Food based franchises are big business. The International Franchise Association notes that quick-service restaurants in particular contribute more to USA GDP than any other line of business. With that in mind, it makes sense that today’s commercial investors are not only purchasing offices but also takeaway outlets that are for sale, especially as smaller footprint outlets like counter shops or beverage bars require less in terms of real estate.
The format of a franchise is straightforward in that you can become a franchisor to sell a specific product or service which is already established with the franchisor’s trademark and operate according to their terms and conditions. In exchange for access to a brand name, marketing support, training and the vast network that a franchise provides, you will pay the franchisor ongoing fees and other royalty payments to operate under their model. You ‘ll also benefit from existing supplier-dealer relationships and contracts that can streamline your supply chain and save costs on logistics or time spent developing your own operating systems and processes.