Should You Buy a Restaurant Franchise or Just Open a New One?
If you are considering running a restaurant or food service business, there are two ways that you can go about it: buy a restaurant franchise or buy a stand-alone restaurant/ set up a restaurant from scratch in a new location. Whatever the case, if you are interested in the restaurant business you will have to make a choice that present fewer risks.
Franchising is a business model that has proven successful for many businesses over the years. It is a process where the franchisor or business owner sells to a third party or franchisee the rights to use the business name and system of doing business for a certain period of time.
In order to make a good decision, you need to know the reasons for and against each of the two routes.
Reasons to go for a restaurant franchise
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