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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. Tech organises data from many sources and outlets into insightful dashboards. 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.