How to franchise “my” business? Most franchisors ask this when they’re franchising their brands. To franchise your eatery, you must ensure that your brand is ready for it. Check your restaurant model, fund, market popularity, and profit before deciding anything. Besides, you should also look for the right franchisees for your restaurant franchises.
Franchise “My” Business 101 How to Find the Right Restaurant Franchisee.pdf
1. Level 1, 97 Grafton St Bondi Junction
Franchise “My”
Business 101: How to
Find the Right
Restaurant
Franchisee?
2. How to franchise “my” business? Most franchisors ask this when
they’re franchising their brands. To franchise your eatery, you must
ensure that your brand is ready for it. Check your restaurant
model, fund, market popularity, and profit before deciding
anything. Besides, you should also look for the right franchisees for
your restaurant franchises.
INTRODUCTION
3. WHY LOOK FOR IDEAL
RESTAURANT FRANCHISEES?
Franchisees are the ones to manage the success and growth of
your restaurant franchises.
Franchisees help in franchise marketing to uphold the image of
your restaurant.
Your franchisees will follow the system and operations of your
restaurant brand to run the franchise units.
If you’re planning to expand your brand through franchising, you
must hire the right franchisees. Here’s why,
HOW TO FIND IDEAL
RESTAURANT FRANCHISEES?
Finding ideal franchisees for your eatery is hard. You can’t hire
random people for the franchises. Looking at the ideal places will
work. And here’re them,
Check through the network of your current and past
franchisees.
Consult with a professional franchise consultant.
Post on your restaurant website and social media.
Look for the one in industry events.
Browse through franchise opportunity lists.
Ask around your customer database.
4. WHAT PROFILES YOU SHOULD
CONSIDER?
They’re hard workers with no scaredness of rolling up their
sleeves.
Their primary goal is not about getting rich fast.
They’re not intending to reinvent your restaurant.
They’ve got a strong network of supporting family members
and friends.
They’ve relevant experience.
One of the essential facts about hiring the ideal restaurant
franchisees is to know their qualities. And here’re the traits of an
ideal restaurant franchisee,
WHAT PROFILES YOU SHOULD
AVOID?
Hiring the wrong franchisees can make your franchises fall and
make a bad image of your eatery. Hence, you should avoid hiring
the profiles with the below traits,
Profiles with no experience in marketing and sales.
Profiles with bad performance or poor skills.
Profiles with no vision for the business and future trends.
Profiles with poor credit history.
Profiles with issues of control share with others.
5. CHOOSE THE RIGHT
FRANCHISEE
Can’t decide how to be a successful restaurant
franchisor? Before asking about how to franchise
“my” business, look for the right franchisees. And
having a proficient consultant by your side can
help you with that.
ABOUT THE TEAM
The Franchise Institute is one of the top
franchise consultancies in Australia. With years
of skills, they’re the best ones. Regardless of
the size and niche of your brand, they can help
you expand it nationwide through franchising.