Being a franchisee comes with its own set of challenges, but there are many benefits as well. When you’re an entrepreneur it gives you the chance to build something that is yours and watch it flourish. It also memes you don’t have to start right from scratch, that’s where the Recipe franchising team comes in. Whether you’re looking to open a new restaurant or an existing franchise the team will identify what suits your goals best.
Franchise models offer entrepreneurs the freedom to create their own business, while having access to a framework that can help you along your journey. When thinking about becoming a franchisee here are some benefits to consider.
If these perks are intriguing, franchising might be the right venture for you. Franchises allow you to appease your entrepreneurial spirit, while also giving you some guidelines to work within so you’re not totally doing it alone.
Here are some of the benefits of owning a franchise versus starting a business from the ground up.
Every franchise runs a little differently. At Recipe, our model is to allow the franchisee the freedom of owning their own location. We also can assist with renovating existing restaurants/spaces into an operable franchise location. And, if need be, we have in-house real estate professionals as well as professional design and construction teams that can help you find and secure the right space to fit your needs.
That’s right. You get to select and assemble the people you feel will bring you success and align with your business goals. Creating your own team from the ground up allows you to build workplace culture and a positive environment.You’re able to choose the people you feel will ultimately lead your business to success, with your guidance of course.
Working with Recipe provides you with the freedom to run your business how you see fit, but with a built in framework that offers boundaries and guidelines for how the business should be run. This can be helpful for you when settling management issues and ensuring standards in quality, and employee conduct. In Recipe’s case, starting with one of our franchises offers you a competitive advantage in purchasing, real estate, construction, marketing, and information technology. There are plenty of resources you can draw from to help your business succeed.
Brand power is a huge value proposition for establishing trust with your customers. If you’re joining forces with a name that has already been in the industry and established a great reputation over the years, it’s like starting the race mid-way down the track. It also means that customer expectations will be higher for what your location can deliver, but this is usually a good problem for entrepreneurs to have (i.e. keep the fire in your belly, as mentioned above).
This is probably one of the biggest considerations for entrepreneurs. You want to blaze your own trail. You call the shots. This is the same for owning a franchise versus your own startup business. The real difference with a franchise is that you start off with all the advantages of a successful model behind you. This can be a real advantage when hiring and for appealing to new customers.
If you’re interested in finding out about an opportunity that fits your entrepreneurial needs, get in touch with us. We’d love to meet you and see how your story might fit with ours!