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Pitfalls Of Starting A Restaurant Franchise — Is Your F&B Concept Fit For Expansion? Are You Ready To Deal With Franchisees?

Apicbase

Audited financial statements can reassure potential business owners and investors. They typically won’t get a say in operating hours, advertising, menus, or staff structure. In addition, it will ensure BOH and FOH efficiency (and consistency) for years to come. In addition, franchisees are always held accountable to you.

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How To Run A Successful Restaurant Franchise — 10 Essentials For Sustainable Growth

Apicbase

Besides cost estimates, audited financial statements and projections should be included, like: the expected growth rate for (at least) the first year; the estimated restaurant cash flow; the expected payback period. Once you’ve ironed out all the details of your franchise business model, it’s time to market and sell it.