Opening a Restaurant Franchise – Your Essential Checklist | Finance from AllBusiness.com
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Opening a Restaurant Franchise – Your Essential Checklist

Buying a restaurant franchise is a great alternative for entrepreneurs who may be reticent about starting or investing in their own independent restaurant business - especially during a recession. In addition to the training, marketing support, and brand prestige a successful restaurant franchise operation can offer budding entrepreneurs, franchising is also one form of business entrepreneurialism that offers would-be business owners a vast amount of upfront pre-investment advice and guidance from a host of independent experts. So here is an A-Z checklist about how to start a restaurant franchise and make it a success.

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Buying a restaurant franchise is a great alternative for entrepreneurs who may be reticent about starting or investing in their own independent restaurant business - especially during a recession.

In addition to the training, marketing support, and brand prestige a successful restaurant franchise operation can offer budding entrepreneurs, franchising is also one form of business entrepreneurialism that offers would-be business owners a vast amount of upfront pre-investment advice and guidance from a host of independent experts.

So rather than reinvent the wheel on this topic, I've sifted through some of the best articles, resources and tools to provide an A-Z checklist about how to start a restaurant franchise and make it a success.

From evaluating your readiness for franchise ownership to assessing and buying a restaurant franchise to understanding how the law frames the process of buying and operating a restaurant franchise, here is a selection of expert advice that's worth bookmarking. Note that while much of the information below focuses on restaurant franchising, there is a good amount of information that applies to franchising in general.

1. Is Franchising the Way to Go?

Tips on whether the franchise business model is right for you.

2. Assessing Potential Restaurant Franchise Opportunities

Tips on how to choose the right franchise for you.

3. The Process of Buying a Restaurant Franchise

Buying a franchise is not always as easy as you might think. Get a greater understanding of what it takes by reading these step-by-step guides.

4. Operating Your Restaurant Franchise within the Law

Your franchise contract will outline the type of support your franchiser will provide to help you make your business operation a success. This may or may not include advice on how to comply with the laws and regulations that govern the food service business.

From labor laws to food safety laws and new regulations such as no smoking laws, understanding and achieving compliance with legal and regulatory requirements can have a big effect on the success of a restaurant operation.

Read Operating a Restaurant within the Law: A 101 in Compliance - Part 1 and Part 2 for guidance on the laws that apply to minimum wage, tips, and overtime, youth labor, immigration, food safety and taxes.

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