Skip to main content

What is right for me — Taking a franchise or starting my own restaurant?

Are you just venturing into the restaurant business but not sure about the kind of business suitable for you? Figuring out if you are capable of starting your own brand of restaurant and expanding it, or if you need to buy a franchise and be content with it is tricky. Read on to clear your confusion.

First, let’s get you on the same page about what exactly starting your own restaurant and taking a franchise mean.

Starting a brand-new restaurant –

I simply like to call a new restaurant as something which has a unique theme or name, which previously never existed. You invest fresh and build it from scratch. For this, you need to keep in mind a lot of factors. Though this sounds a little daunting, you can look into 

Taking a franchise

I also call it buying a franchise. It is nothing but being a part of the expansion of an already existing restaurant brand by investing to set up their new store at a new location and managing its operations. You sure are the owner of your store/restaurant, but not the brand.
Both these types have their own perks and minuses.
Before we get into those details, let us compare own restaurant and franchise.

Now for the perks, take a look at the table.

Here are the minuses.

So basically, a franchise gets support from the franchisor for almost everything needed to set up the franchise. This includes finding a good location, getting permits, appliances, interiors, marketing and also human resources. Whereas, for your new restaurant, you do all these entirely on your own.
I don’t want to scare you off by writing all this. It for sure is intimidating but you can always choose to take help from the experts. 
SelectDine helps you with all these with no hidden costs. I advise talking to them before taking any decision.


Popular posts from this blog

How to Safeguard Franchise Fraud

The case of buying, owning, and operating a franchise can seem quite compelling: You, at least in a sense, own your own business, but you are not alone during the operation. The product or service has already been fully developed; it's simply up to you to offer the product or service on your own terms.
There are people out there offering fraudulent opportunities; and while you may think that it could never happen to you, fraudsters are getting more sophisticated in their methods of deception. What is Franchise Fraud?Common forms of franchise fraud include misleading and fraudulent sales practices used to entice prospective franchisees to purchase and invest in a franchise. Misleading sales tactics can come in many forms. One of the more common forms of fraud in the franchise arena is the making of false or misleading statements about projected financial performance. It is, in fact, unlawful for a franchiser to provide any representations of potential or actual financial performance…

How to start a Restaurant?

At this point, I am guessing that you want to open a restaurant — and you have opened multiple tabs on Google that answer this question, asked questions on Reddit and Quora and are trying every bit to make sure you can gain as much information possible in a limited amount of time. I assure you, you can stop here. Here is everything you need to know about starting a restaurant/café in India. Without further ado, let’s dive right into what we will be looking over in this article. Step 1: Develop an IdeaYou need to have an idea of what you want to be doing. Are you going to start a sit-down restaurant? Are you going to start A café? Or, are you going to start a fast food joint? Alternatively, are you thinking about a specific type of cuisine? Maybe you like Italian cuisine but feel that the Mexican cuisine might run a better business. Perhaps, you just want to offer Indian cuisine — that is totally fine, but you need an idea. These are just some general ideas to get started with before pr…

Top Pos Features your restaurant must have

Evaluating and shopping for a new restaurant POS system can be a challenging experience for anyone. There are so many point of sale solutions on the market these days that you don't know where to begin. One thing is for sure; you don’t want to wait until the last minute to purchase your new POS system. You want to give yourself plenty of time to research and compare the functions and features of the different systems you’re considering buying. Also, it can take some time to get your system installed and for you to learn the POS software, so expect the process to take at least 3-4 weeks in general. When comparing point of sales system, you’ll want to make sure the system is the best fit for your restaurant concept. For instance, you might not want to purchase a POS dedicated for a small quick service cafe if you’re running a busy restaurant and bar. The two different systems may look the same with a touchscreen display, but the front of house and back of house software could be compl…