainment is the production agency for the tour.

About Jersey Mike’s Subs

Jersey Mike’s Subs, with more than 2,000 locations nationwide, serves authentic fresh sliced/fresh grilled subs on in-store freshly baked bread — the same recipe it started with in 1956. Passion for giving in Jersey Mike’s local communities is reflected in its mission statement “Giving…making a difference in someone’s life.” For more information, please visit jerseymikes.com or follow us on Facebook (facebook.com/jerseymikes), Instagram (instagram.com/jerseymikes), and Twitter (twitter.com/jerseymikes.com).

For all your franchise industry news, follow FranchiseHOW.

News

Choice Hotels Reveals Next Milestone For Flagship Brand: The Comfort® Rise & Shine™ Prototype

Published

4 years ago

April 1, 2021

Dan Wesson

Choice Hotels International, Inc. unveiled the new Comfort Rise & Shine prototype as the next milestone for its flagship, upper midscale brand. The prototype celebrates the successes of the iconic brand as Comfort marks its 40 th anniversary this year, and positions the brand for continued performance and system growth. The first new construction Rise & Shine prototype hotels are expected to open in 2023.

“At Choice, we’re always building, innovating and evolving, with guest satisfaction and owner return at the forefront of what we do,” said Pat Pacious, president and chief executive officer, Choice Hotels. “After finishing Comfort’s multi-year, $2.5 billion transformative journey, which resulted in upgraded guest rooms and public spaces, as well as a new logo and signage, the ongoing success of the brand is proof positive that we invest for the long term. Over the last 40 years, our strong franchisee collaboration and guest loyalty has built one of the industry’s leading brands in the upper midscale segment — a brand that has time and again shown its strength and resiliency through dynamic economic climates. Now that the Comfort refresh is complete, we are introducing the next milestone for our flagship brand: an exciting, new prototype that is designed to maximize return on investment.”

The new Comfort Rise & Shine prototype builds on the features that have made the brand a long-time favorite of developers in the upper midscale segment including:

An efficient footprint : With reduced square footage, the Rise & Shine prototype delivers elevated fit and finish while maintaining Comfort’s efficient, cost-effective operating advantage.Innovative functionality : From a welcoming outdoor porch to an innovative new flex room that easily transforms from additional breakfast space to meeting and event space, the new prototype offers versatile spaces that can create additional revenue opportunities.Flexible and fresh design : Backed by extensive consumer research and developer feedback, the Rise & Shine design package comes in three color schemes, allowing developers to customize their choice to fit the needs of their local market, all while retaining the warm and welcoming personality for which Comfort is known. Developers can choose among the following:

City – bold yet approachable with rich wood tones and an energized color palette. Sea – calm and soothing with muted colors and light wood tones. Sun – vibrant and cheerful with a relaxed yet optimistic feel.

“Upper midscale and midscale are Choice Hotels’ sweet spots, and no one knows these segments better than we do,” said David Pepper, chief development officer, Choice Hotels. “More than ever, developers and guests are gravitating towards established brands they know and trust — brands like Comfort. Whether looking to build new construction or convert existing businesses, the Comfort Rise & Shine prototype was flexibly designed to accommodate a broad spectrum of investment opportunities coupled with access to Choice’s industry-leading resources and technology. As owners look to build for tomorrow, they will be well served by building Comfort.”

The new prototype was designed in response to evolving guest needs with tailored spaces for travelers to relax, work, sleep and get ready for their day. New and existing elements of the design combine to maintain connective threads to the best of the current offering, while adapting to meet the changing needs of today’s traveler. Some of these updates include:

Outdoor patios anchored by an indoor/outdoor fireplace, designed to give guests a warm welcome and make them feel at home.Open, airy and active public spaces with high ceilings and floor-to-ceiling windows to maximize natural lighting.A multi-purpose flex room that seamlessly converts to serve a variety of uses.Guestrooms featuring upgraded fixtures and furniture, including semi-open closets and new “on the go” stations at the door.Functional yet uplifting lighting throughout the prototype including the front desk welcome wall, public space millwork shelving, exclusive up-lighting on the guest room headboard wall and media panel and on the prototype exterior.

“As the name ‘Rise & Shine’ suggests, light is integral to the new design, inspired in part by our refreshed brand identity and new signage serving as a beacon for the brand,” said Megan Brumagim, vice president, brand management, design and compliance, Choice Hotels. “The prototype combines the features, design and amenities that guests want, with the efficiency, functionality and flexibility that developers expect. It offers spaces that can transform from day to night and serve a broad range of guest stays, whether business or leisure. The new prototype reinforces the brand’s strong value proposition with guests and owners by blending form and function to help optimize the guest experience and developers’ investment.”

Whether hosting a family on a road trip or a business traveler with an important client meeting, Comfort guests will continue to enjoy the spacious guestrooms, complimentary hot breakfast, free Wi-Fi and 100% smoke-free facilities that they expect from the brand.

Comfort has more than 1,600 hotels coast to coast in the U.S. and a pipeline of nearly 300 properties, about 80% of which are new construction. Choice Hotels listened closely to guests and owners when developing the new Comfort Rise & Shine prototype, and it has already received enthusiastic reviews from existing Comfort franchisees, who are eager to invest in the future of Choice Hotels’ flagship brand.

“It’s not every day you can say that you directly influenced a brand’s new product, but the Comfort prototype is a great example of how Choice Hotels’ collaboration with owners and developers ensures a win for everyone,” said Azim Saju, chief executive officer and president, HDG Hotels, and owner of 10 Choice-branded hotels. “I’m always looking for ways to optimize returns from my investments. I know Choice is too. I’m proud to have been a part of an incredible project that will be a game changer in the market for current and prospective owners as well as our guests.”

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