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The Six Most Common Franchise Problems (And How to Solve Them)

7 Shifts

Instead, these locations are franchised, meaning a company (the franchisor) allows an individual or group of partners (the franchisee or franchisees) to run a location of that restaurant under a certain operating agreement. At a glance, opening and operating a restaurant franchise seems like a near-perfect business decision.

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Seven Tips to Help Restaurant Owners Avoid Common Pitfalls and Grow

Modern Restaurant Management

My first KFC franchise burned to the ground. If you are not purchasing land, check the rent and lease agreements, and local regulations (such as zoning laws, permits, and licenses required). This word-of-mouth advertising encourages people to try you out. The third KFC we opened and a second TGI Fridays we operated both failed.

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May/June 2021 Legal Update

Modern Restaurant Management

The law allows home cooks to prepare meals from their homes and sell to consumers without being a licensed kitchen. The bill would have had a dramatic impact on fast food franchises. Utah is now the second state (after California) to adopt legislation permitting microenterprise home kitchen operations. Litigation.

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How Insurance Needs Differ for Traditional Restaurants v. Mobile Food Businesses 

Modern Restaurant Management

Advertising protection. General liability can also protect your business against claims associated with personal and advertising injury. Running your alcohol-related business without this insurance could result in your business license being revoked. Commercial auto coverage. Tools and equipment protection. Dram shop law.

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Owning a Bar: Everything You Need to Know

7 Shifts

Buying into a franchise can be a good option because it provides support and brand recognition. Sorting Out Paperwork and Licensing Below is a breakdown of the licenses and documentation you'll need: Business license : The cost of registering your business will vary by state and includes a registration and filing fee.

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How to Read a Restaurant P&L (Profit and Loss) Statement + Free Template

SpotOn

Digital advertising, marketing software , printed menus, signage, promotions, and loyalty programs. Spotify, ASCAP/BMI licensing fees), and special events. Think of your lease, insurance, and licenses. Rent or lease payments, property taxes, and common area maintenance (CAM) fees Licenses & Permits. Occupancy costs.

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How to Create a Practical Restaurant Budget

ChowNow

Startup Budget This covers initial costs such as equipment, licenses, renovations and initial inventory. Note that this budget could apply to a new restaurant, a new branch/franchise or a major renovation. Allocating funds to promotional activities and advertising will help drive customer traffic and increase sales.