3 Things to Know before You Franchise Your Restaurant

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If you are a restaurant owner, you probably already know that there are a couple of different models for business growth. In the restaurant space, franchising tends to be one of the more popular models. From fast food joints to fine dining experiences, a lot of our favorite restaurants utilize the franchise model. But, what do you need to know before you franchise your restaurant?

Let’s be honest – franchising can be scary. Deciding to franchise your restaurant is a big decision that takes a lot of time, money, and commitment. As a restaurant owner, there are a lot of unknown elements that might keep you from entering the franchise space. Some people may be uneasy about the prospect of giving up control over a business or brand they’ve worked so hard to build. Some may be worried that they will be unable to run a successful franchise system. Others might just be afraid to step into a field they are unfamiliar with.

So, in this episode, I’m covering the three things you need to know before you make the decision to franchise your restaurant!

Episode Overview:

  1. Working with a knowledgeable attorney is invaluable – starting at 2 minutes and 45 seconds;
  2. Clearly defining your processes and procedures will make franchising easier  – starting at 4 minutes and 30 seconds;
  3. Operating multiple locations before you franchise may help you work out problems with your business model  – starting at 6 minutes and 52 seconds.

Or, VIEW THE SHOW NOTES!

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About the author, Josh

Josh Brown is a franchise and entrepreneurial attorney that helps buyers, owners, and expansion-minded businesses find success through franchising. When not working on his two businesses, you can find him on the golf course or spending time with his wife and three beautiful daughters.

1 Comment

  1. Connect Franchise on 02/09/2017 at 1:39 AM

    This website was… how do I say it? Relevant!! Finally I have found something which helped me. Thank you!
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    Franchise Consultants

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