The reading level for this article is Novice
Advantage of running a restaurant franchise
There’s an existing demand for restaurant franchises as consumers tend to be on the look out for these franchises i.e. McDonald’s. Besides that, financial institutions are generally more lenient in funding these traditional franchises as they can look at the previous track record of the franchise.
Disadvantages of running a restaurant franchise
There’s a large initial capital outlay due to rent , renovations and bulk purchase of food. There are also many guidelines that restaurant franchisees have to follow so that the food is safe for consumption. You would have to work long hours and there’s a relatively low margin associated with running a restaurant franchise due to the price sensitivity of the food sold.
It would be advisable to work in a restaurant franchise before embarking on your journey on owning one.