Remove Audits Remove FOH Remove Hiring Remove License
article thumbnail

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

Apicbase

You should be able to give potential franchisees a complete overview of their estimated expenditure, from the initial start-up investment to infrastructure, licenses, and royalty fees. Audited financial statements can reassure potential business owners and investors. 1 Franchisees have to make a substantial investment.

article thumbnail

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

Apicbase

The cost estimation segment describes franchisees’ estimated expenditure, from their initial start-up investment to infrastructure, licenses, and royalty fees. Hire an expert to ensure the agreement covers everything that is legally required. We recommend hiring the following roles: 1. 4 Write A Bulletproof Franchise Agreement.

article thumbnail

Ultimate Guide to Restaurant Management Software

Lavu

Front-of-house (FOH) management. It also creates an audit trail that can be used to identify all processes and ensure the accuracy and completeness of the information. . However, hiring a restaurant accountant can be an expensive venture for your business. Licensing types for restaurant software. Employee scheduling.