Multi-Unit Franchise Opportunities

Everyone who knows anything about franchising knows that the people who make the most money are the multi unit franchise owners. As a single franchise owner or an owner-operator, you can do well, but you take on more risk and your reward is limited. Why is that? Let’s take a look.

Decreased Risk for Multi-Unit Franchisees

When you learn about stock market investing, one of the first things you learn is that you have to diversify. That’s why so many people invest in index funds instead of single stocks. If you invest in one company and it tanks, you’ve lost everything. On the other hand, if you’ve invested in 20 companies in different industries, you may see one or two tank, but many more will do well and some will stay about the same. In general, the good will outweigh the bad and you’ll come out ahead (even though it’s possible you could have done better with one – the downside is just much bigger).

Restaurant franchises and other types of franchises are much the same. If you have one location, it could be forced into bankruptcy by increased local competition, the closure of nearby major employers, etc. If you’re a multi-unit franchise owner, it’s very unlikely that all your locations are going to close.

Bargaining Power for Multi-Unit Franchisees

Whether you have one franchise location or twenty, the franchisor is going to want to work with you to make it a success. They want to keep their brand strong and keep those royalties coming. However, if you have 20 locations, it’s much more likely they’ll be willing to work with you on things like startup costs and royalty rates. After all, losing you would be much worse than losing someone with just one store.

Rewards Are Scaled with Multi-Unit Franchising

If you have one location, there’s a tendency to get heavily involved in the day-to-day operations and artificially limit your earnings. If you have multiple franchise locations, you’ll have to create systems and start letting other people do the work you would have done. You may earn slightly less per location, but once you get that system going, you can duplicate repeatedly to grow your fortune faster.

Multi-Unit Franchise Opportunities

It can be hard to find a good multi-unit franchise opportunity. Although almost all franchisors WANT multi-unit franchisees, not all of them are prepared to be a good partner to one. For that reason, it’s best to stick with established franchisors who already have a number of multi-unit franchisors and who understand how to be a good partner in that kind of situation. That’s also the best way to make sure you’re working with a company that will help you safeguard your investment by keeping the brand strong.

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Jakes WayBack Burgers

JakesWayback_NewlogoJake’s Way Back Burgers

Opened in 1991 as Jake’s Hamburgers with one restaurant in Newark, DE, Jake’s soon became several stores and the home to the regions favorite burgers.  In August 2010, Jake’s Hamburgers changed its name to Jake’s Way Back Burgers, and while the stores got a bit of a face lift, they continued to serve the best burgers under the bun.

Every month Jake’s features a brand new Burger of the Month along with a new Shake of the Month.  But the burgers are just a beginning for Jake’s also offers house made potato chips, all beef hot-dogs, various other sandwiches, and even fresh salads.

Cash required to start a Jake’s Way Back Burgers franchise is $100,000 initial with a total of $250,000-$300,000 total investment. But with this investment comes many positives which make Jakes Way Back a fantastic investment.  These include over 22 years of steady growth, franchising since 2009, projected to have 150 units operating by year end 2014, award-winning premium burgers handmade from 100% fresh beef, leader in a rapidly growing market category, best unit economics in the Fast-Casual market, focused leadership with over 50 years of franchising experience.

JakesWaybackBurgers_RyanOBryanJake’s Way Back Burgers is strategically poised to grow dynamically.  This could be your opportunity to partner with a leader in a rapidly growing food market category.  Franchises are available through out the U.S. and internationally, training is provided, and Jake’s Way Back Burgers is approved through the SBA.

http://waybackburgers.com/ – Check out their website

https://www.facebook.com/waybackburgers – Follow Jake’s on Facebook

http://www.franchisedirect.com/restaurantfranchises/81 – See Jake’s review on Franchise Direct

Gluten Free Franchises

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A health based necessity for so many, Gluten Free Food, was named one of the hottest new menu trends by the National Restaurant Association.  With over 20 million Americans being diagnosed with Celiac Disease or Gluten Intolerance, and even more going Gluten Free by choice, this is a market that has nowhere to go but up.

If you have never considered it before, perhaps you should take a moment and research a franchises offering a Gluten Free menu.  Often it is difficult for people with gluten dietary restrictions to find offerings in their area.  There is no better way of capturing this market dynamic, than being the first to offer Gluten Free foods in your target market.

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The following is a list of a few Franchises offering Gluten Free menus.

French Fry Heaven

While on holiday with his wife, Scott Nelowet couldn’t help but notice the popularity of the french fry vendors on every corner.  He brought the idea home with him, and French Fry Heaven was born.  Opening the original store in October of 2011 in Jacksonville Fl, French Fry Heaven has since     grown  to over fifty franchised locations nationwide.

Garbanzo Mediterranean Grill

Alon Mor, a native of the Mediterranean region with over 20 years restaurant experience, had a vision to bring top quality Mediterranean style food to the U.S. in the fast casual environment.  Opened in 2007 Garbanzo Mediterranean Grill has grown to have franchises in 9 states, and is looking to keep expanding.

Fresh to Order

Fresh To Order or F2O for short serves the freshest, finest, food in the southeast.  Our Food, Our Promise: We hope that you will notice with all your senses the freshness and quality of every ingredient we put into our products from our lettuces and vegetables to our proteins and sauces, soups, teas and coffees.  Located primarily in Georgia with one location in Tennessee F2O has 10 locations and is looking to expand.

Souper Salad

Souper Salad is a one-of-a-kind restaurant, a progressive yet comfortable destination for customers who want more than assembly line products and services. It’s been our focus and commitment since the day we first opened our doors in 1978.  Souper Salad is a privately held company, headquartered in Boerne, Texas, and operates 43 locations in 7 states.

Sushi Freak

Michael and Jenifer share more than their passion for sushi. They reside in San Diego, California where they enjoy living an active lifestyle in their beautiful beach paradise. The duo also loves exploring destinations far-and-wide, soaking in new cultures and orchestrating Sushi Freak’s world domination.

Please visit the link below if none of these Franchises fit your business needs.

http://www.franchising.com/food_franchises/glutenfreefood.html

Tropical Smoothie Cafe

header_logoJust possibly the best smoothie franchise opportunity you have never yet had the chance to try, Tropical Smoothie Cafe is a newer, and upcoming business on the rise.  Offering customers a chance to purchase natural and healthy options for Breakfast, Lunch, and Dinner, Tropical Smoothie Cafe is a fresh idea in the world of fast food giants.

Now operating over 300 healthy fast food franchises nation wide Tropical Smoothie Cafe was founded in 1997 in Destin, Florida.  In 2010, “Entrepreneur Magazine” ranked Tropical Smoothie Cafe as #78 in the Fastest Growing Brands, and #181 in the Franchise 500.

Tropical Smoothie Cafe offers customers a warm and tropical feeling store, like a little slice of paradise giving customers the opportunity to relax from the day to day hum drum.  Giving customers and local residents access to Tropical-Smoothie-Cafesomething different than the normal fast food, Tropical Smoothie Cafe offers healthy, natural, and premium quality ingredients.  The finest of meats and cheeses in sandwiches and wraps,  the freshest of fruits in all natural smoothies, Tropical Smoothie Cafe even has children’s options, and Breakfast.

A franchise with plenty of room for future growth, Tropical Smoothie Cafe, just may be the best option for you.   Natural and Healthy options make this one franchise that is one the upswing.  Take the time consider this natural and healthy option, when considering your best franchise.

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Frozen Yogurt Franchise Guide

English: Red Mango - Alderwood Mall
English: Red Mango – Alderwood Mall (Photo credit: Wikipedia)

Frozen yogurt is one of the hottest segments in franchising right now.  Companies like Red Mango, Menchie’s, TCBY, Forever Yogurt, Golden Spoon, and Pinkberry dominate, but a large number of smaller places are also thriving. Potential franchisees seem torn between wanting to get in on the next big thing and being concerned that it’s too late to make any money because the market is already saturated. And what about dairy-free or vegan offerings, like what TCBY has started to offer? Does that make a difference (see the related articles below for some follow up on that topic).

So what’s the truth? And is there a difference between all these brightly-colored companies? Whether you’re getting ready to sign on the dotted line or it’s just a passing thought for you, you should check out Franchise Chatter’s Froyo Files.

Although some of articles have a fee if you want to read them in their entirety, it’s money well-spent if you’re getting ready to put down a large chunk of your savings to buy into a chain. If nothing else, it might give you some insight into problems you could scope out and handle more smoothly than the franchisees covered in the stories.

Quiznos Sub Franchise

English: A Starbucks Coffee franchise and a Qu...
English: A Starbucks Coffee franchise and a Quiznos Sub franchise adjacent to one another in a shopping center in San Jose. (Photo credit: Wikipedia)

Quiznos is another one of those chains you see almost everywhere, but does that make it a good franchise investment? Although you ultimately have to be the sole judge of where you put your money, let’s take a look at some factors that might influence your decision.

First off, at the time of this post, the Quiznos franchise recruitment site (OwnaQuiznos.com) is down. Who knows why – maybe it’s just a temporary outage, but it could also be a bigger indicator that there’s trouble in Quiznos paradise. If the site is back up when you read this post, there’s a good chance it was just a temporary outage. The main corporate site is still up and running just fine.

Perhaps more importantly, franchisees have successfully settled lawsuits with Quiznos over their business practices and how they treat franchisees. There’s more information in this thread, but the general idea is that they were allegedly not compensating franchisees for discounts they offered, and that they were forcing them to buy through undesirable channels.

I’ll admit, I’ve enjoyed the occasional Quiznos sub or sammie in the past, but between the news here and the increasing trend toward healthier options, I would probably skip Quiznos. What do you think?

Steak N Shake Burger Franchise

steak n shake fast food franchiseIf you’ve spent any time in the Midwest or southern portion of the US, you’ve probably eaten at a Steak N Shake. At the very least, you’re probably familiar with their classic red, black, and white diner-style restaurants. They’re known for their steakburgers, but their milkshake list is not too shabby, either.

So let’s talk about Steak N Shake as a fast food franchise opportunity rather than as a place to eat (though the two things are not entirely separate issues).  It’s not an inexpensive opportunity, which puts it out of reach for a lot of potential franchisees. Beyond that, not every area is big enough to support a Steak N Shake restaurant.

That said, there are still huge portions of the country that are completely without Steak N Shakes. They’re working on expanding their reach, and if you’re in one of those growth areas, it could be an especially good opportunity to get in early. The company itself is run by Biglari, and the Steak N Shake brand has been around for decades.

But is it the right opportunity for you? I’d encourage you to download their franchise kit and learn more about the opportunity. Everyone’s situation is different, but for the right candidate, my opinion is that Steak N Shake is a great franchise to consider.